StockNews.com Initiates Coverage on Codorus Valley Bancorp (NASDAQ:CVLY)

Equities research analysts at StockNews.com assumed coverage on shares of Codorus Valley Bancorp (NASDAQ:CVLY) in a research report issued on Tuesday. The firm set a “hold” rating on the financial services provider’s stock.

Codorus Valley Bancorp Price Performance

Shares of CVLY opened at $22.40 on Tuesday. The company has a market capitalization of $216.43 million, a P/E ratio of 9.70 and a beta of 0.56. The business’s 50-day moving average is $22.27 and its two-hundred day moving average is $22.48. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.89 and a current ratio of 0.89. Codorus Valley Bancorp has a fifty-two week low of $16.00 and a fifty-two week high of $25.88.

Institutional Investors Weigh In On Codorus Valley Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in CVLY. BNP Paribas Financial Markets lifted its stake in shares of Codorus Valley Bancorp by 62.3% in the 1st quarter. BNP Paribas Financial Markets now owns 4,556 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 1,749 shares during the period. SG Americas Securities LLC acquired a new position in shares of Codorus Valley Bancorp in the fourth quarter worth about $132,000. Virtu Financial LLC purchased a new stake in shares of Codorus Valley Bancorp during the 4th quarter worth about $207,000. Johnson & White Wealth Management LLC purchased a new stake in shares of Codorus Valley Bancorp during the 4th quarter worth about $248,000. Finally, Bank of New York Mellon Corp grew its position in shares of Codorus Valley Bancorp by 2.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 29,986 shares of the financial services provider’s stock valued at $559,000 after acquiring an additional 837 shares during the period. Institutional investors and hedge funds 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.