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

Equities research analysts at StockNews.com started coverage on shares of Codorus Valley Bancorp (NASDAQ:CVLY) in a note issued to investors on Sunday. The firm set a “hold” rating on the financial services provider’s stock.

Codorus Valley Bancorp Stock Up 1.9 %

Shares of NASDAQ CVLY opened at $21.99 on Friday. The stock has a 50 day moving average price of $22.07 and a 200 day moving average price of $22.88. 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 firm has a market capitalization of $212.42 million, a price-to-earnings ratio of 9.45 and a beta of 0.57. Codorus Valley Bancorp has a 52-week low of $17.62 and a 52-week high of $25.88.

Codorus Valley Bancorp (NASDAQ:CVLY) last posted its earnings results on Thursday, April 25th. The financial services provider reported $0.45 earnings per share 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%. Sell-side analysts expect that Codorus Valley Bancorp will post 1.75 earnings per share for the current year.

Institutional Trading of Codorus Valley Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its holdings in shares of Codorus Valley Bancorp by 62.3% during 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 during the last quarter. Vanguard Group Inc. increased its position 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 acquiring an additional 3,419 shares during the period. Empowered Funds LLC increased its position 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 acquiring an additional 3,500 shares during the period. SG Americas Securities LLC acquired a new position in shares of Codorus Valley Bancorp in the 4th quarter valued at $132,000. Finally, Virtu Financial LLC acquired a new position in shares of Codorus Valley Bancorp in the 4th quarter valued at $207,000. Hedge funds and other institutional investors own 52.05% of the company’s stock.

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.