StockNews.com began coverage on shares of Codorus Valley Bancorp (NASDAQ:CVLY – Free Report) in a report released on Thursday. The brokerage issued a hold rating on the financial services provider’s stock.
Codorus Valley Bancorp Price Performance
CVLY opened at $22.30 on Thursday. The company’s 50-day simple moving average is $22.21 and its two-hundred day simple moving average is $22.72. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $215.42 million, a P/E ratio of 9.65 and a beta of 0.56. Codorus Valley Bancorp has a 52-week low of $17.36 and a 52-week high of $25.88.
Codorus Valley Bancorp (NASDAQ:CVLY – Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.45 earnings per share for the quarter. Codorus Valley Bancorp had a net margin of 16.66% and a return on equity of 12.01%. The firm had revenue of $21.82 million during the quarter. As a group, analysts predict that Codorus Valley Bancorp will post 1.75 EPS for the current year.
Codorus Valley Bancorp Announces Dividend
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp increased 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 purchasing an additional 837 shares during the last quarter. BNP Paribas Financial Markets grew its position in Codorus Valley Bancorp by 62.3% during the first quarter. BNP Paribas Financial Markets now owns 4,556 shares of the financial services provider’s stock valued at $104,000 after buying an additional 1,749 shares during the period. Vanguard Group Inc. increased its holdings in Codorus Valley Bancorp by 0.7% during the first quarter. Vanguard Group Inc. now owns 525,446 shares of the financial services provider’s stock valued at $11,959,000 after buying an additional 3,419 shares during the last quarter. Empowered Funds LLC raised its position in Codorus Valley Bancorp by 7.8% in the first quarter. Empowered Funds LLC now owns 48,104 shares of the financial services provider’s stock worth $1,095,000 after acquiring an additional 3,500 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Codorus Valley Bancorp during the 4th quarter worth $132,000. 52.05% of the stock is owned by hedge funds and other institutional investors.
About Codorus Valley Bancorp
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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