CLDB Stock Overview
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.
Cortland Bancorp Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$29.15|
|52 Week High||US$30.39|
|52 Week Low||US$14.06|
|1 Month Change||4.86%|
|3 Month Change||8.36%|
|1 Year Change||93.71%|
|3 Year Change||31.31%|
|5 Year Change||89.15%|
|Change since IPO||486.77%|
Recent News & Updates
Cortland Bancorp (NASDAQ:CLDB) Is Due To Pay A Dividend Of US$0.15
The board of Cortland Bancorp ( NASDAQ:CLDB ) has announced that it will pay a dividend on the 1st of September, with...
|CLDB||US Banks||US Market|
Return vs Industry: CLDB exceeded the US Banks industry which returned 79.6% over the past year.
Return vs Market: CLDB exceeded the US Market which returned 39.1% over the past year.
|CLDB Average Weekly Movement||3.2%|
|Banks Industry Average Movement||3.7%|
|Market Average Movement||6.6%|
|10% most volatile stocks in US Market||15.8%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: CLDB is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: CLDB's weekly volatility (3%) has been stable over the past year.
About the Company
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. It offers deposit products, including demand and time deposits, savings, money market, and checking accounts. The company also provides commercial loans, such as commercial, financial, real estate construction and development, and commercial real estate loans, as well as small business lending and trade financing; and consumer loans, including residential real estate, home equity, and installment loans.
Cortland Bancorp Fundamentals Summary
|CLDB fundamental statistics|
Is CLDB overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CLDB income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||2.28|
|Net Profit Margin||30.74%|
How did CLDB perform over the long term?See historical performance and comparison
2.2%Current Dividend Yield
Is Cortland Bancorp undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CLDB ($29.15) is trading below our estimate of fair value ($36.06)
Significantly Below Fair Value: CLDB is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CLDB is poor value based on its PE Ratio (12.8x) compared to the US Banks industry average (10.7x).
PE vs Market: CLDB is good value based on its PE Ratio (12.8x) compared to the US market (17.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CLDB's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CLDB is overvalued based on its PB Ratio (1.5x) compared to the US Banks industry average (1.1x).
How is Cortland Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Cortland Bancorp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Cortland Bancorp performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CLDB has high quality earnings.
Growing Profit Margin: CLDB's current net profit margins (30.7%) are higher than last year (25.8%).
Past Earnings Growth Analysis
Earnings Trend: CLDB's earnings have grown by 14.2% per year over the past 5 years.
Accelerating Growth: CLDB's earnings growth over the past year (35.9%) exceeds its 5-year average (14.2% per year).
Earnings vs Industry: CLDB earnings growth over the past year (35.9%) underperformed the Banks industry 40.6%.
Return on Equity
High ROE: CLDB's Return on Equity (11.7%) is considered low.
How is Cortland Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: CLDB's Assets to Equity ratio (9.5x) is low.
Allowance for Bad Loans: CLDB has a low allowance for bad loans (86%).
Low Risk Liabilities: 95% of CLDB's liabilities are made up of primarily low risk sources of funding.
Loan Level: CLDB has an appropriate level of Loans to Assets ratio (61%).
Low Risk Deposits: CLDB's Loans to Deposits ratio (72%) is appropriate.
Level of Bad Loans: CLDB has an appropriate level of bad loans (1.4%).
What is Cortland Bancorp current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CLDB's dividend (2.23%) is higher than the bottom 25% of dividend payers in the US market (1.29%).
High Dividend: CLDB's dividend (2.23%) is low compared to the top 25% of dividend payers in the US market (3.51%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, CLDB has been paying a dividend for less than 10 years.
Growing Dividend: CLDB's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (24.5%), CLDB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jim Gasior (61 yo)
Mr. James M. Gasior, C.P.A., also known as Jim, is the President and Chief Executive Officer of Cortland Bancorp and The Cortland Savings and Banking Company since November 2, 2009 and has been its Directo...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD863.41K) is above average for companies of similar size in the US market ($USD545.22K).
Compensation vs Earnings: Jim's compensation has increased by more than 20% in the past year.
Experienced Management: CLDB's management team is seasoned and experienced (11.8 years average tenure).
Experienced Board: CLDB's board of directors are seasoned and experienced ( 11.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CLDB insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Cortland Bancorp's employee growth, exchange listings and data sources
- Name: Cortland Bancorp
- Ticker: CLDB
- Exchange: NasdaqCM
- Founded: 1892
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$124.068m
- Shares outstanding: 4.26m
- Website: https://www.cortlandbank.com
Number of Employees
- Cortland Bancorp
- 194 West Main Street
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/11/01 22:13|
|End of Day Share Price||2021/10/29 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.