Insider Selling: Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) SVP Sells 1,196 Shares of Stock

Codorus Valley Bancorp, Inc. (NASDAQ:CVLY – Get Rating) SVP Matthew A. Clemens sold 1,196 shares of the stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $22.67, for a total value of $27,113.32. Following the completion of the sale, the senior vice president now owns 24,748 shares in the company, valued at $561,037.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of NASDAQ CVLY traded up $0.60 during trading on Thursday, hitting $23.42. 613 shares of the company traded hands, compared to its average volume of 11,166. The company has a 50-day moving average price of $22.74 and a 200-day moving average price of $22.26. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.28. Codorus Valley Bancorp, Inc. has a 1 year low of $18.85 and a 1 year high of $24.48. The firm has a market capitalization of $223.15 million, a P/E ratio of 16.07 and a beta of 0.52.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 10th. Investors of record on Tuesday, April 26th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, April 25th. This represents a $0.60 annualized dividend and a yield of 2.56%. Codorus Valley Bancorp’s dividend payout ratio (DPR) is 42.25%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP grew its position in Codorus Valley Bancorp by 370.8% in the 1st quarter. Marshall Wace LLP now owns 6,525 shares of the financial services provider’s stock worth $139,000 after purchasing an additional 5,139 shares during the last quarter. Morgan Stanley lifted its stake in Codorus Valley Bancorp by 21.5% during the second quarter. Morgan Stanley now owns 4,770 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 845 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Codorus Valley Bancorp by 87.6% in the 3rd quarter. Alliancebernstein L.P. now owns 104,896 shares of the financial services provider’s stock valued at $2,364,000 after acquiring an additional 48,970 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Codorus Valley Bancorp by 17.7% in the 3rd quarter. American Century Companies Inc. now owns 21,022 shares of the financial services provider’s stock valued at $474,000 after acquiring an additional 3,154 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Codorus Valley Bancorp by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 81,073 shares of the financial services provider’s stock worth $1,827,000 after buying an additional 3,369 shares in the last quarter. Hedge funds and other institutional investors own 51.29% of the company’s stock.

Separately, StockNews.com began coverage on Codorus Valley Bancorp in a report on Saturday, May 21st. They set a “hold” rating on the stock.

About Codorus Valley Bancorp (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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