Codorus Valley Bancorp (NASDAQ:CVLY) Receives New Coverage from Analysts at StockNews.com

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

Separately, Stephens restated an overweight rating and set a $22.00 price target on shares of Codorus Valley Bancorp in a research note on Wednesday, December 13th.

Codorus Valley Bancorp Trading Up 1.4 %

Shares of Codorus Valley Bancorp stock opened at $22.76 on Thursday. The firm has a market capitalization of $219.41 million, a price-to-earnings ratio of 8.75 and a beta of 0.55. Codorus Valley Bancorp has a fifty-two week low of $16.00 and a fifty-two week high of $25.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a 50 day moving average of $23.07 and a 200 day moving average of $21.85.

Codorus Valley Bancorp (NASDAQ:CVLY) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.64 earnings per share for the quarter. The company 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%. As a group, research analysts predict that Codorus Valley Bancorp will post 1.75 earnings per share for the current year.

Codorus Valley Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Tuesday, January 23rd were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Monday, January 22nd. Codorus Valley Bancorp’s payout ratio is currently 26.15%.

Institutional Trading of Codorus Valley Bancorp

Hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its stake in shares of Codorus Valley Bancorp by 666.0% in 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 raised its stake in shares of Codorus Valley Bancorp by 657.8% in the second quarter. BNP Paribas Arbitrage SNC now owns 2,493 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 2,164 shares in the last quarter. California State Teachers Retirement System acquired a new stake in shares of Codorus Valley Bancorp in the second quarter valued at $63,000. Advisor Group Holdings Inc. raised its stake in Codorus Valley Bancorp by 51.2% in 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 in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Codorus Valley Bancorp by 2,162.0% in the second quarter. Wells Fargo & Company MN now owns 3,755 shares of the financial services provider’s stock valued at $74,000 after buying an additional 3,589 shares in the last quarter. 52.05% of the stock is currently owned by institutional investors and hedge funds.

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.