StockNews.com Initiates Coverage on Codorus Valley Bancorp (NASDAQ:CVLY)

StockNews.com initiated coverage on shares of Codorus Valley Bancorp (NASDAQ:CVLY) in a report published on Tuesday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Codorus Valley Bancorp Price Performance

CVLY stock opened at $24.04 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.90 and a quick ratio of 0.90. Codorus Valley Bancorp has a one year low of $17.62 and a one year high of $25.88. The stock has a market cap of $232.27 million, a PE ratio of 10.41 and a beta of 0.56. The firm has a 50 day simple moving average of $22.35 and a two-hundred day simple moving average of $22.99.

Codorus Valley Bancorp (NASDAQ:CVLY) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.45 EPS for the quarter. Codorus Valley Bancorp had a net margin of 16.66% and a return on equity of 12.01%. The business had revenue of $21.82 million during the quarter. On average, analysts predict that Codorus Valley Bancorp will post 1.75 EPS for the current fiscal year.

Codorus Valley Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th were paid 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 2.83%. Codorus Valley Bancorp’s dividend payout ratio (DPR) is 29.44%.

Institutional Investors Weigh In On Codorus Valley Bancorp

A number of institutional investors have recently made changes to their positions in the business. Virtu Financial LLC boosted its stake in shares of Codorus Valley Bancorp by 459.7% in the 1st quarter. Virtu Financial LLC now owns 45,160 shares of the financial services provider’s stock valued at $1,028,000 after purchasing an additional 37,092 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Codorus Valley Bancorp by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 525,446 shares of the financial services provider’s stock valued at $11,959,000 after purchasing an additional 3,419 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Codorus Valley Bancorp by 7.8% in the 1st quarter. Empowered Funds LLC now owns 48,104 shares of the financial services provider’s stock valued at $1,095,000 after purchasing an additional 3,500 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Codorus Valley Bancorp by 62.3% in the 1st 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 in the last quarter. Finally, Johnson & White Wealth Management LLC bought a new stake in Codorus Valley Bancorp during the 4th quarter valued at $248,000. Hedge funds and other institutional investors own 52.05% of the company’s stock.

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.