Piper Sandler Weighs in on Community Bank System, Inc.’s FY2020 Earnings (NYSE:CBU)

Community Bank System, Inc. (NYSE:CBU) – Research analysts at Piper Sandler issued their FY2020 earnings estimates for Community Bank System in a research report issued on Tuesday, January 14th. Piper Sandler analyst A. Twerdahl expects that the bank will post earnings per share of $3.31 for the year.

Separately, Zacks Investment Research raised Community Bank System from a “sell” rating to a “hold” rating in a report on Tuesday, October 22nd.

Shares of Community Bank System stock traded down $0.21 on Friday, reaching $71.31. The company’s stock had a trading volume of 63,766 shares, compared to its average volume of 220,220. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 21.16 and a beta of 1.01. The firm’s fifty day simple moving average is $69.77 and its two-hundred day simple moving average is $65.58. Community Bank System has a 52 week low of $56.58 and a 52 week high of $71.71. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.05.

Community Bank System (NYSE:CBU) last posted its earnings results on Monday, October 21st. The bank reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.03. The business 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%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.81 EPS.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 13th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Thursday, December 12th. Community Bank System’s payout ratio is currently 48.66%.

In related news, Director Eric Stickels sold 3,000 shares of Community Bank System stock in a transaction on Friday, November 1st. The stock was sold at an average price of $68.12, for a total transaction of $204,360.00. Following the transaction, the director now directly owns 37,664 shares in the company, valued at $2,565,671.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director R Kallet Michael sold 1,500 shares of Community Bank System stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $66.62, for a total value of $99,930.00. Following the transaction, the director now owns 51,409 shares in the company, valued at $3,424,867.58. The disclosure for this sale can be found here. Insiders sold 13,342 shares of company stock valued at $911,723 in the last ninety days. 2.15% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp lifted its position in Community Bank System by 1.6% during the third quarter. Stifel Financial Corp now owns 9,682 shares of the bank’s stock valued at $596,000 after purchasing an additional 148 shares in the last quarter. Metropolitan Life Insurance Co NY lifted its position in shares of Community Bank System by 1.3% in the third quarter. Metropolitan Life Insurance Co NY now owns 16,254 shares of the bank’s stock valued at $1,003,000 after acquiring an additional 214 shares in the last quarter. Diversified Trust Co lifted its position in shares of Community Bank System by 9.0% in the third quarter. Diversified Trust Co now owns 3,650 shares of the bank’s stock valued at $225,000 after acquiring an additional 300 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Community Bank System by 0.9% in the third quarter. Nisa Investment Advisors LLC now owns 34,100 shares of the bank’s stock valued at $2,104,000 after acquiring an additional 300 shares in the last quarter. Finally, Mason Street Advisors LLC lifted its position in shares of Community Bank System by 1.9% in the third quarter. Mason Street Advisors LLC now owns 17,519 shares of the bank’s stock valued at $1,081,000 after acquiring an additional 319 shares in the last quarter. Institutional investors own 71.00% of the company’s stock.

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, 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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