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

Equities research analysts at StockNews.com began coverage on shares of Codorus Valley Bancorp (NASDAQ:CVLY) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Codorus Valley Bancorp Price Performance

Shares of NASDAQ CVLY opened at $24.04 on Tuesday. Codorus Valley Bancorp has a 12-month low of $17.62 and a 12-month high of $25.88. The stock has a market cap of $232.27 million, a PE ratio of 10.41 and a beta of 0.56. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average of $22.32 and a 200 day moving average of $22.98.

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. Codorus Valley Bancorp had a net margin of 16.66% and a return on equity of 12.01%. The company had revenue of $21.82 million during the quarter. As a group, sell-side analysts predict that Codorus Valley Bancorp will post 1.75 EPS for the current fiscal year.

Institutional Trading of Codorus Valley Bancorp

Several hedge funds have recently made changes to their positions in the company. Virtu Financial LLC grew its stake in shares of Codorus Valley Bancorp by 459.7% in the 1st quarter. Virtu Financial LLC now owns 45,160 shares of the financial services provider’s stock valued at $1,028,000 after buying an additional 37,092 shares during the period. Vanguard Group Inc. grew its stake in shares of Codorus Valley Bancorp by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 525,446 shares of the financial services provider’s stock valued at $11,959,000 after buying an additional 3,419 shares during the period. Empowered Funds LLC grew its stake in shares of Codorus Valley Bancorp by 7.8% in the 1st quarter. Empowered Funds LLC now owns 48,104 shares of the financial services provider’s stock valued at $1,095,000 after buying an additional 3,500 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Codorus Valley Bancorp by 62.3% in the 1st quarter. BNP Paribas Financial Markets now owns 4,556 shares of the financial services provider’s stock valued at $104,000 after buying an additional 1,749 shares during the period. Finally, Johnson & White Wealth Management LLC purchased a new stake in shares of Codorus Valley Bancorp in the 4th quarter valued at approximately $248,000. 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.