Investors who take an interest in Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) should definitely note that the Executive VP, Craig Kauffman, recently paid US$22.32 per share to buy US$223k worth of the stock. We reckon that's a good sign, especially since the purchase boosted their holding by 190%.
Codorus Valley Bancorp Insider Transactions Over The Last Year
Notably, that recent purchase by Craig Kauffman 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$22.00). Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
Happily, we note that in the last year insiders paid US$404k for 18908.7 shares. On the other hand they divested 6835.5 shares, for US$148k. In the last twelve months there was more buying than selling by Codorus Valley Bancorp insiders. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
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).
Does Codorus Valley Bancorp Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. From our data, it seems that Codorus Valley Bancorp insiders own 3.8% of the company, worth about US$8.0m. Whilst better than nothing, we're not overly impressed by these holdings.
So What Does This Data Suggest About Codorus Valley Bancorp Insiders?
It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Codorus Valley Bancorp insiders are reasonably well aligned, and optimistic for the future. To put this in context, take a look at how a company has performed in the past. You can access this detailed graph of past earnings, revenue and cash flow.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.
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