Codorus Valley Bancorp, Inc. (NASDAQ: CVLY – Get a rating) Director John W. Giambalvo bought 588 shares of the company in a trade on Friday, September 30. The shares were purchased at an average price of $18.98 per share, with a total value of $11,160.24. Following completion of the transaction, the director now directly owns 36,580 shares of the company, valued at $694,288.40. The acquisition was disclosed in an SEC filing, available at this hyperlink.
Price performance of Codorus Valley Bancorp
NASDAQ:CVLY shares rose $0.23 on Tuesday, hitting $19.08. 131 shares of the company were traded, against an average volume of 33,912. Codorus Valley Bancorp, Inc. has a fifty-two week low of $18.70 and a fifty-two week high of $24.48. The company’s 50-day moving average is $20.36 and its 200-day moving average is $21.92. The stock has a market capitalization of $182.02 million, a PE ratio of 14.61 and a beta of 0.49. The company has a debt ratio of 0.24, a current ratio of 0.90 and a quick ratio of 0.90.
Codorus Valley Bancorp (NASDAQ:CVLY – Get a rating) last announced its results on Thursday, July 28. The financial services provider reported earnings per share (EPS) of $0.20 for the quarter. Codorus Valley Bancorp had a net margin of 14.06% and a return on equity of 6.63%. The company posted revenue of $21.65 million for the quarter.
Codorus Valley Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 9. Shareholders of record on Tuesday, July 26 received a dividend of $0.15 per share. This represents an annualized dividend of $0.60 and a yield of 3.14%. The ex-dividend date was Monday, July 25. Codorus Valley Bancorp’s dividend payout ratio (DPR) is currently 46.51%.
Codorus Valley Bancorp Institutional Trading
Several large investors have recently increased or reduced their stake in CVLY. Financial Counselors Inc. acquired a new position in shares of Codorus Valley Bancorp in the first quarter worth $677,000. Advisor Group Holdings Inc. increased its stake in Codorus Valley Bancorp shares by 51.2% in the first quarter. Advisor Group Holdings Inc. now owns 2,931 shares of the financial services provider worth $64,000 after acquiring 992 additional shares in the last quarter. Hazlett Burt & Watson Inc. acquired a new position in shares of Codorus Valley Bancorp in the first quarter worth $117,000. Salzhauer Michael increased his stake in Codorus Valley Bancorp shares by 23.8% in the first quarter. Salzhauer Michael now owns 29,602 shares of the financial services provider worth $651,000 after acquiring an additional 5,700 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Codorus Valley Bancorp shares by 29.7% in the first quarter. American Century Companies Inc. now owns 37,893 shares of the financial services provider worth $834,000 after acquiring 8,667 additional shares in the last quarter. 53.43% of the shares are held by institutional investors and hedge funds.
Wall Street analysts predict growth
A number of equity research analysts have recently commented on the company. StockNews.com alleged coverage of Codorus Valley Bancorp in a Friday, August 12 research report. They set a “hold” rating for the company. TheStreet downgraded Codorus Valley Bancorp from a ‘b’ rating to a ‘c+’ rating in a Monday, August 29 research report.
Codorus Valley Bancorp Company Profile
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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