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 research note released on Tuesday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Codorus Valley Bancorp Price Performance

Codorus Valley Bancorp stock opened at $22.49 on Tuesday. The company has a market capitalization of $217.30 million, a price-to-earnings ratio of 9.74 and a beta of 0.56. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.21. Codorus Valley Bancorp has a 12 month low of $16.00 and a 12 month high of $25.88. The stock’s 50 day moving average is $22.27 and its 200-day moving average is $22.49.

Codorus Valley Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, May 7th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.02%. The ex-dividend date is Monday, May 6th. Codorus Valley Bancorp’s payout ratio is 29.44%.

Institutional Investors Weigh In On Codorus Valley Bancorp

A number of institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets increased 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 worth $104,000 after acquiring an additional 1,749 shares during the period. SG Americas Securities LLC acquired a new position in shares of Codorus Valley Bancorp during the 4th quarter worth approximately $132,000. Virtu Financial LLC bought a new position in shares of Codorus Valley Bancorp during the fourth quarter worth approximately $207,000. Johnson & White Wealth Management LLC acquired a new stake in shares of Codorus Valley Bancorp in the fourth quarter valued at approximately $248,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Codorus Valley Bancorp by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 29,986 shares of the financial services provider’s stock valued at $559,000 after buying an additional 837 shares during the period. Institutional investors own 52.05% of the company’s stock.

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.