Codorus Valley Bancorp (NASDAQ:CVLY) Given Coverage Optimism Rating of 0.16

Media stories about Codorus Valley Bancorp (NASDAQ:CVLY) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Codorus Valley Bancorp earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 47.0602331647347 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

CVLY stock traded up $0.73 during trading hours on Wednesday, reaching $29.29. The company had a trading volume of 6,894 shares, compared to its average volume of 9,031. The stock has a market cap of $258.93, a P/E ratio of 22.15 and a beta of 0.68. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.79. Codorus Valley Bancorp has a 12-month low of $23.96 and a 12-month high of $34.75.

Codorus Valley Bancorp (NASDAQ:CVLY) last released its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter. The firm had revenue of $18.76 million for the quarter. Codorus Valley Bancorp had a return on equity of 9.12% and a net margin of 14.65%.

Codorus Valley Bancorp declared that its Board of Directors has authorized a stock repurchase plan on Thursday, February 15th that authorizes the company to repurchase 490% of outstanding shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

In related news, Director John W. Giambalvo bought 1,754 shares of the stock in a transaction on Thursday, February 1st. The shares were bought at an average cost of $28.50 per share, for a total transaction of $49,989.00. Following the purchase, the director now owns 4,633 shares of the company’s stock, valued at approximately $132,040.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Macgregor S. Jones sold 1,000 shares of Codorus Valley Bancorp stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $26.20, for a total value of $26,200.00. The disclosure for this sale can be found here. Insiders sold a total of 3,432 shares of company stock worth $93,700 over the last quarter. Company 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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