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 research note issued to investors on Thursday. The brokerage issued a hold rating on the financial services provider’s stock.

Codorus Valley Bancorp Price Performance

Shares of NASDAQ CVLY opened at $22.30 on Thursday. 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 market capitalization of $215.42 million, a price-to-earnings ratio of 9.65 and a beta of 0.56. Codorus Valley Bancorp has a twelve month low of $17.36 and a twelve month high of $25.88. The business has a 50 day simple moving average of $22.21 and a 200-day simple moving average of $22.74.

Codorus Valley Bancorp (NASDAQ:CVLY) last released its earnings results on Thursday, April 25th. The financial services provider reported $0.45 earnings per share for the quarter. The firm had revenue of $21.82 million during the quarter. Codorus Valley Bancorp had a net margin of 16.66% and a return on equity of 12.01%. As a group, equities research analysts expect that Codorus Valley Bancorp will post 1.75 earnings per share for the current year.

Codorus Valley Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Shareholders of record on Tuesday, May 7th were issued a $0.17 dividend. The ex-dividend date was Monday, May 6th. This represents a $0.68 dividend on an annualized basis and a yield of 3.05%. Codorus Valley Bancorp’s dividend payout ratio is currently 29.44%.

Hedge Funds Weigh In On Codorus Valley Bancorp

Institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its position in Codorus Valley Bancorp by 2.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 29,986 shares of the financial services provider’s stock valued at $559,000 after purchasing an additional 837 shares during the period. BNP Paribas Financial Markets lifted its stake in Codorus Valley Bancorp by 62.3% in the first 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 last quarter. Vanguard Group Inc. boosted its holdings in shares of Codorus Valley Bancorp by 0.7% during the first quarter. Vanguard Group Inc. now owns 525,446 shares of the financial services provider’s stock valued at $11,959,000 after acquiring an additional 3,419 shares during the period. Empowered Funds LLC grew its position in shares of Codorus Valley Bancorp by 7.8% during the first quarter. Empowered Funds LLC now owns 48,104 shares of the financial services provider’s stock worth $1,095,000 after acquiring an additional 3,500 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Codorus Valley Bancorp in the 4th quarter worth about $132,000. 52.05% of the stock is owned by institutional investors.

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.