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

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

Codorus Valley Bancorp Trading Up 1.3 %

Shares of CVLY opened at $22.55 on Friday. The business’s 50-day moving average price is $22.41 and its 200 day moving average price is $22.27. The stock has a market capitalization of $217.83 million, a P/E ratio of 8.67 and a beta of 0.55. Codorus Valley Bancorp has a 1-year low of $16.00 and a 1-year high of $25.88. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.21.

Codorus Valley Bancorp (NASDAQ:CVLY) last released its earnings results on Thursday, January 25th. The financial services provider reported $0.64 earnings per share for the quarter. Codorus Valley Bancorp had a return on equity of 13.65% and a net margin of 19.25%. The company had revenue of $23.41 million for the quarter. Analysts expect that Codorus Valley Bancorp will post 1.75 earnings per share for the current year.

Codorus Valley Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, May 7th will be paid a dividend of $0.17 per share. The ex-dividend date is Monday, May 6th. This represents a $0.68 annualized dividend and a yield of 3.02%. Codorus Valley Bancorp’s dividend payout ratio (DPR) is presently 26.15%.

Institutional Investors Weigh In On Codorus Valley Bancorp

Several institutional investors have recently made changes to their positions in CVLY. Johnson & White Wealth Management LLC acquired a new stake in shares of Codorus Valley Bancorp during the 4th quarter valued at about $248,000. Virtu Financial LLC acquired a new stake in shares of Codorus Valley Bancorp during the 4th quarter valued at about $207,000. SG Americas Securities LLC acquired a new stake in shares of Codorus Valley Bancorp during the 4th quarter valued at about $132,000. Finally, Bank of New York Mellon Corp lifted its holdings in Codorus Valley Bancorp by 2.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 29,986 shares of the financial services provider’s stock worth $559,000 after purchasing an additional 837 shares during the last quarter. 52.05% of the stock is currently owned by institutional investors and hedge funds.

About Codorus Valley Bancorp

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.