Q4 Earnings Forecast for CBU Issued By DA Davidson

Community Bank System, Inc. (NYSE:CBU) – Stock analysts at DA Davidson issued their Q4 2024 EPS estimates for Community Bank System in a note issued to investors on Thursday, October 24th. DA Davidson analyst M. Navas forecasts that the bank will earn $0.83 per share for the quarter. The consensus estimate for Community Bank System’s current full-year earnings is $3.42 per share. DA Davidson also issued estimates for Community Bank System’s FY2025 earnings at $3.70 EPS.

Several other research analysts have also recently weighed in on the company. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $59.00 price target on shares of Community Bank System in a research note on Tuesday, September 10th. Raymond James cut shares of Community Bank System from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $50.50.

Community Bank System Stock Up 0.4 %

Shares of Community Bank System stock opened at $58.38 on Friday. The company has a 50-day simple moving average of $58.92 and a two-hundred day simple moving average of $52.38. Community Bank System has a 52-week low of $36.42 and a 52-week high of $63.95. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market capitalization of $3.08 billion, a PE ratio of 18.36 and a beta of 0.64.

Community Bank System (NYSE:CBU) last announced its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.05). The company had revenue of $188.94 million for the quarter, compared to analysts’ expectations of $186.35 million. Community Bank System had a net margin of 15.90% and a return on equity of 8.94%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 EPS.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Point72 DIFC Ltd purchased a new stake in shares of Community Bank System in the 2nd quarter worth $76,000. Benjamin Edwards Inc. increased its position in Community Bank System by 27.5% in the second quarter. Benjamin Edwards Inc. now owns 3,436 shares of the bank’s stock worth $162,000 after buying an additional 741 shares in the last quarter. IFG Advisory LLC purchased a new stake in Community Bank System in the second quarter worth about $212,000. QRG Capital Management Inc. raised its stake in shares of Community Bank System by 4.5% in the second quarter. QRG Capital Management Inc. now owns 4,895 shares of the bank’s stock worth $231,000 after buying an additional 212 shares during the period. Finally, Dark Forest Capital Management LP purchased a new position in shares of Community Bank System during the 2nd quarter valued at about $231,000. 73.79% of the stock is currently owned by institutional investors.

Community Bank System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.84 dividend on an annualized basis and a yield of 3.15%. Community Bank System’s dividend payout ratio is currently 57.86%.

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.