Eidelman Virant Capital lifted its holdings in Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) by 4.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 55,230 shares of the financial services provider’s stock after purchasing an additional 2,207 shares during the period. Eidelman Virant Capital’s holdings in Codorus Valley Bancorp were worth $1,520,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in CVLY. Maltese Capital Management LLC lifted its position in shares of Codorus Valley Bancorp by 15.5% in the 3rd quarter. Maltese Capital Management LLC now owns 400,540 shares of the financial services provider’s stock worth $12,301,000 after purchasing an additional 53,683 shares during the period. FMR LLC lifted its position in Codorus Valley Bancorp by 3.9% during the second quarter. FMR LLC now owns 757,370 shares of the financial services provider’s stock valued at $21,509,000 after acquiring an additional 28,146 shares during the last quarter. State Street Corp lifted its position in Codorus Valley Bancorp by 18.8% during the second quarter. State Street Corp now owns 140,509 shares of the financial services provider’s stock valued at $3,994,000 after acquiring an additional 22,285 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Codorus Valley Bancorp by 9.7% during the second quarter. Dimensional Fund Advisors LP now owns 113,708 shares of the financial services provider’s stock valued at $3,229,000 after acquiring an additional 10,043 shares during the last quarter. Finally, Stifel Financial Corp purchased a new stake in Codorus Valley Bancorp during the third quarter valued at approximately $201,000. 50.05% of the stock is owned by hedge funds and other institutional investors.
In other Codorus Valley Bancorp news, COO A Dwight Utz sold 14,302 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $29.50, for a total transaction of $421,909.00. Following the transaction, the chief operating officer now owns 6,262 shares in the company, valued at approximately $184,729. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Harry R. Esq Swift sold 1,832 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $28.50, for a total transaction of $52,212.00. Following the transaction, the director now owns 7,952 shares in the company, valued at approximately $226,632. The disclosure for this sale can be found here. Corporate insiders own 4.72% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Tuesday, January 23rd will be paid a dividend of $0.155 per share. This is a positive change from Codorus Valley Bancorp’s previous quarterly dividend of $0.14. The ex-dividend date is Monday, January 22nd. This represents a $0.62 dividend on an annualized basis and a yield of 2.21%. Codorus Valley Bancorp’s dividend payout ratio is presently 46.89%.
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Codorus Valley Bancorp Profile
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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