Cortland Bancorp (OTCMKTS:CLDB) Share Price Crosses Above 50-Day Moving Average of $21.71

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Cortland Bancorp Inc (OTCMKTS:CLDB) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $21.71 and traded as high as $22.50. Cortland Bancorp shares last traded at $21.90, with a volume of 6,310 shares traded.

The stock has a market cap of $94.89 million, a P/E ratio of 9.93 and a beta of 0.13. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.71. The firm’s fifty day moving average is $21.73 and its 200 day moving average is $22.80.

Cortland Bancorp (OTCMKTS:CLDB) last released its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.45 earnings per share (EPS) for the quarter. The company had revenue of $7.25 million during the quarter. Cortland Bancorp had a net margin of 26.40% and a return on equity of 14.41%.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, November 8th. This represents a $0.48 annualized dividend and a yield of 2.18%.

In other Cortland Bancorp news, COO Timothy Carney acquired 2,000 shares of Cortland Bancorp stock in a transaction dated Tuesday, October 29th. The stock was bought at an average cost of $21.17 per share, with a total value of $42,340.00. 9.53% of the stock is owned by corporate insiders.

A hedge fund recently raised its stake in Cortland Bancorp stock. Maltese Capital Management LLC increased its position in shares of Cortland Bancorp Inc (OTCMKTS:CLDB) by 6.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,638 shares of the financial services provider’s stock after purchasing an additional 3,117 shares during the period. Maltese Capital Management LLC owned about 1.20% of Cortland Bancorp worth $1,216,000 at the end of the most recent reporting period. 1.61% of the stock is owned by institutional investors.

Cortland Bancorp Company Profile (OTCMKTS:CLDB)

Cortland Bancorp operates as the bank holding company for The Cortland Savings and Banking Company that provides commercial and retail banking services in Northeastern Ohio and Western Pennsylvania. Its deposit products include demand deposits, savings, money market, time deposit, and checking accounts.

Further Reading: Management Fee

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