Cortland Bancorp (OTCMKTS:CLDB) Shares Cross Above 50-Day Moving Average of $21.71
Cortland Bancorp Inc (OTCMKTS:CLDB) passed above its fifty day moving average during trading on Monday . The stock has a fifty 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 trading hands.
The company 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 quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.71. The business has a 50-day moving average price of $21.73 and a two-hundred day moving average price of $22.80.
Cortland Bancorp (OTCMKTS:CLDB) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.45 earnings per share (EPS) for the quarter. The business had revenue of $7.25 million for the quarter. Cortland Bancorp had a return on equity of 14.41% and a net margin of 26.40%.
In other Cortland Bancorp news, COO Timothy Carney bought 2,000 shares of Cortland Bancorp stock in a transaction dated Tuesday, October 29th. The shares were bought 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.
An institutional investor recently raised its position in Cortland Bancorp stock. Maltese Capital Management LLC boosted its stake in Cortland Bancorp Inc (OTCMKTS:CLDB) by 6.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,638 shares of the financial services provider’s stock after purchasing an additional 3,117 shares during the quarter. Maltese Capital Management LLC owned about 1.20% of Cortland Bancorp worth $1,216,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 1.61% of the company’s stock.
About Cortland Bancorp (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.
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