Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) COO Craig L. Kauffman purchased 10,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were bought at an average price of $22.32 per share, for a total transaction of $223,200.00. Following the completion of the transaction, the chief operating officer now directly owns 13,633 shares in the company, valued at approximately $304,288.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
NASDAQ CVLY traded up $0.28 during trading hours on Wednesday, hitting $21.70. The company had a trading volume of 115 shares, compared to its average volume of 12,787. Codorus Valley Bancorp, Inc. has a fifty-two week low of $19.65 and a fifty-two week high of $24.90. 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 business has a fifty day simple moving average of $21.84 and a 200-day simple moving average of $22.20. The firm has a market cap of $209.20 million, a P/E ratio of 11.76 and a beta of 0.67.
Codorus Valley Bancorp (NASDAQ:CVLY) last announced its quarterly earnings results on Thursday, October 17th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter. Codorus Valley Bancorp had a net margin of 18.77% and a return on equity of 10.02%. The company had revenue of $19.49 million during the quarter.
Several hedge funds have recently added to or reduced their stakes in CVLY. Marshall Wace LLP lifted its position 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 valued at $139,000 after purchasing an additional 5,139 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in 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 purchasing an additional 484 shares during the period. Charles Schwab Investment Management Inc. grew its position in Codorus Valley Bancorp by 5.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 21,744 shares of the financial services provider’s stock worth $501,000 after purchasing an additional 1,131 shares during the last quarter. Northern Trust Corp grew its position in Codorus Valley Bancorp by 3.6% in the 2nd quarter. Northern Trust Corp now owns 98,648 shares of the financial services provider’s stock worth $2,268,000 after purchasing an additional 3,424 shares during the last quarter. Finally, BlackRock Inc. increased its stake in shares of Codorus Valley Bancorp by 1.5% in the second quarter. BlackRock Inc. now owns 466,972 shares of the financial services provider’s stock valued at $10,741,000 after purchasing an additional 7,101 shares during the period. 49.54% of the stock is currently owned by institutional investors and hedge funds.
Separately, ValuEngine upgraded Codorus Valley Bancorp from a “sell” rating to a “hold” rating in a research report 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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