Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) COO Buys $223,200.00 in Stock

Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) COO Craig L. Kauffman acquired 10,000 shares of the stock in a transaction on Monday, December 2nd. The stock was bought at an average cost of $22.32 per share, for a total transaction of $223,200.00. Following the transaction, the chief operating officer now owns 13,633 shares of the company’s stock, valued at approximately $304,288.56. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of CVLY stock opened at $22.00 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.52. The firm has a market cap of $213.97 million, a P/E ratio of 11.76 and a beta of 0.67. The company has a 50 day moving average of $21.81 and a 200-day moving average of $22.19. Codorus Valley Bancorp, Inc. has a 12-month low of $19.65 and a 12-month high of $24.90.

Codorus Valley Bancorp (NASDAQ:CVLY) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.52 EPS for the quarter. Codorus Valley Bancorp had a return on equity of 10.02% and a net margin of 18.77%. The business had revenue of $19.49 million for the quarter.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, October 22nd were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date was Monday, October 21st.

Several institutional investors and hedge funds have recently modified their holdings of CVLY. JPMorgan Chase & Co. lifted its position in shares of Codorus Valley Bancorp by 9.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,575 shares of the financial services provider’s stock valued at $124,000 after buying an additional 484 shares during the last quarter. Marshall Wace LLP increased its holdings 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 acquiring an additional 5,139 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Codorus Valley Bancorp in the third quarter worth about $224,000. Rhumbline Advisers grew its stake in Codorus Valley Bancorp by 9.7% in the 3rd quarter. Rhumbline Advisers now owns 14,595 shares of the financial services provider’s stock valued at $339,000 after buying an additional 1,288 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Codorus Valley Bancorp by 5.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 21,744 shares of the financial services provider’s stock valued at $501,000 after purchasing an additional 1,131 shares during the period. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Separately, ValuEngine upgraded shares of Codorus Valley Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.

About Codorus Valley Bancorp

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. It also offers commercial real estate, industrial, and construction loans; commercial loans, such as builder and developer, commercial and residential real estate investor, hotel/motel, wholesale and retail, agriculture, manufacturing, and other loans; and consumer loans, including residential mortgage, home equity, and other loans.

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