Craig L. Kauffman Acquires 500 Shares of Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) Stock

Codorus Valley Bancorp, Inc. (NASDAQ:CVLYGet Rating) CEO Craig L. Kauffman acquired 500 shares of the firm’s stock in a transaction that occurred on Monday, April 18th. The shares were bought at an average price of $24.29 per share, with a total value of $12,145.00. Following the acquisition, the chief executive officer now directly owns 34,306 shares in the company, valued at $833,292.74. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

CVLY traded down $0.29 on Tuesday, reaching $23.45. 5,661 shares of the company traded hands, compared to its average volume of 11,104. Codorus Valley Bancorp, Inc. has a one year low of $17.25 and a one year high of $24.37. The firm has a fifty day simple moving average of $22.25 and a two-hundred day simple moving average of $22.15. The company has a market cap of $222.33 million, a P/E ratio of 15.63 and a beta of 0.64. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.27.

Codorus Valley Bancorp (NASDAQ:CVLYGet Rating) last announced its quarterly earnings data on Thursday, January 27th. The financial services provider reported $0.28 earnings per share for the quarter. Codorus Valley Bancorp had a net margin of 16.65% and a return on equity of 7.40%. The company had revenue of $20.13 million during the quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 10th. Investors of record on Tuesday, April 26th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.56%. The ex-dividend date is Monday, April 25th. Codorus Valley Bancorp’s payout ratio is 40.00%.

Separately, StockNews.com initiated coverage on shares of Codorus Valley Bancorp in a report on Tuesday. They set a “hold” rating for the company.

A number of large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in Codorus Valley Bancorp by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 351,289 shares of the financial services provider’s stock worth $7,588,000 after buying an additional 2,396 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Codorus Valley Bancorp by 25.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 272,030 shares of the financial services provider’s stock worth $5,876,000 after buying an additional 55,630 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Codorus Valley Bancorp by 361.0% in the third quarter. The Manufacturers Life Insurance Company now owns 216,400 shares of the financial services provider’s stock worth $4,878,000 after buying an additional 169,460 shares in the last quarter. Petiole USA ltd bought a new position in Codorus Valley Bancorp in the fourth quarter worth approximately $3,399,000. Finally, Alliancebernstein L.P. raised its stake in Codorus Valley Bancorp by 87.6% in the third quarter. Alliancebernstein L.P. now owns 104,896 shares of the financial services provider’s stock worth $2,364,000 after buying an additional 48,970 shares in the last quarter. 51.48% of the stock is owned by institutional investors.

Codorus Valley Bancorp Company Profile (Get Rating)

Codorus Valley Bancorp, Inc operates as the bank holding company for the PeoplesBank that provides community banking services. The company accepts demand, money market, time, and savings deposits, as well as certificates of deposit. It also offers commercial loans, such as builder and developer, commercial and residential real estate investor, hotel/motel, wholesale and retail, agriculture, manufacturing, and other loans; consume loans, including residential mortgage, home equity, and others.

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