Codorus Valley Bancorp, Inc (CVLY) Announces $0.14 Quarterly Dividend
Codorus Valley Bancorp, Inc (NASDAQ:CVLY) declared a quarterly dividend on Thursday, July 13th, Wall Street Journal reports. Shareholders of record on Tuesday, July 25th will be given a dividend of 0.135 per share by the financial services provider on Tuesday, August 8th. This represents a $0.54 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Friday, July 21st.
Codorus Valley Bancorp (NASDAQ CVLY) traded down 1.16% on Thursday, hitting $28.15. 2,484 shares of the company’s stock traded hands. The stock has a market cap of $237.53 million, a P/E ratio of 17.38 and a beta of 0.55. The stock has a 50 day moving average price of $26.68 and a 200-day moving average price of $26.90. Codorus Valley Bancorp has a 12 month low of $19.00 and a 12 month high of $29.56.
Codorus Valley Bancorp (NASDAQ:CVLY) last released its quarterly earnings results on Thursday, April 20th. The financial services provider reported $0.40 earnings per share for the quarter. Codorus Valley Bancorp had a return on equity of 8.82% and a net margin of 18.51%. The company had revenue of $16.74 million for the quarter.
In other Codorus Valley Bancorp news, SVP Matthew A. Clemens sold 1,358 shares of the stock in a transaction on Monday, June 19th. The stock was sold at an average price of $27.00, for a total value of $36,666.00. Following the sale, the senior vice president now owns 8,020 shares in the company, valued at $216,540. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, General Counsel Benjamin F. Riggs, Jr. sold 1,272 shares of the stock in a transaction on Monday, May 1st. The stock was sold at an average price of $29.00, for a total value of $36,888.00. Following the completion of the sale, the general counsel now owns 3,182 shares in the company, valued at approximately $92,278. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,974 shares of company stock worth $170,798. Insiders own 4.16% of the company’s stock.
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About Codorus Valley Bancorp
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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