J Martin Erbaugh Purchases 2,650 Shares of Cortland Bancorp (CLDB) Stock
Cortland Bancorp (OTCMKTS:CLDB) Director J Martin Erbaugh acquired 2,650 shares of Cortland Bancorp stock in a transaction on Wednesday, November 22nd. The stock was purchased at an average cost of $19.16 per share, with a total value of $50,774.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Cortland Bancorp (OTCMKTS:CLDB) traded down $0.05 during mid-day trading on Friday, reaching $19.20. 189 shares of the company’s stock were exchanged, compared to its average volume of 2,123. Cortland Bancorp has a twelve month low of $16.02 and a twelve month high of $19.25. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.50. The company has a market cap of $85.15, a P/E ratio of 15.52 and a beta of 0.17.
Cortland Bancorp (OTCMKTS:CLDB) last issued its quarterly earnings data on Tuesday, October 31st. The financial services provider reported $0.49 earnings per share (EPS) for the quarter. Cortland Bancorp had a net margin of 19.39% and a return on equity of 9.22%. The business had revenue of $7.26 million during the quarter.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Friday, November 10th. Cortland Bancorp’s payout ratio is 25.81%.
About Cortland Bancorp
Cortland Bancorp is a bank holding company. The Company’s principal activity is to own, manage and supervise The Cortland Savings and Banking Company (Cortland Banks or the Bank). The Company operates through the commercial banking segment. The Bank is a state chartered bank engaged in commercial and retail banking.
Receive News & Ratings for Cortland Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cortland Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.