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How to buy Cortland Bancorp stock

Own Cortland Bancorp stock in just a few minutes.

Fact checked

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.

How to buy shares in Cortland Bancorp

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Cortland Bancorp. Find the stock by name or ticker symbol: CLDB. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Cortland Bancorp reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Cortland Bancorp, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Cortland Bancorp. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Cortland Bancorp share price

Use our graph to track the performance of CLDB stocks over time.

Cortland Bancorp shares at a glance

Information last updated 2021-02-23.
52-week rangeUSD$10.7678 - USD$21.4624
50-day moving average USD$18.2215
200-day moving average USD$16.4057
Wall St. target priceN/A
PE ratio 9.8985
Dividend yield USD$0.54 (2.83%)
Earnings per share (TTM) USD$1.97

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Cortland Bancorp stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is Cortland Bancorp under- or over-valued?

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 P/E ratio

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.

Cortland Bancorp financials

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%
Profit margin 28.29%
Book value $19.397
Market capitalisation USD$82.4 million

TTM: trailing 12 months

Shorting Cortland Bancorp shares

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)

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.

Cortland Bancorp share dividends

37%

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").

Have Cortland Bancorp's shares ever split?

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.

Cortland Bancorp share price volatility

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".

CLDB.US volatility(beta: 0.54)Avg. volatility(beta: 1.00)LowHigh

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 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. 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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