Codorus Valley Bancorp Independent Director Acquires 57% More Stock
Whilst it may not be a huge deal, we thought it was good to see that the Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) Independent Director, Scott Fainor, recently bought US$71k worth of stock, for US$19.66 per share. While that isn't the hugest buy, it actually boosted their shareholding by 57%, which is good to see.
Check out our latest analysis for Codorus Valley Bancorp
The Last 12 Months Of Insider Transactions At Codorus Valley Bancorp
Notably, that recent purchase by Scott Fainor is the biggest insider purchase of Codorus Valley Bancorp shares that we've seen in the last year. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$19.53). Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
In the last twelve months insiders purchased 27.03k shares for US$550k. On the other hand they divested 1.20k shares, for US$25k. 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!
Codorus Valley Bancorp is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Codorus Valley Bancorp Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. From our data, it seems that Codorus Valley Bancorp insiders own 5.0% of the company, worth about US$9.4m. Whilst better than nothing, we're not overly impressed by these holdings.
So What Do The Codorus Valley Bancorp Insider Transactions Indicate?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Codorus Valley Bancorp stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Codorus Valley Bancorp. Case in point: We've spotted 1 warning sign for Codorus Valley Bancorp you should be aware of.
But note: Codorus Valley Bancorp may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
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.
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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.
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