Codorus Valley Bancorp (NASDAQ:CVLY) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Codorus Valley Bancorp (NASDAQ:CVLY) in a research report released on Sunday. The brokerage issued a hold rating on the financial services provider’s stock.

Codorus Valley Bancorp Stock Up 4.6 %

Codorus Valley Bancorp stock opened at $22.34 on Friday. The company’s 50 day simple moving average is $22.44 and its 200 day simple moving average is $22.22. Codorus Valley Bancorp has a fifty-two week low of $16.00 and a fifty-two week high of $25.88. The firm has a market capitalization of $215.36 million, a price-to-earnings ratio of 8.59 and a beta of 0.55. 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 firm 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, sell-side analysts anticipate that Codorus Valley Bancorp will post 1.75 EPS for the current year.

Codorus Valley Bancorp Announces Dividend

The firm also recently disclosed 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 3.04%. Codorus Valley Bancorp’s dividend payout ratio (DPR) is presently 26.15%.

Institutional Trading of Codorus Valley Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its holdings 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 purchasing an additional 1,665 shares during the last quarter. BNP Paribas Arbitrage SNC raised its holdings 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 purchasing an additional 2,164 shares during the last quarter. Advisor Group Holdings Inc. raised its holdings in shares of 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 purchasing an additional 992 shares during the last quarter. California State Teachers Retirement System acquired a new stake in shares of Codorus Valley Bancorp in the second quarter valued at approximately $63,000. Finally, Bank of America Corp DE raised its holdings in shares of Codorus Valley Bancorp by 70.4% in the first quarter. Bank of America Corp DE now owns 3,598 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 1,487 shares during the last quarter. 52.05% of the stock is currently owned by institutional investors and hedge funds.

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.