Codorus Valley Bancorp (CVLY) Receives Daily News Impact Score of 0.16
Media stories about Codorus Valley Bancorp (NASDAQ:CVLY) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Codorus Valley Bancorp earned a news impact score of 0.16 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 47.0602331647347 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Citing tax cuts, PeoplesBank forms charitable foundation (cpbj.com)
- Codorus Valley Bancorp, Inc. Establishes Charitable Foundation (markets.financialcontent.com)
- Stock Buyback Program Approved by Codorus Valley Bancorp (CVLY) Board (americanbankingnews.com)
- Codorus Valley Bancorp approved a repurchase up to 4.9% of common stock (seekingalpha.com)
- Codorus Valley Bancorp, Inc. Approves New Share Repurchase Program (markets.financialcontent.com)
Shares of Codorus Valley Bancorp (CVLY) traded up $0.70 during midday trading on Thursday, reaching $26.40. 2,100 shares of the company traded hands, compared to its average volume of 8,043. The firm has a market cap of $228.33, a P/E ratio of 19.96 and a beta of 0.65. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.82. Codorus Valley Bancorp has a 1-year low of $23.96 and a 1-year high of $34.75.
Codorus Valley Bancorp declared that its Board of Directors has initiated a stock buyback program on Thursday, February 15th that authorizes the company to buyback 490% of outstanding shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Tuesday, January 23rd were given a dividend of $0.155 per share. This is an increase from Codorus Valley Bancorp’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, January 22nd. This represents a $0.62 annualized dividend and a yield of 2.35%. Codorus Valley Bancorp’s dividend payout ratio is 46.89%.
In related 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 transaction of $421,909.00. Following the transaction, the chief operating officer now owns 6,262 shares in the company, valued at approximately $184,729. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Harry R. Esq Swift sold 1,832 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $28.50, for a total transaction of $52,212.00. Following the transaction, the director now owns 7,952 shares in the company, valued at $226,632. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,134 shares of company stock worth $500,321. 4.16% of the stock is owned by corporate insiders.
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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