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Cortland Bancorp is a banks-regional business based in the US. Cortland Bancorp shares (CLDB) are listed on the NASDAQ and all prices are listed in US Dollars.
|52-week range||USD$10.7678 - USD$21.4624|
|50-day moving average||USD$18.2215|
|200-day moving average||USD$16.4057|
|Wall St. target price||N/A|
|Dividend yield||USD$0.54 (2.83%)|
|Earnings per share (TTM)||USD$1.97|
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Valuing Cortland Bancorp stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Cortland Bancorp's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Cortland Bancorp's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 10x. In other words, Cortland Bancorp shares trade at around 10x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
|Revenue TTM||USD$29.2 million|
|Operating margin TTM||33.33%|
|Gross profit TTM||USD$29.2 million|
|Return on assets TTM||1.06%|
|Return on equity TTM||10.64%|
|Market capitalisation||USD$82.4 million|
TTM: trailing 12 months
There are currently 719 Cortland Bancorp shares held short by investors – that's known as Cortland Bancorp's "short interest". This figure is 2.6% down from 738 last month.
There are a few different ways that this level of interest in shorting Cortland Bancorp shares can be evaluated.
Cortland Bancorp's "short interest ratio" (SIR) is the quantity of Cortland Bancorp shares currently shorted divided by the average quantity of Cortland Bancorp shares traded daily (recently around 1943.2432432432). Cortland Bancorp's SIR currently stands at 0.37. In other words for every 100,000 Cortland Bancorp shares traded daily on the market, roughly 370 shares are currently held short.
However Cortland Bancorp's short interest can also be evaluated against the total number of Cortland Bancorp shares, or, against the total number of tradable Cortland Bancorp shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Cortland Bancorp's short interest could be expressed as 0% of the outstanding shares (for every 100,000 Cortland Bancorp shares in existence, roughly 0 shares are currently held short) or 0.0002% of the tradable shares (for every 100,000 tradable Cortland Bancorp shares, roughly 0 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Cortland Bancorp.
Find out more about how you can short Cortland Bancorp stock.
Dividend payout ratio: 37.12% of net profits
Recently Cortland Bancorp has paid out, on average, around 37.12% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.01% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Cortland Bancorp shareholders could enjoy a 3.01% return on their shares, in the form of dividend payments. In Cortland Bancorp's case, that would currently equate to about $0.54 per share.
While Cortland Bancorp's payout ratio might seem fairly standard, it's worth remembering that Cortland Bancorp may be investing much of the rest of its net profits in future growth.
Cortland Bancorp's most recent dividend payout was on 1 March 2021. The latest dividend was paid out to all shareholders who bought their shares by 9 February 2021 (the "ex-dividend date").
Cortland Bancorp's shares were split on a 101:100 basis on 5 March 2009. So if you had owned 100 shares the day before before the split, the next day you'd have owned 101 shares. This wouldn't directly have changed the overall worth of your Cortland Bancorp shares – just the quantity. However, indirectly, the new 1% lower share price could have impacted the market appetite for Cortland Bancorp shares which in turn could have impacted Cortland Bancorp's share price.
Over the last 12 months, Cortland Bancorp's shares have ranged in value from as little as $10.7678 up to $21.4624. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Cortland Bancorp's is 0.5446. This would suggest that Cortland Bancorp's shares are less volatile than average (for this exchange).
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, such as residential real estate, home equity, and installment loans. In addition, it offers brokerage services; investment products comprises estate planning, qualified retirement plans, mutual funds, annuities, life insurance, fixed income and equity securities, equity research and recommendations, and asset management services under the Cortland Private Wealth Management brand; night depository, automated teller, and other services, as well as safe deposit boxes; and Internet and mobile banking options. As of October 26, 2020, the company operated through 13 full-service offices in Trumbull, Mahoning, Portage, Summit, and Cuyahoga in Northeastern Ohio, as well as a financial service center in Fairlawn, Ohio. Cortland Bancorp was founded in 1892 and is headquartered in Cortland, Ohio.
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