Community Bank System (NYSE:CBU – Get Free Report) issued its earnings results on Tuesday. The bank reported $0.83 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.05), Yahoo Finance reports. Community Bank System had a return on equity of 8.94% and a net margin of 15.90%. The company had revenue of $188.94 million during the quarter, compared to the consensus estimate of $186.35 million. During the same quarter in the prior year, the business earned $0.82 EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year.
Community Bank System Price Performance
Shares of Community Bank System stock opened at $57.86 on Wednesday. The firm has a market capitalization of $3.05 billion, a PE ratio of 18.19 and a beta of 0.64. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.43. Community Bank System has a 12 month low of $35.38 and a 12 month high of $63.95. The business’s 50-day moving average price is $58.88 and its 200-day moving average price is $52.30.
Community Bank System Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 13th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Friday, December 13th. Community Bank System’s payout ratio is currently 57.86%.
Analysts Set New Price Targets
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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.
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