Community Bank System (NYSE:CBU – Get Free Report) issued its quarterly earnings results on Tuesday. The bank reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.14, Briefing.com reports. Community Bank System had a return on equity of 8.99% and a net margin of 15.90%. The firm had revenue of $183.80 million for the quarter, compared to the consensus estimate of $180.05 million. During the same period in the prior year, the business posted $0.91 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis.
Community Bank System Stock Down 2.1 %
Community Bank System stock opened at $60.12 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 18.91 and a beta of 0.65. Community Bank System has a 1-year low of $35.38 and a 1-year high of $62.49. The business has a fifty day moving average price of $47.65 and a 200-day moving average price of $46.55.
Community Bank System Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Friday, September 13th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.06%. The ex-dividend date is Friday, September 13th. This is a boost from Community Bank System’s previous quarterly dividend of $0.45. Community Bank System’s dividend payout ratio (DPR) is 56.60%.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on Community Bank System
Insider Buying and Selling
In related news, CEO Dimitar Karaivanov acquired 1,000 shares of Community Bank System stock in a transaction on Thursday, June 13th. The stock was acquired at an average price of $43.52 per share, for a total transaction of $43,520.00. Following the purchase, the chief executive officer now owns 19,653 shares of the company’s stock, valued at approximately $855,298.56. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.89% of the stock is currently owned by company insiders.
Community Bank System Company Profile
Community Bank System, Inc operates as the bank holding company for Community Bank, N.A. that provides various banking and other financial services to retail, commercial, institutional, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as interest and noninterest -bearing checking, savings, and money market deposit accounts, as well as time deposits.
Recommended Stories
- Five stocks we like better than Community Bank System
- Best Stocks Under $10.00
- Enphase Energy Stock: Growth in the Renewable Energy Transition
- What Does Downgrade Mean in Investing?
- ASML Stock Nearing Bottom: Is Now the Time to Buy?
- 3 Monster Growth Stocks to Buy Now
- Earnings Season Sell-Off: Is This Tech Giant a Buy?
Receive News & Ratings for Community Bank System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Bank System and related companies with MarketBeat.com's FREE daily email newsletter.