Community Bank System, Inc. (NYSE:CBU) declared a quarterly dividend on Wednesday, November 20th, Zacks reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.41 per share by the bank on Friday, January 10th. This represents a $1.64 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, December 12th.
Shares of NYSE CBU traded up $0.20 during midday trading on Tuesday, hitting $68.08. 7,397 shares of the stock traded hands, compared to its average volume of 157,849. The firm has a 50-day moving average of $67.71 and a two-hundred day moving average of $64.34. The firm has a market capitalization of $3.52 billion, a P/E ratio of 20.18 and a beta of 1.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.81 and a current ratio of 0.81. Community Bank System has a one year low of $54.46 and a one year high of $69.50.
Community Bank System (NYSE:CBU) last posted its quarterly earnings data on Monday, October 21st. The bank reported $0.84 EPS for the quarter, topping the consensus estimate of $0.81 by $0.03. The firm had revenue of $148.40 million during the quarter, compared to analyst estimates of $150.53 million. Community Bank System had a return on equity of 9.86% and a net margin of 27.57%. Community Bank System’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.81 EPS. Equities analysts forecast that Community Bank System will post 3.24 earnings per share for the current fiscal year.
In other Community Bank System news, Director R Kallet Michael sold 1,500 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $66.62, for a total value of $99,930.00. Following the completion of the sale, the director now owns 51,409 shares in the company, valued at approximately $3,424,867.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Eric Stickels sold 3,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $68.12, for a total value of $204,360.00. Following the completion of the sale, the director now owns 37,664 shares of the company’s stock, valued at approximately $2,565,671.68. The disclosure for this sale can be found here. Insiders sold a total of 11,842 shares of company stock valued at $807,878 in the last quarter. 2.15% 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, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as checking, savings, and money market accounts, as well as time deposits.
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