Codorus Valley Bancorp, Inc. (NASDAQ: CVLY – Get a rating) CEO Craig L. Kauffman purchased 500 shares of the company in a trade that took place on Wednesday, June 15. The shares were acquired at an average cost of $23.18 per share, for a total transaction of $11,590.00. Following the acquisition, the CEO now directly owns 36,306 shares of the company, valued at $841,573.08. The purchase was disclosed in an SEC filing, which is available via this hyperlink.
Shares of CVLY opened at $22.76 on Thursday. Codorus Valley Bancorp, Inc. has a fifty-two week low of $19.60 and a fifty-two week high of $24.48. The company has a market capitalization of $216.86 million, a price-earnings ratio of 16.03 and a beta of 0.53. The company has a 50-day simple moving average of $23.05 and a 200-day simple moving average of $22.31. The company has a debt ratio of 0.28, a quick ratio of 0.92 and a current ratio of 0.92.
Codorus Valley Bancorp (NASDAQ:CVLY – Get a rating) last announced its results on Thursday, April 28. The financial services provider reported earnings per share of $0.32 for the quarter. The company had revenue of $19.56 million in the quarter. Codorus Valley Bancorp had a net margin of 15.98% and a return on equity of 7.11%.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 10. Investors of record on Tuesday, April 26 received a dividend of $0.15. The ex-dividend date was Monday, April 25. This represents a dividend of $0.60 on an annualized basis and a yield of 2.64%. Codorus Valley Bancorp’s payout ratio is currently 42.25%.
Large investors have recently made changes to their positions in the stock. Advisor Group Holdings Inc. increased its position in Codorus Valley Bancorp by 51.2% in the first quarter. Advisor Group Holdings Inc. now owns 2,931 shares of the financial services provider valued at $64,000 after purchasing an additional 992 shares during the period. Morgan Stanley increased its stake in Codorus Valley Bancorp by 21.5% in the second quarter. Morgan Stanley now owns 4,770 shares of the financial services provider valued at $96,000 after buying an additional 845 shares last quarter. Hazlett Burt & Watson Inc. bought a new position in Codorus Valley Bancorp in the first quarter, valued at around $117,000. Marshall Wace LLP increased its stake in Codorus Valley Bancorp by 370.8% in the first quarter. Marshall Wace LLP now owns 6,525 shares of the financial services provider valued at $139,000 after buying an additional 5,139 shares last quarter. Finally, Citadel Advisors LLC bought a new position in Codorus Valley Bancorp in the third quarter worth approximately $280,000. Hedge funds and other institutional investors own 51.29% of the company’s shares.
Separately, StockNews.com began covering shares of Codorus Valley Bancorp in a research note on Tuesday. They set a “hold” rating for the company.
About Codorus Valley Bancorp (Get a rating)
Codorus Valley Bancorp, Inc operates as a bank holding company for PeoplesBank which provides community banking services. The company accepts demand, money market, term 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 mortgages, home equity and others.
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