Community Financial System, Inc. (CBU) To Go Ex-Dividend on June 15th

Community Financial System, Inc. (NYSE:CBU) declared a quarterly dividend on Wednesday, April 22nd. Shareholders of record on Monday, June 15th will be given a dividend of 0.47 per share by the bank on Friday, July 10th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, June 15th.

Community Financial System has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 33 years. Community Financial System has a payout ratio of 39.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Community Financial System to earn $5.33 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 35.3%.

Community Financial System Stock Performance

NYSE:CBU opened at $66.03 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.22. The company has a market cap of $3.47 billion, a P/E ratio of 16.03 and a beta of 0.78. Community Financial System has a fifty-two week low of $51.12 and a fifty-two week high of $67.50. The firm’s 50 day moving average is $62.88 and its two-hundred day moving average is $61.34.

Community Financial System (NYSE:CBU) last posted its quarterly earnings results on Wednesday, April 29th. The bank reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.05. Community Financial System had a net margin of 21.26% and a return on equity of 11.24%. The company had revenue of $213.69 million for the quarter, compared to the consensus estimate of $216.36 million. During the same quarter last year, the firm posted $0.98 earnings per share. Community Financial System’s revenue was up 8.7% on a year-over-year basis. Analysts expect that Community Financial System will post 4.74 EPS for the current year.

Community Financial System Company Profile

Community Financial System (NYSE: CBU) is the bank holding company for Community Bank, National Association, a full-service commercial bank headquartered in DeWitt, New York. Through its principal subsidiary, the company offers a range of banking and financial services designed to meet the needs of both consumer and business clients. Its organizational structure centers on community-based banking operations supported by centralized technology, risk management and administrative functions.

The company’s product offerings include deposit accounts, residential and commercial mortgage loans, commercial and consumer lending, treasury and cash management services, and electronic banking.