Q4 Earnings Estimate for CBU Issued By DA Davidson

Community Bank System, Inc. (NYSE:CBU) – Equities research analysts at DA Davidson issued their Q4 2024 EPS estimates for shares of 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.

Community Bank System (NYSE:CBU) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $186.35 million. Community Bank System had a return on equity of 8.94% and a net margin of 15.90%. Community Bank System’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 earnings per share.

Several other equities research analysts have also recently weighed in on the company. Raymond James cut Community Bank System from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $59.00 target price on shares of Community Bank System in a research report on Tuesday, September 10th.

Community Bank System Stock Down 3.2 %

Shares of NYSE:CBU opened at $56.52 on Friday. The firm has a market capitalization of $2.98 billion, a P/E ratio of 17.77 and a beta of 0.64. 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 50 day moving average price of $58.86 and a 200-day moving average price of $52.50. Community Bank System has a 52-week low of $37.99 and a 52-week high of $63.95.

Community Bank System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 13th will be given a $0.46 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.26%. Community Bank System’s dividend payout ratio is currently 57.86%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Point72 DIFC Ltd bought a new stake in Community Bank System in the second quarter worth $76,000. Benjamin Edwards Inc. boosted its stake in Community Bank System by 27.5% in the 2nd quarter. Benjamin Edwards Inc. now owns 3,436 shares of the bank’s stock worth $162,000 after purchasing an additional 741 shares in the last quarter. IFG Advisory LLC bought a new position in Community Bank System in the 2nd quarter worth about $212,000. QRG Capital Management Inc. grew its position in Community Bank System by 4.5% during the 2nd quarter. QRG Capital Management Inc. now owns 4,895 shares of the bank’s stock valued at $231,000 after purchasing an additional 212 shares during the last quarter. Finally, Dark Forest Capital Management LP bought a new stake in Community Bank System during the 2nd quarter valued at about $231,000. Institutional investors own 73.79% of the company’s stock.

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.