Community Bank System
Share of Community Bank System (CBU) of DeWitt, N.Y., closed at $28.76, returning 6.5% year-to-date, after returning 4% during 2011.
The shares trade for 2.2 times tangible book value, and for 13 times the consensus 2013 EPS estimate of $2.15. The consensus 2012 EPS estimate is $2.07.
Based on a 27-cent quarter payout, the shares have a dividend yield of 3.76%. The company on Aug. 23 raised the quarterly dividend by a penny from 26 cents, saying "this increase marks the twentieth (20th) consecutive year of dividend increases for the Company."
For the 12-month period ended June 30, the company's ROA was 1.15%, while its ROE was 9.37%, according to Thomson Reuters Bank insight. Community Bank System in July completed its purchase of 16 former HSBC (HBC) branches from First Niagara Financial Group (FNFG) as part of that company's divestiture of roughly 100 branches, after it bought about 200 branches from HSBC. With the branch Purchase, Community Bank System brought on about $697 million in deposits and $107 million in performing loans, paying a premium of $23 million. Guggenheim analyst David Darst has a neutral rating on Community Bank System, with a price target of $28, saying on July 26 when the shares were trading below $27 that they were "in line with the historical earnings multiple," and that "a premium valuation versus peers is warranted given the company's clean asset quality, favorable market demographics with growth opportunities, and our expectations for CBU to generate ~17% [return on tangible equity] in 2012." Darst estimates that Community Bank System will earn $2.12 a share during 2013.
CBU data by YChartsInterested in more on Community Bank System? See TheStreet Ratings' report card for this stock.
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
TheStreet Quant Ratings
TRY IT FREENew! $49.95/yr
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
Product Features:
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Dividend Stock Advisor
TRY IT FREEJim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
