Stock analysts at StockNews.com started coverage on shares of Codorus Valley Bancorp (NASDAQ:CVLY – Get Free Report) in a research report issued on Thursday. The firm set a “hold” rating on the financial services provider’s stock.
Separately, Stephens restated an “overweight” rating and set a $22.00 price objective on shares of Codorus Valley Bancorp in a report on Wednesday, December 13th.
View Our Latest Research Report on CVLY
Codorus Valley Bancorp Trading Up 1.4 %
Codorus Valley Bancorp (NASDAQ:CVLY – Get Free Report) last issued its earnings results on Thursday, January 25th. The financial services provider reported $0.64 earnings per share for the quarter. The business had revenue of $23.41 million during the quarter. Codorus Valley Bancorp had a return on equity of 13.65% and a net margin of 19.25%. Research analysts forecast that Codorus Valley Bancorp will post 1.75 earnings per share for the current year.
Institutional Investors Weigh In On Codorus Valley Bancorp
Hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its holdings in shares of Codorus Valley Bancorp by 666.0% during the third quarter. Tower Research Capital LLC TRC now owns 1,915 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 1,665 shares in the last quarter. BNP Paribas Arbitrage SNC boosted its position in shares of Codorus Valley Bancorp by 657.8% during the second quarter. BNP Paribas Arbitrage SNC now owns 2,493 shares of the financial services provider’s stock valued at $49,000 after buying an additional 2,164 shares during the last quarter. Advisor Group Holdings Inc. boosted its position in shares of Codorus Valley Bancorp by 51.2% during the first quarter. Advisor Group Holdings Inc. now owns 2,931 shares of the financial services provider’s stock valued at $64,000 after buying an additional 992 shares during the last quarter. California State Teachers Retirement System purchased a new position in shares of Codorus Valley Bancorp during the second quarter valued at approximately $63,000. Finally, Bank of America Corp DE boosted its position in shares of Codorus Valley Bancorp by 70.4% during the first quarter. Bank of America Corp DE now owns 3,598 shares of the financial services provider’s stock valued at $75,000 after buying an additional 1,487 shares during the last quarter. Institutional investors own 52.05% of the company’s stock.
Codorus Valley Bancorp Company Profile
Codorus Valley Bancorp, Inc operates as the bank holding company for the PeoplesBank that provides community banking services in South Central Pennsylvania and Central Maryland. The company accepts demand, money market, time, and savings deposits, as well as certificates of deposit and checking account.
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