Codorus Valley Bancorp (CVLY) Receiving Somewhat Positive News Coverage, Analysis Shows

News coverage about Codorus Valley Bancorp (NASDAQ:CVLY) has been trending somewhat positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Codorus Valley Bancorp earned a daily sentiment score of 0.04 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 47.7426346209719 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Shares of Codorus Valley Bancorp (NASDAQ CVLY) traded down $0.05 during trading hours on Wednesday, reaching $27.66. 489 shares of the company traded hands, compared to its average volume of 8,028. The company has a market cap of $260.13, a P/E ratio of 20.92 and a beta of 0.68. Codorus Valley Bancorp has a one year low of $23.96 and a one year high of $34.75. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.04 and a quick ratio of 1.04.

Codorus Valley Bancorp (NASDAQ:CVLY) last issued its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.48 EPS for the quarter. The company had revenue of $18.76 million for the quarter. Codorus Valley Bancorp had a net margin of 14.65% and a return on equity of 9.16%.

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, January 23rd were paid a $0.155 dividend. This is an increase from Codorus Valley Bancorp’s previous quarterly dividend of $0.14. This represents a $0.62 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Monday, January 22nd. Codorus Valley Bancorp’s dividend payout ratio is currently 46.89%.

Codorus Valley Bancorp declared that its Board of Directors has approved a share buyback program on Thursday, February 15th that authorizes the company to repurchase 490% of outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

In other Codorus Valley Bancorp news, COO A Dwight Utz sold 14,302 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $29.50, for a total value of $421,909.00. Following the transaction, the chief operating officer now directly owns 6,262 shares in the company, valued at approximately $184,729. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Macgregor S. Jones sold 1,000 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $26.20, for a total transaction of $26,200.00. The disclosure for this sale can be found here. Insiders sold a total of 17,734 shares of company stock worth $515,609 over the last 90 days. Insiders own 4.72% of the company’s stock.

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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.

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

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