Community Bank System (NYSE:CBU – Get Free Report) released its quarterly earnings results on Tuesday. The bank reported $0.95 EPS 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 business had revenue of $183.80 million during the quarter, compared to analyst estimates of $180.05 million. During the same period last year, the business posted $0.91 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis.
Community Bank System Stock Up 4.1 %
Shares of CBU stock traded up $2.46 during trading hours on Thursday, reaching $62.59. 381,743 shares of the stock were exchanged, compared to its average volume of 296,687. The business’s fifty day moving average is $47.89 and its two-hundred day moving average is $46.65. The firm has a market capitalization of $3.30 billion, a P/E ratio of 18.91 and a beta of 0.65. Community Bank System has a 12-month low of $35.38 and a 12-month high of $63.03. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.74 and a quick ratio of 0.74.
Community Bank System Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Friday, September 13th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend 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 presently 56.60%.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on Community Bank System
Insider Buying and Selling
In other news, CEO Dimitar Karaivanov acquired 1,000 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were bought at an average cost of $43.52 per share, with a total value of $43,520.00. Following the transaction, the chief executive officer now owns 19,653 shares in the company, valued at approximately $855,298.56. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.89% of the stock is owned by insiders.
About Community Bank System
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.
See Also
- Five stocks we like better than Community Bank System
- Buy P&G Now, Before It Sets A New All-Time High
- Viking Therapeutics: Pharma Stock Soars on Positive Earnings
- How to Calculate Inflation Rate
- Top 3 Small Cap Stocks Emerging as Rotation Winners
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Bargain Alert: 3 Stocks Worth Watching While The Market Cools
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.