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

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

Codorus Valley Bancorp Price Performance

Shares of NASDAQ:CVLY opened at $24.04 on Tuesday. The stock has a market capitalization of $232.27 million, a price-to-earnings ratio of 10.41 and a beta of 0.56. Codorus Valley Bancorp has a 1-year low of $17.62 and a 1-year high of $25.88. The company’s fifty day moving average is $22.32 and its two-hundred day moving average is $22.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.90 and a current ratio of 0.90.

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 business had revenue of $21.82 million for the quarter. Equities analysts anticipate that Codorus Valley Bancorp will post 1.75 EPS for the current year.

Institutional Trading of Codorus Valley Bancorp

A number of large investors have recently modified their holdings of CVLY. SG Americas Securities LLC acquired a new stake in shares of Codorus Valley Bancorp in the 4th quarter worth about $132,000. Johnson & White Wealth Management LLC bought a new position in Codorus Valley Bancorp in the 4th quarter valued at about $248,000. Virtu Financial LLC bought a new position in Codorus Valley Bancorp in the 4th quarter valued at about $207,000. BNP Paribas Financial Markets grew its position in 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 in the last quarter. Finally, Empowered Funds LLC grew its position in 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 buying an additional 3,500 shares in the last quarter. Institutional investors and hedge funds 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.