Insider buying: Director of Codorus Valley Bancorp, Inc. (NASDAQ: CVLY) buys 900 shares

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Codorus Valley Bancorp, Inc. (NASDAQ:CVLY – Get Rating) Director John W. Giambalvo purchased 900 shares of the company in a trade that took place on Wednesday, June 15. The stock was purchased at an average price of $22.77 per share, with a total value of $20,493.00. Following the transaction, the administrator now directly owns 31,844 shares of the company, valued at $725,087.88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of Codorus Valley Bancorp rose $0.03 during Thursday’s trading, hitting $22.76. The stock recorded trading volume of 6,966 shares, compared to an average trading volume of 10,833 shares. The company has a debt ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.92. The company has a fifty-day moving average of $23.05 and a two-hundred-day moving average of $22.31. 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 P/E ratio of 16.03 and a beta of 0.53.

Codorus Valley Bancorp (NASDAQ:CVLY – Get Rating) last reported quarterly earnings data on Thursday, April 28. The financial services provider reported earnings per share (EPS) of $0.32 for the quarter. Codorus Valley Bancorp had a net margin of 15.98% and a return on equity of 7.11%. The company posted revenue of $19.56 million for the quarter.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 10. Shareholders of record on Tuesday, April 26 received a dividend of $0.15 per share. The ex-dividend date was Monday, April 25. This represents a dividend of $0.60 on an annualized basis and a dividend yield of 2.64%. Codorus Valley Bancorp’s dividend payout ratio (DPR) is currently 42.25%.

Several hedge funds and other institutional investors have recently changed their stock holdings. Petiole USA ltd acquired a new position in Codorus Valley Bancorp in Q4 worth approximately $3,399,000. Dimensional Fund Advisors LP increased its holdings of Codorus Valley Bancorp shares by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 348,893 shares of the financial services provider valued at $7,864,000 after buying an additional 2,794 shares last quarter. Geode Capital Management LLC increased its position in Codorus Valley Bancorp by 4.3% in the third quarter. Geode Capital Management LLC now owns 81,073 shares of the financial services provider worth $1,827,000 after acquiring 3,369 additional shares during the period. Marshall Wace LLP bought a new position in Codorus Valley Bancorp during the third quarter, valued at approximately $412,000. Finally, Advisor Group Holdings Inc. increased its position in Codorus Valley Bancorp by 51.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,931 shares of the financial services provider worth $64,000 after buying an additional 992 shares in the last quarter. Institutional investors and hedge funds hold 51.29% of the company’s shares.

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

Codorus Valley Bancorp Company Profile (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.

Further reading

Insider buying and selling by quarter for Codorus Valley Bancorp (NASDAQ:CVLY)

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