Codorus Valley Bancorp (NASDAQ:CVLY) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Codorus Valley Bancorp (NASDAQ:CVLY) in a report issued on Monday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Codorus Valley Bancorp Trading Up 0.9 %

NASDAQ CVLY opened at $22.42 on Monday. Codorus Valley Bancorp has a 1-year low of $17.62 and a 1-year high of $25.88. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average of $22.15 and a 200-day moving average of $22.96. The firm has a market cap of $216.58 million, a PE ratio of 9.71 and a beta of 0.56.

Codorus Valley Bancorp (NASDAQ:CVLY) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.45 EPS for the quarter. Codorus Valley Bancorp had a return on equity of 12.01% and a net margin of 16.66%. The business had revenue of $21.82 million during the quarter. As a group, sell-side analysts forecast that Codorus Valley Bancorp will post 1.75 EPS for the current year.

Codorus Valley Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.68 annualized dividend and a dividend yield of 3.03%. Codorus Valley Bancorp’s payout ratio is currently 29.44%.

Institutional Trading of Codorus Valley Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its stake in Codorus Valley Bancorp by 62.3% during 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 last quarter. Vanguard Group Inc. raised 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 acquiring an additional 3,419 shares during the period. Empowered Funds LLC grew its position in shares of Codorus Valley Bancorp by 7.8% during the first quarter. Empowered Funds LLC now owns 48,104 shares of the financial services provider’s stock valued at $1,095,000 after purchasing an additional 3,500 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Codorus Valley Bancorp during the fourth quarter valued at about $132,000. Finally, Virtu Financial LLC purchased a new position in shares of Codorus Valley Bancorp during the fourth quarter valued at about $207,000. Hedge funds and other 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.