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Community Bank System Announces First Quarter 2024 Earnings Conference Call
Globe Newswire (Mon, 25-Mar 10:05 AM ET)
Community Bank System, Inc. Announces Its Quarterly Dividend
Business Wire (Wed, 14-Feb 4:30 PM ET)
Community Bank System, Inc. Reports Fourth Quarter And Full Year 2023 Results
Business Wire (Tue, 23-Jan 6:45 AM ET)
Community Bank System, Inc. Elects Michele Sullivan as New Independent Director
Business Wire (Fri, 19-Jan 4:15 PM ET)
Community Bank System Inc is a financial holding company. The company predominantly operates through two wholly-owned subsidiaries: Community Bank, N.A. and Benefit Plans Administrative Services. Community Bank's business is operating a community bank providing a broad array of banking and financial services. These are offered chiefly to retail, commercial, and municipal customers in non-metropolitan markets, including small towns in upstate New York and Northeastern Pennsylvania. The company has historically relied on acquisitions to fuel growth, in addition to growing organically. A majority of its loan portfolio is tilted toward the consumer market on an installment, line of credit, or residential mortgage loan basis. The majority of the company's net revenue is net interest income.
Community Bank System trades on the NYSE stock market under the symbol CBU.
As of March 28, 2024, CBU stock price climbed to $48.03 with 305,003 million shares trading.
CBU has a beta of 1.45, meaning it tends to be more sensitive to market movements. CBU has a correlation of 0.23 to the broad based SPY ETF.
CBU has a market cap of $2.56 billion. This is considered a Mid Cap stock.
Last quarter Community Bank System reported $177 million in Revenue and $.76 earnings per share. This beat revenue expectation by $2 million and missed earnings estimates by -$.08.
In the last 3 years, CBU stock traded as high as $82.10 and as low as $35.38.
The top ETF exchange traded funds that CBU belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.
CBU has underperformed the market in the last year with a return of -6.1%, while the SPY ETF gained +33.6%. In the last 3 month period, CBU fell short of the market, returning -8.9%, while SPY returned +10.1%. However, in the most recent 2 weeks CBU has outperformed the stock market by returning +7.0%, while SPY returned +1.7%.
CBU support price is $46.29 and resistance is $48.51 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CBU stock will trade within this expected range on the day.