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

StockNews.com initiated coverage on shares of Codorus Valley Bancorp (NASDAQ:CVLY) in a note issued to investors on Monday. The brokerage set a “hold” rating on the financial services provider’s stock.

Codorus Valley Bancorp Price Performance

Shares of CVLY opened at $22.20 on Monday. The stock has a market capitalization of $214.45 million, a P/E ratio of 9.61 and a beta of 0.55. Codorus Valley Bancorp has a twelve month low of $16.00 and a twelve month high of $25.88. The company has a 50 day moving average of $22.34 and a 200-day moving average of $22.36. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.21.

Hedge Funds Weigh In On Codorus Valley Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in CVLY. Bank of New York Mellon Corp grew its stake in shares of Codorus Valley Bancorp by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 29,986 shares of the financial services provider’s stock valued at $559,000 after buying an additional 837 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Codorus Valley Bancorp in the fourth quarter valued at $132,000. Johnson & White Wealth Management LLC bought a new position in shares of Codorus Valley Bancorp in the fourth quarter valued at $248,000. Finally, Virtu Financial LLC bought a new position in shares of Codorus Valley Bancorp in the fourth quarter valued at $207,000. 52.05% of the stock is owned by 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.