Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) Director Harry R. Esq Swift sold 600 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $25.48, for a total value of $15,288.00. Following the transaction, the director now owns 5,565 shares of the company’s stock, valued at $141,796.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Codorus Valley Bancorp, Inc. (NASDAQ CVLY) opened at $26.45 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $229.75, a P/E ratio of 15.84 and a beta of 0.65. Codorus Valley Bancorp, Inc. has a 52-week low of $23.96 and a 52-week high of $34.75.
Codorus Valley Bancorp (NASDAQ:CVLY) last issued its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter. The business had revenue of $18.76 million during the quarter. Codorus Valley Bancorp had a return on equity of 9.16% and a net margin of 14.65%.
Codorus Valley Bancorp declared that its Board of Directors has initiated a stock buyback program on Thursday, February 15th that allows the company to buyback 490% of shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.
Hedge funds and other institutional investors have recently modified their holdings of the company. Banc Funds Co. LLC raised its holdings in Codorus Valley Bancorp by 6.4% during the fourth quarter. Banc Funds Co. LLC now owns 808,299 shares of the financial services provider’s stock worth $22,252,000 after purchasing an additional 48,870 shares in the last quarter. Maltese Capital Management LLC raised its holdings in Codorus Valley Bancorp by 12.2% during the fourth quarter. Maltese Capital Management LLC now owns 449,462 shares of the financial services provider’s stock worth $12,374,000 after purchasing an additional 48,922 shares in the last quarter. BlackRock Inc. raised its holdings in Codorus Valley Bancorp by 6.1% during the fourth quarter. BlackRock Inc. now owns 401,347 shares of the financial services provider’s stock worth $11,050,000 after purchasing an additional 23,221 shares in the last quarter. Vanguard Group Inc. raised its holdings in Codorus Valley Bancorp by 2.0% during the second quarter. Vanguard Group Inc. now owns 277,204 shares of the financial services provider’s stock worth $7,873,000 after purchasing an additional 5,531 shares in the last quarter. Finally, Endicott Management Co. raised its holdings in Codorus Valley Bancorp by 5.0% during the fourth quarter. Endicott Management Co. now owns 243,634 shares of the financial services provider’s stock worth $6,707,000 after purchasing an additional 11,601 shares in the last quarter. Institutional investors and hedge funds own 52.57% of the company’s stock.
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About Codorus Valley Bancorp
Codorus Valley Bancorp, Inc is a bank holding company. The Company provides a range of banking services through its subsidiary, PeoplesBank, A Codorus Valley Company (PeoplesBank). The Company operates through the community banking segment. PeoplesBank is a chartered bank that offers a range of business and consumer banking services.
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