CLDB Cortland Bancorp Dashboard

Cortland Bancorp, Inc. is a bank holding company, which provides commercial and retail banking services through its subsidiary, The Cortland Savings and Banking Company. It offers checking accounts, savings accounts, time deposit accounts, commercial, mortgage and installment loans, night depository, automated teller services, safe deposit boxes, and other miscellaneous services. The company was founded in 1984 and is headquartered in Cortland, OH.

Company profile

Ticker

CLDB

Exchange

NASDAQ

Website

www.cortlandbank.com

CEO

James M. Gasior

Incorporated

Ohio

Location

Ohio

Fiscal year end

Dec 31

Sector

Finance and Insurance > Savings Institutions

Industry (SIC)

Savings Institution, Federally Chartered

E Trade Financial • People`s United Financial • Flagstar Bancorp • Umpqua • Eastern Bankshares • TFS Financial • BankUnited • Capitol Federal Financial • Provident Financial Services • Columbia Financial ...

SEC CIK

0000774569

Corporate docs

Articles of Incorporation & Bylaws

IRS number

341451118

CLDB stock data

S&P 500

1M 1Y 2Y 5Y

News

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Stocks That Hit 52-Week Highs On Wednesday

7 Apr 21

This morning 134 companies reached new 52-week highs.

Cortland Bancorp Announces Share Repurchase Program

21 Jan 21

Cortland Bancorp Announces Share Repurchase Program CORTLAND, Ohio, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Cortland Bancorp (NASDAQ:CLDB), the holding company for The Cortland Savings and Banking Company, today

Press releases

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Cortland Bancorp Announces Financial Results for the Fourth Quarter 2020

1 Feb 21

Net income improves 47% on quarter basis and 13% year over year, despite COVID-19 challenges Board authorizes $0.14 per share dividend, plus $0.05 special dividend, and new share repurchase program

Cortland Bancorp Announces Share Repurchase Program

21 Jan 21

CORTLAND, Ohio, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Cortland Bancorp (NASDAQ:CLDB), the holding company for The Cortland Savings and Banking Company, today adopted a new stock repurchase program ("program"). Under the

Cortland Bancorp Declares Quarterly Cash Dividend of $.14 per share

21 Jan 21

CORTLAND, Ohio, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Cortland Bancorp (NASDAQ:CLDB), the holding company for Cortland Savings and Banking Company, today announced that its Board of Directors approved a quarterly cash

Calendar

16 Mar 21

13 Apr 21

31 Dec 21

Financial summary

Financial statements Chart CLDB financial data

Quarter (USD)	Dec 20	Sep 20	Jun 20	Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	36.11M	36.11M	36.11M	36.11M	36.11M	36.11M
Cash burn (monthly)	4.18M	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)
Cash used (since last report)	14.38M	n/a	n/a	n/a	n/a	n/a
Cash remaining	21.73M	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	5.2	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Recent insider trades

CLDB insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
5 Apr 21	David C Cole	Cortland Bancorp Common Stock	Buy	Aquire P	No	No	22.83	35.042	800.01	7,260.033
5 Apr 21	Anthony R Vross	Cortland Bancorp Common Stock	Buy	Aquire P	No	No	22.83	80.304	1.83K	11,343.358
5 Apr 21	Richard B Thompson	Cortland Bancorp Common Stock	Buy	Aquire P	Yes	No	22.83	43.802	1000	188,045.144
5 Apr 21	Timothy K Woofter	Cortland Bancorp Common Stock	Buy	Aquire P	No	No	22.83	65.703	1.5K	12,514.565
5 Apr 21	James E Hoffman Iii	Cortland Bancorp Common Stock	Buy	Aquire P	No	No	22.83	35.042	800.01	11,408.727

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

CLDB institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

14.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	14	15	-6.7%
Opened positions	3	2	+50.0%
Closed positions	4	1	+300.0%
Increased positions	2	4	-50.0%
Reduced positions	4	1	+300.0%

13F shares	Current	Prev Q	Change
Total value	11.03M	9.83M	+12.2%
Total shares	590.13K	650.56K	-9.3%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Ancora Advisors	409.5K	$7.66M	0.0%
Vanguard	48.25K	$902K	0.0%
Ellsworth Advisors	37.26K	$697K	0.0%
MS Morgan Stanley	34.23K	$640K	-24.4%
Bridgeway Capital Management	20K	$372K	0.0%
California Public Employees Retirement System	15.36K	$286K	NEW
Farmers Trust	12.71K	$238K	0.0%
Advisor	4.44K	$83K	NEW
BAC Bank Of America	3.65K	$68K	-45.1%
WFC Wells Fargo & Co.	2.3K	$42K	+62.3%

Largest transactions	Shares	Bought/sold	Change
Millennium Management	0	-45.7K	EXIT
GS Goldman Sachs	0	-16.52K	EXIT
California Public Employees Retirement System	15.36K	+15.36K	NEW
MS Morgan Stanley	34.23K	-11.07K	-24.4%
Advisor	4.44K	+4.44K	NEW
BAC Bank Of America	3.65K	-3K	-45.1%
Tower Research Capital	1.14K	-2.23K	-66.2%
PNC PNC Financial Services	0	-2.2K	EXIT
WFC Wells Fargo & Co.	2.3K	+881	+62.3%
Huntington National Bank	0	-500	EXIT

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Content analysis

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From filing 10-K 2020 FY