Codorus Valley Bancorp (NASDAQ:CVLY) Now Covered by Analysts at StockNews.com

StockNews.com initiated 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.

Codorus Valley Bancorp Stock Down 1.6 %

Shares of Codorus Valley Bancorp stock opened at $22.29 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.90 and a current ratio of 0.90. Codorus Valley Bancorp has a 52-week low of $17.36 and a 52-week high of $25.88. The stock has a market capitalization of $215.32 million, a price-to-earnings ratio of 9.65 and a beta of 0.56. The company’s 50 day moving average price is $22.21 and its 200-day moving average price is $22.69.

Codorus Valley Bancorp (NASDAQ:CVLY) last issued its earnings results on Thursday, April 25th. The financial services provider reported $0.45 earnings per share (EPS) 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 for the quarter. Equities research analysts forecast that Codorus Valley Bancorp will post 1.75 EPS for the current year.

Codorus Valley Bancorp Announces Dividend

The firm 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. This represents a $0.68 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend was Monday, May 6th. Codorus Valley Bancorp’s payout ratio is 29.44%.

Institutional Trading of Codorus Valley Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in Codorus Valley Bancorp in the fourth quarter worth $132,000. Johnson & White Wealth Management LLC purchased a new stake in Codorus Valley Bancorp in the fourth quarter worth $248,000. Bank of New York Mellon Corp lifted its stake in 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 worth $559,000 after acquiring an additional 837 shares during the period. Vanguard Group Inc. lifted its stake in Codorus Valley Bancorp by 0.7% in the first quarter. Vanguard Group Inc. now owns 525,446 shares of the financial services provider’s stock worth $11,959,000 after acquiring an additional 3,419 shares during the period. Finally, Virtu Financial LLC lifted its stake in Codorus Valley Bancorp by 459.7% in the first quarter. Virtu Financial LLC now owns 45,160 shares of the financial services provider’s stock worth $1,028,000 after acquiring an additional 37,092 shares during the period. 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.