Codorus Valley Bancorp (NASDAQ:CVLY) Receives New Coverage from Analysts at StockNews.com

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

Codorus Valley Bancorp Stock Up 0.1 %

CVLY opened at $22.49 on Tuesday. The company has a 50-day moving average price of $22.27 and a 200 day moving average price of $22.49. Codorus Valley Bancorp has a twelve month low of $16.00 and a twelve month high of $25.88. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.21. The company has a market cap of $217.30 million, a PE ratio of 9.74 and a beta of 0.56.

Codorus Valley Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, May 7th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Monday, May 6th. Codorus Valley Bancorp’s dividend payout ratio (DPR) is 29.44%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. 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 buying an additional 1,749 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Codorus Valley Bancorp during the fourth quarter worth $132,000. Virtu Financial LLC acquired a new stake in Codorus Valley Bancorp in the fourth quarter valued at about $207,000. Johnson & White Wealth Management LLC purchased a new position in Codorus Valley Bancorp in the fourth quarter worth $248,000. Finally, Bank of New York Mellon Corp raised its holdings in Codorus Valley Bancorp by 2.9% during the third quarter. Bank of New York Mellon Corp now owns 29,986 shares of the financial services provider’s stock worth $559,000 after purchasing an additional 837 shares during the last quarter. 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.