Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) Plans Quarterly Dividend of $0.16

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Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) announced a quarterly dividend on Wednesday, October 9th, Zacks reports. Stockholders of record on Tuesday, October 22nd will be paid a dividend of 0.16 per share by the financial services provider on Tuesday, December 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Monday, October 21st.

Shares of CVLY stock opened at $22.40 on Friday. The firm has a market cap of $210.58 million, a P/E ratio of 11.65 and a beta of 0.68. Codorus Valley Bancorp has a fifty-two week low of $19.65 and a fifty-two week high of $29.94. The business’s 50 day moving average price is $22.72 and its 200-day moving average price is $22.16. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.03.

Codorus Valley Bancorp (NASDAQ:CVLY) last issued its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.52 earnings per share for the quarter. The firm had revenue of $19.49 million for the quarter. Codorus Valley Bancorp had a return on equity of 10.11% and a net margin of 18.77%.

In other news, Director Macgregor S. Jones sold 2,000 shares of Codorus Valley Bancorp stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $23.00, for a total value of $46,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Dallas L. Smith sold 2,674 shares of Codorus Valley Bancorp stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $22.32, for a total value of $59,683.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,674 shares of company stock worth $174,684. Corporate insiders own 3.90% of the company’s stock.

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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Dividend History for Codorus Valley Bancorp (NASDAQ:CVLY)

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