Insider Buying: Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) Director Acquires 2,000 Shares of Stock

Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) Director John W. Giambalvo bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were acquired at an average cost of $12.26 per share, for a total transaction of $24,520.00.

Codorus Valley Bancorp stock traded down $0.08 during mid-day trading on Wednesday, hitting $12.17. 2,695 shares of the company’s stock traded hands, compared to its average volume of 16,678. Codorus Valley Bancorp, Inc. has a fifty-two week low of $10.62 and a fifty-two week high of $24.63. The stock has a market cap of $118.75 million, a price-to-earnings ratio of 12.60 and a beta of 0.62. The firm has a 50 day simple moving average of $13.35 and a two-hundred day simple moving average of $16.17. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.00 and a quick ratio of 1.00.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Tuesday, July 28th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Monday, July 27th.

Hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew its position in shares of Codorus Valley Bancorp by 3.8% in the first quarter. Geode Capital Management LLC now owns 124,196 shares of the financial services provider’s stock valued at $1,999,000 after purchasing an additional 4,589 shares during the last quarter. Rhumbline Advisers grew its holdings in Codorus Valley Bancorp by 52.6% in the 1st quarter. Rhumbline Advisers now owns 23,266 shares of the financial services provider’s stock valued at $375,000 after buying an additional 8,020 shares in the last quarter. Nuveen Asset Management LLC increased its position in Codorus Valley Bancorp by 5.0% during the 1st quarter. Nuveen Asset Management LLC now owns 36,954 shares of the financial services provider’s stock worth $594,000 after buying an additional 1,743 shares during the period. Citigroup Inc. lifted its holdings in shares of Codorus Valley Bancorp by 48.5% during the first quarter. Citigroup Inc. now owns 2,815 shares of the financial services provider’s stock worth $45,000 after buying an additional 920 shares in the last quarter. Finally, Franklin Resources Inc. bought a new stake in shares of Codorus Valley Bancorp in the first quarter valued at about $645,000. Hedge funds and other institutional investors own 51.21% of the company’s stock.

Codorus Valley Bancorp Company Profile

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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Insider Buying and Selling by Quarter for Codorus Valley Bancorp (NASDAQ:CVLY)

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