Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) Brief Interest Update

Codorus Valley Bancorp, Inc. (NASDAQ:CVLY – Get Rating) was the target of a significant increase in short-term interest in September. As of September 30, there was selling interest totaling 14,100 shares, an increase of 17.5% from the September 15 total of 12,000 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume of 29,900 shares, the day-to-cover ratio is currently 0.5 days.

Insider buying and selling

In other news, Director Scott V. Fainor purchased 1,650 shares of the company in a trade that took place on Monday, August 22. The shares were acquired at an average cost of $20.35 per share, with a total value of $33,577.50. Following completion of the transaction, the administrator now directly owns 4,900 shares of the company, valued at $99,715. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other Codorus Valley Bancorp news, Director Scott V. Fainor purchased 1,650 shares of the company in a transaction on Monday August 22. The stock was purchased at an average price of $20.35 per share, for a total transaction of $33,577.50. Following the completion of the purchase, the administrator now directly owns 4,900 shares of the company, valued at $99,715. The purchase was disclosed in a document filed with the SEC, which can be accessed on the SEC’s website. Additionally, SVP Scott R. Campagna sold 1,200 shares of the company in a trade dated Monday, August 15. The stock was sold at an average price of $21.00, for a total transaction of $25,200.00. Following the transaction, the senior vice president now owns 6,230 shares of the company, valued at approximately $130,830. The disclosure of this sale can be found here. Insiders have purchased a total of 4,988 shares of the company valued at $100,563 over the past three months. 4.09% of the shares are held by company insiders.

Codorus Valley Bancorp Institutional Trading

Several hedge funds have recently increased or reduced their holdings in CVLY. Financial Counselors Inc. acquired a new stake in Codorus Valley Bancorp during Q1 valued at approximately $677,000. Advisor Group Holdings Inc. increased its stake in Codorus Valley Bancorp by 51.2% in Q1. Advisor Group Holdings Inc. now owns 2,931 shares of the financial services provider valued at $64,000 after acquiring 992 additional shares in the last quarter. Hazlett Burt & Watson Inc. acquired a new position in Codorus Valley Bancorp in Q1 worth $117,000. Salzhauer Michael increased its stake in Codorus Valley Bancorp by 23.8% in the 1st quarter. Salzhauer Michael now owns 29,602 shares of the financial services provider valued at $651,000 after acquiring an additional 5,700 shares last quarter. Finally, American Century Companies Inc. increased its stake in Codorus Valley Bancorp by 29.7% in the 1st quarter. American Century Companies Inc. now owns 37,893 shares of the financial services provider valued at $834,000 after acquiring 8,667 additional shares last quarter. 53.43% of the shares are held by institutional investors and hedge funds.

Codorus Valley Bancorp Stock up 1.0%

CVLY stock traded at $0.19 at midday on Friday, hitting $20.19. The company had a trading volume of 4,950 shares, compared to an average volume of 31,473. The company has a leverage ratio of 0.24, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a 50-day simple moving average of $19.93 and a 200-day simple moving average of $21.73. The company has a market capitalization of $192.61 million, a price/earnings ratio of 15.65 and a beta of 0.50. Codorus Valley Bancorp has a 52 week minimum of $18.66 and a 52 week maximum of $24.48.

Codorus Valley Bancorp (NASDAQ:CVLY – Get Rating) last released its results on Thursday July 28th. The financial services provider reported EPS of $0.20 for the quarter. Codorus Valley Bancorp had a return on equity of 6.63% and a net margin of 14.06%. The company had revenue of $21.65 million in the quarter.

Codorus Valley Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 8. Investors of record on Tuesday, October 25 will receive a dividend of $0.15 per share. The ex-dividend date is Monday, October 24. This represents an annualized dividend of $0.60 and a yield of 2.97%. Codorus Valley Bancorp’s payout ratio is currently 46.51%.

A Wall Street analyst gives his opinion

Several equity research analysts have published reports on CVLY shares. StockNews.com began covering Codorus Valley Bancorp in a report on Wednesday. They issued a “hold” rating for the company. TheStreet downgraded Codorus Valley Bancorp from a ‘b’ to a ‘c+’ rating in a Monday, August 29 research report.

Codorus Valley Bancorp Company Profile

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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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