Codorus Valley Bancorp, Inc. (NASDAQ: CVLY) Announces Quarterly Dividend of $0.15

Codorus Valley Bancorp, Inc. (NASDAQ:CVLY – Get Rating) announced a quarterly dividend on Tuesday, July 12, Zacks reports. Shareholders of record on Tuesday, July 26 will receive a dividend of 0.15 per share from the financial services provider on Tuesday, August 9. This represents an annualized dividend of $0.60 and a dividend yield of 2.67%. The ex-date of this dividend is Monday, July 25.

Codorus Valley Bancorp has decreased its dividend payout by an average of 3.3% per year over the past three years and has increased its dividend annually for the past 1 consecutive years.

NASDAQ:CVLY shares opened at $22.48 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a leverage ratio of 0.28. Codorus Valley Bancorp has a 52-week low of $20.76 and a 52-week high of $24.48. The stock’s fifty-day simple moving average is $22.68 and its 200-day simple moving average is $22.42. The company has a market capitalization of $214.19 million, a P/E ratio of 15.83 and a beta of 0.53.

Codorus Valley Bancorp (NASDAQ:CVLY – Get Rating) last released quarterly earnings data on Thursday, April 28. The financial services provider reported earnings per share (EPS) of $0.32 for the quarter. Codorus Valley Bancorp achieved a return on equity of 7.11% and a net margin of 15.98%. The company posted revenue of $19.56 million for the quarter.

Separately, SVP Stephen M. Altland sold 2,391 shares of the company in a trade dated Thursday, June 16. The stock was sold at an average price of $22.50, for a total value of $53,797.50. Following the transaction, the senior vice president now directly owns 17,795 shares of the company, valued at approximately $400,387.50. The transaction was disclosed in a document filed with the SEC, which can be accessed on the SEC’s website. Additionally, SVP Matthew A. Clemens sold 1,196 shares of the company in a trade dated Wednesday, May 25. The stock was sold at an average price of $22.67, for a total value of $27,113.32. Following the completion of the transaction, the senior vice president now owns 24,748 shares of the company, valued at $561,037.16. The disclosure of this sale can be found here. During the last quarter, insiders bought 4,757 shares of the company worth $109,560 and sold 5,769 shares worth $129,358. Company insiders hold 4.09% of the company’s shares.

Hedge funds have recently been buying and selling shares of the company. Advisor Group Holdings Inc. increased its stake in Codorus Valley Bancorp shares by 51.2% in the first quarter. Advisor Group Holdings Inc. now owns 2,931 shares of the financial services provider valued at $64,000 after buying an additional 992 shares last quarter. American Century Companies Inc. increased its stake in Codorus Valley Bancorp shares by 29.7% in the first quarter. American Century Companies Inc. now owns 37,893 shares of the financial services provider valued at $834,000 after buying 8,667 additional shares last quarter. The Texas Employee Retirement System increased its stake in Codorus Valley Bancorp shares to 94.5% in the first quarter. Employees Retirement System of Texas now owns 88,500 shares of the financial services provider valued at $1,947,000 after buying an additional 43,000 shares last quarter. The Manufacturers Life Insurance Company increased its stake in Codorus Valley Bancorp shares by 2.0% in the first quarter. The Manufacturers Life Insurance Company now owns 277,453 shares of the financial services provider valued at $6,104,000 after buying an additional 5,423 shares last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Codorus Valley Bancorp shares by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 354,914 shares of the financial services provider valued at $7,808,000 after buying an additional 3,625 shares last quarter. Institutional investors and hedge funds hold 51.29% of the company’s shares.

Separately, StockNews.com began covering Codorus Valley Bancorp in a research report on Friday, July 8. They have set a “holding” rating on the stock.

Codorus Valley Bancorp Company Profile (Get an assessment)

Codorus Valley Bancorp, Inc operates as a bank holding company for PeoplesBank which provides community banking services. The company accepts demand, money market, term and savings deposits, as well as certificates of deposit. It also offers commercial loans, such as builder and developer, commercial and residential real estate investor, hotel/motel, wholesale and retail, agriculture, manufacturing and other loans; consume loans including residential mortgages, home equity and others.

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Dividend History for Codorus Valley Bancorp (NASDAQ:CVLY)

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