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

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

Codorus Valley Bancorp Price Performance

CVLY stock opened at $24.04 on Tuesday. The company has a fifty day moving average price of $22.35 and a 200-day moving average price of $22.99. The company has a market capitalization of $232.27 million, a P/E ratio of 10.41 and a beta of 0.56. Codorus Valley Bancorp has a 52-week low of $17.62 and a 52-week high of $25.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.90 and a current ratio of 0.90.

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

Codorus Valley Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 14th. Shareholders of record on Tuesday, May 7th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend was Monday, May 6th. Codorus Valley Bancorp’s payout ratio is 29.44%.

Institutional Investors Weigh In On Codorus Valley Bancorp

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in Codorus Valley Bancorp in the fourth quarter worth $132,000. Johnson & White Wealth Management LLC acquired a new stake in Codorus Valley Bancorp in the fourth quarter worth $248,000. Virtu Financial LLC acquired a new stake in Codorus Valley Bancorp in the fourth quarter worth $207,000. Vanguard Group Inc. grew its holdings in Codorus Valley Bancorp by 0.7% in the first quarter. Vanguard Group Inc. now owns 525,446 shares of the financial services provider’s stock worth $11,959,000 after purchasing an additional 3,419 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings 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 worth $104,000 after purchasing an additional 1,749 shares during the period. 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.