Cortland Bancorp Inc Plans Dividend of $0.12 (OTCMKTS:CLDB)

Cortland Bancorp Inc (OTCMKTS:CLDB) declared a dividend on Tuesday, October 22nd, Fidelity reports. Investors of record on Tuesday, November 12th will be given a dividend of 0.12 per share by the financial services provider on Monday, December 2nd. The ex-dividend date of this dividend is Friday, November 8th.

Shares of CLDB traded down $0.15 during trading hours on Wednesday, hitting $21.85. The stock had a trading volume of 184 shares, compared to its average volume of 1,659. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a 50-day moving average price of $21.91 and a 200 day moving average price of $22.93. Cortland Bancorp has a fifty-two week low of $19.10 and a fifty-two week high of $28.68. The firm has a market capitalization of $95.68 million, a price-to-earnings ratio of 9.93 and a beta of 0.13.

Cortland Bancorp (OTCMKTS:CLDB) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.45 earnings per share 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%.

In other Cortland Bancorp news, COO Timothy Carney bought 2,000 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was acquired at an average price of $21.17 per share, with a total value of $42,340.00. Corporate insiders own 9.53% of the company’s stock.

Cortland Bancorp Company Profile

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.

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Dividend History for Cortland Bancorp (OTCMKTS:CLDB)

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