Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) Sees Large Increase in Short Interest

Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 28,400 shares, a growth of 16.9% from the May 31st total of 24,300 shares. Based on an average trading volume of 35,600 shares, the days-to-cover ratio is presently 0.8 days.

Codorus Valley Bancorp Price Performance

Codorus Valley Bancorp stock traded up $1.14 during trading hours on Friday, hitting $24.04. 710,316 shares of the company traded hands, compared to its average volume of 55,001. The firm’s 50-day simple moving average is $22.22 and its two-hundred day simple moving average is $22.99. The firm has a market cap of $232.23 million, a P/E ratio of 10.41 and a beta of 0.56. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.21. Codorus Valley Bancorp has a 1-year low of $17.62 and a 1-year high of $25.88.

Codorus Valley Bancorp (NASDAQ:CVLY) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter. The company had revenue of $21.82 million for the quarter. Codorus Valley Bancorp had a net margin of 16.66% and a return on equity of 12.01%. As a group, analysts forecast that Codorus Valley Bancorp will post 1.75 earnings per share for the current fiscal year.

Codorus Valley Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend was Monday, May 6th. Codorus Valley Bancorp’s dividend payout ratio (DPR) is currently 29.44%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CVLY. BNP Paribas Financial Markets boosted its holdings in shares of 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 purchasing an additional 1,749 shares during the period. SG Americas Securities LLC acquired a new stake in Codorus Valley Bancorp in the fourth quarter valued at approximately $132,000. Virtu Financial LLC acquired a new stake in Codorus Valley Bancorp in the fourth quarter valued at approximately $207,000. Johnson & White Wealth Management LLC acquired a new stake in Codorus Valley Bancorp in the fourth quarter valued at approximately $248,000. Finally, Empowered Funds LLC lifted its stake in Codorus Valley Bancorp by 7.8% in the first quarter. Empowered Funds LLC now owns 48,104 shares of the financial services provider’s stock valued at $1,095,000 after acquiring an additional 3,500 shares during the last quarter. 52.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Codorus Valley Bancorp in a research report on Monday, June 24th. They issued a “hold” rating on the 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.