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

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

Codorus Valley Bancorp Stock Performance

NASDAQ:CVLY opened at $22.31 on Friday. The stock has a market cap of $215.07 million, a P/E ratio of 8.58 and a beta of 0.55. The stock has a 50 day simple moving average of $22.42 and a 200 day simple moving average of $22.25. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.21. Codorus Valley Bancorp has a 1-year low of $16.00 and a 1-year high of $25.88.

Codorus Valley Bancorp (NASDAQ:CVLY) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.64 earnings per share for the quarter. The business had revenue of $23.41 million during the quarter. Codorus Valley Bancorp had a return on equity of 13.65% and a net margin of 19.25%. Research analysts anticipate that Codorus Valley Bancorp will post 1.75 earnings per share for the current year.

Institutional Trading of Codorus Valley Bancorp

Several hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in Codorus Valley Bancorp during the 4th quarter worth approximately $207,000. Johnson & White Wealth Management LLC bought a new stake in shares of Codorus Valley Bancorp during the 4th quarter valued at $248,000. SG Americas Securities LLC bought a new stake in shares of Codorus Valley Bancorp during the 4th quarter valued at $132,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Codorus Valley Bancorp by 2.9% during 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 during the period. 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.