SG Americas Securities LLC Buys New Holdings in Codorus Valley Bancorp, Inc. (NASDAQ:CVLY)

SG Americas Securities LLC bought a new stake in Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,139 shares of the financial services provider’s stock, valued at approximately $132,000. SG Americas Securities LLC owned approximately 0.05% of Codorus Valley Bancorp as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Codorus Valley Bancorp by 2.1% in the third quarter. Vanguard Group Inc. now owns 515,503 shares of the financial services provider’s stock valued at $9,609,000 after acquiring an additional 10,568 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Codorus Valley Bancorp by 1.0% in the third quarter. The Manufacturers Life Insurance Company now owns 294,780 shares of the financial services provider’s stock valued at $5,495,000 after acquiring an additional 2,959 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in 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 worth $36,000 after purchasing an additional 1,665 shares in the last quarter. Rhumbline Advisers raised its holdings in Codorus Valley Bancorp by 4.7% during the third quarter. Rhumbline Advisers now owns 10,941 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 494 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Codorus Valley Bancorp by 2.9% during the third quarter. Bank of New York Mellon Corp now owns 29,986 shares of the financial services provider’s stock worth $559,000 after purchasing an additional 837 shares in the last quarter. Institutional investors and hedge funds own 52.05% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Codorus Valley Bancorp in a report on Saturday, April 13th. They set a “hold” rating on the stock.

Codorus Valley Bancorp Stock Performance

Shares of Codorus Valley Bancorp stock opened at $21.37 on Thursday. The firm’s fifty day simple moving average is $22.47 and its 200-day simple moving average is $22.14. The stock has a market capitalization of $206.01 million, a price-to-earnings ratio of 8.22 and a beta of 0.55. Codorus Valley Bancorp, Inc. has a 12 month low of $16.00 and a 12 month high of $25.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.89 and a quick ratio of 0.89.

Codorus Valley Bancorp (NASDAQ:CVLY) last announced its earnings results on Thursday, January 25th. The financial services provider reported $0.64 EPS for the quarter. The business had revenue of $23.41 million for the quarter. Codorus Valley Bancorp had a net margin of 19.25% and a return on equity of 13.65%. As a group, equities analysts forecast that Codorus Valley Bancorp, Inc. will post 1.75 earnings per share for the current year.

Codorus Valley Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.18%. Codorus Valley Bancorp’s payout ratio is 26.15%.

Codorus Valley Bancorp 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.