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

StockNews.com started coverage on shares of Codorus Valley Bancorp (NASDAQ:CVLY) in a research report sent to investors on Friday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Codorus Valley Bancorp Price Performance

Shares of Codorus Valley Bancorp stock opened at $24.04 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $232.27 million, a PE ratio of 10.41 and a beta of 0.56. Codorus Valley Bancorp has a 52-week low of $17.62 and a 52-week high of $25.88. The company has a 50-day simple moving average of $22.87 and a two-hundred day simple moving average of $22.85.

Codorus Valley Bancorp (NASDAQ:CVLY) last released its quarterly earnings data 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. On average, analysts anticipate that Codorus Valley Bancorp will post 1.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CVLY. BNP Paribas Financial Markets raised its holdings in shares of Codorus Valley Bancorp by 62.3% during the first quarter. BNP Paribas Financial Markets now owns 4,556 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 1,749 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Codorus Valley Bancorp during the fourth quarter valued at approximately $132,000. Virtu Financial LLC purchased a new stake in Codorus Valley Bancorp during the fourth quarter valued at approximately $207,000. Bank of New York Mellon Corp increased its holdings in Codorus Valley Bancorp by 14.9% during the second quarter. Bank of New York Mellon Corp now owns 29,358 shares of the financial services provider’s stock valued at $706,000 after buying an additional 3,802 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in Codorus Valley Bancorp by 7.8% during the first quarter. Empowered Funds LLC now owns 48,104 shares of the financial services provider’s stock valued at $1,095,000 after buying an additional 3,500 shares during the last quarter. 52.05% of the stock is owned by hedge funds and other institutional investors.

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.