Codorus Valley Bancorp, Inc (NASDAQ:CVLY) Posts Quarterly Earnings Results
Codorus Valley Bancorp, Inc (NASDAQ:CVLY) announced its quarterly earnings results on Thursday. The financial services provider reported $0.43 earnings per share for the quarter, Bloomberg Earnings reports. The company had revenue of $17.47 million during the quarter. Codorus Valley Bancorp had a return on equity of 8.82% and a net margin of 18.51%.
Codorus Valley Bancorp (CVLY) opened at 28.00 on Friday. The stock has a market capitalization of $236.26 million, a PE ratio of 17.28 and a beta of 0.55. The stock has a 50 day moving average price of $27.49 and a 200 day moving average price of $26.89. Codorus Valley Bancorp has a 12 month low of $19.00 and a 12 month high of $29.56.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 8th. Stockholders of record on Tuesday, July 25th will be given a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Friday, July 21st. Codorus Valley Bancorp’s dividend payout ratio (DPR) is presently 33.69%.
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In related news, Director John W. Giambalvo acquired 945 shares of Codorus Valley Bancorp stock in a transaction dated Friday, April 28th. The stock was purchased at an average cost of $29.05 per share, for a total transaction of $27,452.25. Following the purchase, the director now directly owns 1,473 shares of the company’s stock, valued at approximately $42,790.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Harry R. Esq Swift sold 3,344 shares of the company’s stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $29.08, for a total value of $97,243.52. Following the completion of the sale, the director now owns 7,877 shares of the company’s stock, valued at $229,063.16. The disclosure for this sale can be found here. Insiders sold a total of 5,974 shares of company stock valued at $170,798 over the last 90 days. 4.16% of the stock is currently owned by company insiders.
Codorus Valley Bancorp Company 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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