Community Bank System, Inc. (NYSE:CBU) is reporting third quarter financial results on Monday 26th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, CBU is expected to report 3Q20 income of $ 0.69 per share from revenue of $ 149.98 million.
For the full year, analysts anticipate top line of $ 598.68 million, while looking forward to income of $ 3.00 per share bottom line.
Previous Quarter Performance
Community Bank System, Inc. unveiled income for the second quarter of $ 0.76 per share, from the revenue of $ 144.89 million. The quarterly earnings fell 5.00 percent while revenues raised 0.53 percent compared with the same quarter last year.
Wall street analysts are predicting, CBU to report 2Q20 income of $ 0.60 per share from revenue of $ 147.63 million. The bottom line results beat street analysts by $ 0.16 or 26.67 percent, at the same time, top line results fell short of analysts by $ 2.74 million or 1.86 percent.
Stock Performance
On Friday, shares of Community Bank System, Inc. has traded high as $ 60.51 and has cracked $ 58.28 on the downward trend, reaching $ 58.92 with volume of 220.60 thousand shares.
According to the previous trading day, closing price of $ 58.92, representing a 26.27 % increase from the 52 week low of $ 47.01 and a 18.27 % decrease over the 52 week high of $ 72.63.
The company has a market capital of $ 3.15 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 28th September 2020, maintained by Piper Sandler at Neutral rating, with $ 58.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.42 per share on August 19, 2020. The dividend were payable on October 9, 2020 to holders of record as of the close of business on September 15, 2020 and ex-dividend date on September 14, 2020.
Conference Call
Community Bank System, Inc. will be hosting a conference call at 11:00 AM eastern time on 26th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website cbna.com
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.
