Codorus Valley Bancorp (NASDAQ:CVLY) Upgraded to “Hold” at ValuEngine

ValuEngine upgraded shares of Codorus Valley Bancorp (NASDAQ:CVLY) from a sell rating to a hold rating in a research report report published on Wednesday, ValuEngine reports.

CVLY stock traded up $0.05 during mid-day trading on Wednesday, reaching $22.55. The company had a trading volume of 7,666 shares, compared to its average volume of 14,912. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $211.80 million, a P/E ratio of 11.81 and a beta of 0.68. Codorus Valley Bancorp has a one year low of $19.65 and a one year high of $32.00. The stock’s 50-day simple moving average is $22.63 and its two-hundred day simple moving average is $22.12.

Codorus Valley Bancorp (NASDAQ:CVLY) last posted its earnings results on Thursday, July 18th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter. The company had revenue of $19.89 million for the quarter. Codorus Valley Bancorp had a return on equity of 10.16% and a net margin of 18.78%.

In related news, Director Dallas L. Smith sold 2,674 shares of Codorus Valley Bancorp stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $22.32, for a total transaction of $59,683.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Macgregor S. Jones sold 3,000 shares of Codorus Valley Bancorp stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $23.00, for a total value of $69,000.00. The disclosure for this sale can be found here. Insiders have sold 7,674 shares of company stock worth $174,684 over the last three months. Corporate insiders own 3.90% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in CVLY. BNP Paribas Arbitrage SA grew its holdings in Codorus Valley Bancorp by 449.9% during the first quarter. BNP Paribas Arbitrage SA now owns 1,908 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 1,561 shares during the period. SG Americas Securities LLC acquired a new position in Codorus Valley Bancorp during the first quarter worth about $164,000. Banc Funds Co. LLC grew its holdings in Codorus Valley Bancorp by 2.6% during the first quarter. Banc Funds Co. LLC now owns 634,155 shares of the financial services provider’s stock worth $13,539,000 after acquiring an additional 16,161 shares during the period. Marshall Wace LLP grew its holdings in Codorus Valley Bancorp by 370.8% during the first quarter. Marshall Wace LLP now owns 6,525 shares of the financial services provider’s stock worth $139,000 after acquiring an additional 5,139 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Codorus Valley Bancorp by 9.5% during the second quarter. JPMorgan Chase & Co. now owns 5,575 shares of the financial services provider’s stock worth $124,000 after acquiring an additional 484 shares during the period. 51.42% of the stock is currently owned by hedge funds and other institutional investors.

About Codorus Valley Bancorp

Codorus Valley Bancorp, Inc operates as the bank holding company for the PeoplesBank that provides community banking services. The company accepts demand, money market, time, and savings deposits. It also offers commercial real estate, industrial, and construction loans; commercial loans, such as builder and developer, commercial and residential real estate investor, hotel/motel, wholesale and retail, agriculture, manufacturing, and other loans; and consumer loans, including residential mortgage, home equity, and other loans.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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