Codorus Valley Bancorp (NASDAQ:CVLY) Now Covered by StockNews.com

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

Codorus Valley Bancorp Stock Up 0.0 %

Shares of CVLY opened at $21.41 on Friday. The company has a market cap of $206.39 million, a PE ratio of 8.23 and a beta of 0.55. The business has a fifty day moving average of $22.48 and a 200 day moving average of $22.15. Codorus Valley Bancorp has a 52-week low of $16.00 and a 52-week high of $25.88. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.21.

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

Codorus Valley Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th will be given a $0.17 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.68 dividend on an annualized basis and a yield of 3.18%. Codorus Valley Bancorp’s dividend payout ratio is presently 26.15%.

Institutional Trading of Codorus Valley Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of CVLY. BlackRock Inc. increased its stake in Codorus Valley Bancorp by 680.8% in the second quarter. BlackRock Inc. now owns 479,990 shares of the financial services provider’s stock worth $9,413,000 after purchasing an additional 418,513 shares during the period. Geode Capital Management LLC increased its stake in Codorus Valley Bancorp by 109.8% in the second quarter. Geode Capital Management LLC now owns 180,215 shares of the financial services provider’s stock worth $3,534,000 after purchasing an additional 94,316 shares during the period. State Street Corp increased its stake in Codorus Valley Bancorp by 151.3% in the second quarter. State Street Corp now owns 131,744 shares of the financial services provider’s stock worth $2,584,000 after purchasing an additional 79,327 shares during the period. Northern Trust Corp increased its stake in Codorus Valley Bancorp by 330.8% in the second quarter. Northern Trust Corp now owns 77,402 shares of the financial services provider’s stock worth $1,518,000 after purchasing an additional 59,434 shares during the period. Finally, Alliancebernstein L.P. increased its stake in Codorus Valley Bancorp by 51.3% in the third quarter. Alliancebernstein L.P. now owns 148,100 shares of the financial services provider’s stock worth $2,790,000 after purchasing an additional 50,210 shares during the period. 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.