Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) CEO buys $11,760.00 worth of stock

Codorus Valley Bancorp, Inc. (NASDAQ: CVLY – Get a rating) CEO Craig L. Kauffman acquired 500 shares of the company in a transaction on Wednesday, June 1. The shares were purchased at an average cost of $23.52 per share, for a total transaction of $11,760.00. Following completion of the transaction, the CEO now owns 35,806 shares of the company, valued at approximately $842,157.12. The acquisition was disclosed in a legal filing with the SEC, accessible via this link.

Codorus Valley Bancorp stock traded down $0.15 during trading hours Thursday, hitting $23.55. 6,750 shares of the stock traded in hands, compared to its average volume of 11,463. The company’s 50-day moving average price is $22.81 and its two-hundred-day moving average price is 22, $26. Codorus Valley Bancorp, Inc. has a one-year low of $19.04 and a one-year high of $24.48. The company has a market capitalization of $224.43 million, a PE ratio of 16.58 and a beta of 0.53. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt ratio of 0.28.

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 10. Shareholders of record on Tuesday, April 26 received a dividend of $0.15 per share. The ex-dividend date was Monday, April 25. This represents an annualized dividend of $0.60 and a dividend yield of 2.55%. Codorus Valley Bancorp’s payout ratio is 42.25%.

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This might be one of the best stocks to consider during this bear market period.

Several hedge funds have recently increased or reduced their holdings in CVLY. Marshall Wace LLP increased its holdings of Codorus Valley Bancorp shares by 370.8% in the first quarter. Marshall Wace LLP now owns 6,525 shares of the financial services provider valued at $139,000 after purchasing an additional 5,139 shares in the last quarter. Morgan Stanley increased its holdings of Codorus Valley Bancorp shares by 21.5% during the second quarter. Morgan Stanley now owns 4,770 shares of the financial services provider valued at $96,000 after buying an additional 845 shares in the last quarter. Alliancebernstein LP increased its equity stake in Codorus Valley Bancorp by 87.6% during the third quarter. Alliancebernstein LP now owns 104,896 shares of the financial services provider valued at $2,364,000 after buying an additional 48,970 shares in the last quarter. American Century Companies Inc. increased its holdings of Codorus Valley Bancorp shares by 17.7% during the third quarter. American Century Companies Inc. now owns 21,022 shares of the financial services provider valued at $474,000 after buying 3,154 additional shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Codorus Valley Bancorp by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 81,073 shares of the financial services provider worth $1,827,000 after acquiring 3,369 additional shares in the last quarter. Hedge funds and other institutional investors own 51.29% of the company’s shares.

Separately, StockNews.com began coverage of Codorus Valley Bancorp in a research report on Sunday. They have set a “holding” rating on the stock.

Codorus Valley Bancorp Company Profile (Get a rating)

Codorus Valley Bancorp, Inc operates as a bank holding company for PeoplesBank which provides community banking services. The company accepts demand, money market, term and savings deposits, as well as certificates of deposit. It also offers commercial loans, such as builder and developer, commercial and residential real estate investor, hotel/motel, wholesale and retail, agriculture, manufacturing and other loans; consume loans including residential mortgages, home equity and others.

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