Codorus Valley Bancorp (NASDAQ:CVLY) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Codorus Valley Bancorp (NASDAQ:CVLY - Free Report) in a research note released on Thursday morning. The firm issued a hold rating on the financial services provider's stock.

Codorus Valley Bancorp Stock Performance

Shares of NASDAQ CVLY traded down $0.36 during midday trading on Thursday, hitting $22.29. 22,832 shares of the company's stock were exchanged, compared to its average volume of 24,028. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.21. Codorus Valley Bancorp has a 12 month low of $17.36 and a 12 month high of $25.88. The company's 50 day moving average price is $22.20 and its 200 day moving average price is $22.70. The firm has a market capitalization of $215.32 million, a PE ratio of 9.65 and a beta of 0.56.

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

Codorus Valley Bancorp Announces Dividend

The business also recently disclosed 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 of this dividend was Monday, May 6th. This represents a $0.68 annualized dividend and a yield of 3.05%. Codorus Valley Bancorp's dividend payout ratio is presently 29.44%.

Hedge Funds Weigh In On Codorus Valley Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in Codorus Valley Bancorp in the 4th quarter valued at $132,000. Johnson & White Wealth Management LLC acquired a new position in Codorus Valley Bancorp in the 4th quarter valued at $248,000. Bank of New York Mellon Corp raised its holdings in Codorus Valley Bancorp by 2.9% in 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 acquiring an additional 837 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Codorus Valley Bancorp by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 525,446 shares of the financial services provider's stock worth $11,959,000 after buying an additional 3,419 shares in the last quarter. Finally, Virtu Financial LLC raised its holdings in shares of Codorus Valley Bancorp by 459.7% during the 1st quarter. Virtu Financial LLC now owns 45,160 shares of the financial services provider's stock worth $1,028,000 after buying an additional 37,092 shares in the last quarter. 52.05% of the stock is owned by institutional investors and hedge funds.

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.