Insider Buying: Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) CEO Purchases 500 Shares of Stock

Codorus Valley Bancorp, Inc. (NASDAQ:CVLYGet Rating) CEO Craig L. Kauffman acquired 500 shares of the business’s stock in a transaction on Wednesday, June 15th. The stock was purchased at an average price of $23.18 per share, for a total transaction of $11,590.00. Following the acquisition, the chief executive officer now directly owns 36,306 shares in the company, valued at $841,573.08. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

CVLY opened at $22.76 on Thursday. The company has a 50-day moving average of $23.05 and a 200-day moving average of $22.31. The company has a market capitalization of $216.86 million, a P/E ratio of 16.03 and a beta of 0.53. Codorus Valley Bancorp, Inc. has a 1-year low of $19.60 and a 1-year high of $24.48. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.92 and a current ratio of 0.92.

Codorus Valley Bancorp (NASDAQ:CVLYGet Rating) last released its earnings results on Thursday, April 28th. The financial services provider reported $0.32 earnings per share for the quarter. The company had revenue of $19.56 million during the quarter. Codorus Valley Bancorp had a net margin of 15.98% and a return on equity of 7.11%.

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 10th. Stockholders of record on Tuesday, April 26th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend was Monday, April 25th. Codorus Valley Bancorp’s payout ratio is currently 42.25%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Codorus Valley Bancorp by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 421,361 shares of the financial services provider’s stock worth $9,270,000 after purchasing an additional 19,903 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Codorus Valley Bancorp by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 354,914 shares of the financial services provider’s stock valued at $7,808,000 after buying an additional 3,625 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Codorus Valley Bancorp by 2.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 277,453 shares of the financial services provider’s stock valued at $6,104,000 after buying an additional 5,423 shares during the last quarter. Petiole USA ltd bought a new stake in shares of Codorus Valley Bancorp during the 4th quarter valued at about $3,399,000. Finally, Employees Retirement System of Texas grew its position in shares of Codorus Valley Bancorp by 94.5% during the 1st quarter. Employees Retirement System of Texas now owns 88,500 shares of the financial services provider’s stock valued at $1,947,000 after buying an additional 43,000 shares during the last quarter. 51.29% of the stock is owned by institutional investors.

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

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.

Further Reading

Insider Buying and Selling by Quarter for Codorus Valley Bancorp (NASDAQ:CVLY)

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