U.S. markets closed
  • S&P Futures

    3,974.50
    +4.25 (+0.11%)
     
  • Dow Futures

    33,880.00
    +9.00 (+0.03%)
     
  • Nasdaq Futures

    11,629.00
    +12.75 (+0.11%)
     
  • Russell 2000 Futures

    1,836.90
    +4.10 (+0.22%)
     
  • Crude Oil

    76.85
    -0.39 (-0.50%)
     
  • Gold

    1,739.70
    -0.60 (-0.03%)
     
  • Silver

    20.90
    -0.02 (-0.10%)
     
  • EUR/USD

    1.0339
    -0.0005 (-0.05%)
     
  • 10-Yr Bond

    3.7030
    +0.0120 (+0.33%)
     
  • Vix

    22.21
    +1.71 (+8.34%)
     
  • GBP/USD

    1.1957
    -0.0008 (-0.07%)
     
  • USD/JPY

    139.2490
    +0.3480 (+0.25%)
     
  • BTC-USD

    16,186.57
    -212.27 (-1.29%)
     
  • CMC Crypto 200

    379.57
    -0.72 (-0.19%)
     
  • FTSE 100

    7,474.02
    -12.65 (-0.17%)
     
  • Nikkei 225

    27,957.07
    -205.76 (-0.73%)
     

Bullish insiders at Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) loaded up on US$502k of stock earlier this year

Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of Codorus Valley Bancorp, Inc. (NASDAQ:CVLY), it sends a favourable message to the company's shareholders.

Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.

Check out our latest analysis for Codorus Valley Bancorp

Codorus Valley Bancorp Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by Independent Director John Giambalvo for US$100k worth of shares, at about US$21.35 per share. That implies that an insider found the current price of US$22.51 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider purchases were made at close to current prices.

In the last twelve months insiders purchased 22.90k shares for US$502k. But they sold 191.00 shares for US$4.5k. Overall, Codorus Valley Bancorp insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
insider-trading-volume

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Codorus Valley Bancorp Insiders Bought Stock Recently

There has been significantly more insider buying, than selling, at Codorus Valley Bancorp, over the last three months. Insiders spent US$143k on shares. But insider Kristen Heisey sold shares worth US$4.5k. Insiders have spent more buying shares than they have selling, so on balance we think they are are probably optimistic.

Insider Ownership of Codorus Valley Bancorp

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Codorus Valley Bancorp insiders own about US$10m worth of shares. That equates to 4.7% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Codorus Valley Bancorp Insiders?

It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. Given that insiders also own a fair bit of Codorus Valley Bancorp we think they are probably pretty confident of a bright future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For example, Codorus Valley Bancorp has 2 warning signs (and 1 which is a bit concerning) we think you should know about.

Of course Codorus Valley Bancorp may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.