PL Capital Advisors LLC Sells 5,000 Shares of Codorus Valley Bancorp, Inc. (NASDAQ:CVLY)

PL Capital Advisors LLC trimmed its stake in Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,552 shares of the financial services provider’s stock after selling 5,000 shares during the period. Codorus Valley Bancorp comprises about 0.7% of PL Capital Advisors LLC’s investment portfolio, making the stock its 29th largest position. PL Capital Advisors LLC owned 0.77% of Codorus Valley Bancorp worth $1,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the stock. Johnson & White Wealth Management LLC bought a new stake in Codorus Valley Bancorp in the fourth quarter valued at $248,000. SG Americas Securities LLC bought a new stake in Codorus Valley Bancorp in the fourth quarter valued at $132,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Codorus Valley Bancorp by 2.9% during the third 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.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Codorus Valley Bancorp in a report on Sunday, April 21st. They set a “hold” rating on the stock.

Codorus Valley Bancorp Trading Up 0.3 %

NASDAQ:CVLY opened at $22.47 on Friday. Codorus Valley Bancorp, Inc. has a 1-year low of $16.00 and a 1-year high of $25.88. The business’s 50-day moving average price is $22.36 and its two-hundred day moving average price is $22.32. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $217.06 million, a price-to-earnings ratio of 9.73 and a beta of 0.55.

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. The firm had revenue of $23.41 million for the quarter. Codorus Valley Bancorp had a return on equity of 12.19% and a net margin of 16.66%. On average, equities analysts expect that Codorus Valley Bancorp, Inc. will post 1.75 earnings per share for the current year.

Codorus Valley Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend is Monday, May 6th. Codorus Valley Bancorp’s dividend payout ratio is currently 29.44%.

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.