Codorus Valley Bancorp (NASDAQ:CVLY) Shares Pass Below Two Hundred Day Moving Average of $22.70

Shares of Codorus Valley Bancorp, Inc. (NASDAQ:CVLY - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $22.70 and traded as low as $22.51. Codorus Valley Bancorp shares last traded at $22.65, with a volume of 18,324 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Codorus Valley Bancorp in a research note on Thursday. They set a "hold" rating for the company.

Codorus Valley Bancorp Trading Down 1.6 %

The stock has a market cap of $215.32 million, a price-to-earnings ratio of 9.65 and a beta of 0.56. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.90 and a quick ratio of 0.90. The business's 50 day moving average is $22.20 and its 200 day moving average is $22.70.

Codorus Valley Bancorp (NASDAQ:CVLY - Get Free Report) last announced its quarterly 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 firm had revenue of $21.82 million during the quarter. As a group, equities analysts expect that Codorus Valley Bancorp, Inc. will post 1.75 earnings per share for the current fiscal year.

Codorus Valley Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders 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 dividend yield of 3.05%. Codorus Valley Bancorp's payout ratio is 29.44%.

Institutional Investors Weigh In On Codorus Valley Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its holdings in shares of 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. SG Americas Securities LLC purchased a new position in Codorus Valley Bancorp during the fourth quarter worth about $132,000. Virtu Financial LLC purchased a new position in Codorus Valley Bancorp during the fourth quarter worth about $207,000. Johnson & White Wealth Management LLC purchased a new position in Codorus Valley Bancorp during the fourth quarter worth about $248,000. Finally, Bank of New York Mellon Corp raised its holdings in 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 in the last quarter. 52.05% of the stock is owned by hedge funds and other 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.