Cortland Bancorp Inc (CLDB) COO Timothy Carney Buys 2,173 Shares of Stock

Cortland Bancorp Inc (OTCMKTS:CLDB) COO Timothy Carney acquired 2,173 shares of the business’s stock in a transaction dated Tuesday, December 19th. The shares were bought at an average price of $20.25 per share, for a total transaction of $44,003.25. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of Cortland Bancorp Inc (OTCMKTS CLDB) remained flat at $$20.50 during trading hours on Friday. Cortland Bancorp Inc has a twelve month low of $17.00 and a twelve month high of $21.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.79 and a current ratio of 0.80. The company has a market capitalization of $90.68, a P/E ratio of 16.53 and a beta of 0.19.

Cortland Bancorp (OTCMKTS:CLDB) last issued its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $0.49 earnings per share for the quarter. Cortland Bancorp had a net margin of 19.39% and a return on equity of 9.22%. The company had revenue of $7.26 million for the quarter.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 13th were issued a $0.08 dividend. The ex-dividend date was Friday, November 10th. This represents a $0.32 annualized dividend and a yield of 1.56%. Cortland Bancorp’s dividend payout ratio (DPR) is presently 25.81%.

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About Cortland Bancorp

Cortland Bancorp is a bank holding company. The Company’s principal activity is to own, manage and supervise The Cortland Savings and Banking Company (Cortland Banks or the Bank). The Company operates through the commercial banking segment. The Bank is a state chartered bank engaged in commercial and retail banking.

Insider Buying and Selling by Quarter for Cortland Bancorp (OTCMKTS:CLDB)

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