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CLDB

Cortland BancorpNasdaqCM:CLDB Stock Report

Last Price

US$29.15

Market Cap

US$124.1m

7D

3.7%

1Y

93.7%

Updated

01 Nov, 2021

Data

Company Financials
CLDB fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends2/6

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

Reliant Bancorp

NasdaqCM:RBNC

US$592.3m

MVB Financial

NasdaqCM:MVBF

US$483.8m

Farmers & Merchants Bancorp

NasdaqCM:FMAO

US$418.0m

LCNB

NasdaqCM:LCNB

US$241.8m

Price History & Performance

Summary of all time highs, changes and price drops for Cortland Bancorp
Historical stock prices
Current Share PriceUS$29.15
52 Week HighUS$30.39
52 Week LowUS$14.06
Beta0.66
1 Month Change4.86%
3 Month Change8.36%
1 Year Change93.71%
3 Year Change31.31%
5 Year Change89.15%
Change since IPO486.77%

Recent News & Updates

Jul 25
Cortland Bancorp (NASDAQ:CLDB) Is Due To Pay A Dividend Of US$0.15

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...

Shareholder Returns

CLDBUS BanksUS Market
7D3.7%-3.7%-3.5%
1Y93.7%29.3%10.2%

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.

Price Volatility

Is CLDB's price volatile compared to industry and market?
CLDB volatility
CLDB Average Weekly Movement3.2%
Banks Industry Average Movement3.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market2.4%

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

FoundedEmployeesCEOWebsite
1892151Jim Gasiorhttps://www.cortlandbank.com

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

How do Cortland Bancorp's earnings and revenue compare to its market cap?
CLDB fundamental statistics
Market CapUS$124.07m
Earnings (TTM)US$9.72m
Revenue (TTM)US$31.63m

12.8x

P/E Ratio

1.5x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CLDB income statement (TTM)
RevenueUS$31.63m
Cost of RevenueUS$0
Gross ProfitUS$31.63m
ExpensesUS$21.91m
EarningsUS$9.72m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.28
Gross Margin100.00%
Net Profit Margin30.74%
Debt/Equity Ratio24.8%

How did CLDB perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

24%

Payout Ratio

Valuation

Is Cortland Bancorp undervalued compared to its fair value and its price relative to the market?

19.2%

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).


Future Growth

How is Cortland Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

1.6%

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.


Past Performance

How has Cortland Bancorp performed over the past 5 years?

14.2%

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.


Financial Health

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


Balance Sheet


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%).


Dividend

What is Cortland Bancorp current dividend yield, its reliability and sustainability?

2.23%

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

11.8yrs

Average management tenure


CEO

Jim Gasior (61 yo)

11.92yrs

Tenure

US$863,411

Compensation

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.


Leadership Team

Experienced Management: CLDB's management team is seasoned and experienced (11.8 years average tenure).


Board Members

Experienced Board: CLDB's board of directors are seasoned and experienced ( 11.7 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Cortland Bancorp's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Cortland Bancorp
  • 194 West Main Street
  • Cortland
  • Ohio
  • 44410
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/01 22:13
End of Day Share Price2021/10/29 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.