Larry J. Miller Sells 3,665 Shares of Codorus Valley Bancorp, Inc. (CVLY) Stock

Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) CEO Larry J. Miller sold 3,665 shares of the stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $23.96, for a total transaction of $87,813.40. Following the transaction, the chief executive officer now directly owns 123,776 shares of the company’s stock, valued at approximately $2,965,672.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of NASDAQ CVLY traded down $0.31 during mid-day trading on Friday, hitting $24.01. 15,913 shares of the company’s stock traded hands, compared to its average volume of 8,364. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $217.83 million, a price-to-earnings ratio of 11.99 and a beta of 0.57. Codorus Valley Bancorp, Inc. has a 1 year low of $23.20 and a 1 year high of $33.45.

Codorus Valley Bancorp (NASDAQ:CVLY) last announced its earnings results on Thursday, October 18th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter. The firm had revenue of $19.74 million for the quarter. Codorus Valley Bancorp had a net margin of 18.33% and a return on equity of 11.54%.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 13th. Stockholders of record on Tuesday, October 23rd were given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Monday, October 22nd.

CVLY has been the subject of several research reports. BidaskClub raised shares of Codorus Valley Bancorp from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 11th. ValuEngine downgraded shares of Codorus Valley Bancorp from a “hold” rating to a “sell” rating in a report on Monday, October 22nd.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. MetLife Investment Advisors LLC raised its position in shares of Codorus Valley Bancorp by 55.2% during the 3rd quarter. MetLife Investment Advisors LLC now owns 7,004 shares of the financial services provider’s stock valued at $219,000 after buying an additional 2,490 shares in the last quarter. BlackRock Inc. raised its position in shares of Codorus Valley Bancorp by 0.8% during the 3rd quarter. BlackRock Inc. now owns 440,374 shares of the financial services provider’s stock valued at $13,757,000 after buying an additional 3,280 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Codorus Valley Bancorp by 3,368.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,468 shares of the financial services provider’s stock valued at $106,000 after buying an additional 3,368 shares in the last quarter. LSV Asset Management purchased a new stake in shares of Codorus Valley Bancorp during the 2nd quarter valued at about $184,000. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Codorus Valley Bancorp by 49.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 19,632 shares of the financial services provider’s stock valued at $603,000 after buying an additional 6,466 shares in the last quarter. Hedge funds and other institutional investors own 54.77% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Larry J. Miller Sells 3,665 Shares of Codorus Valley Bancorp, Inc. (CVLY) Stock” was originally reported by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be read at https://www.com-unik.info/2018/12/01/larry-j-miller-sells-3665-shares-of-codorus-valley-bancorp-inc-cvly-stock.html.

Codorus Valley Bancorp Company Profile

Codorus Valley Bancorp, Inc operates as the bank holding company for the PeoplesBank that provides various business and consumer banking services. The company accepts demand, money market, time, and savings deposits. It also offers commercial real estate loans; industrial loans; 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.

Further Reading: What is dollar cost averaging (DCA)?

Insider Buying and Selling by Quarter for Codorus Valley Bancorp (NASDAQ:CVLY)

Receive News & Ratings for Codorus Valley Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Codorus Valley Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit