StockNews.com started coverage on shares of Codorus Valley Bancorp (NASDAQ:CVLY – Get Rating) in a research note published on Monday. The brokerage issued a hold rating on the financial services provider’s stock.
NASDAQ CVLY opened at $23.30 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.96 and a quick ratio of 0.95. The firm has a market capitalization of $220.91 million, a price-to-earnings ratio of 15.53 and a beta of 0.64. The company’s fifty day moving average is $22.13 and its two-hundred day moving average is $22.13. Codorus Valley Bancorp has a 52-week low of $17.25 and a 52-week high of $24.00.
Codorus Valley Bancorp (NASDAQ:CVLY – Get Rating) last posted its quarterly earnings results on Thursday, January 27th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter. The company had revenue of $20.13 million for the quarter. Codorus Valley Bancorp had a net margin of 16.65% and a return on equity of 7.40%.
A number of hedge funds have recently made changes to their positions in CVLY. Morgan Stanley lifted its holdings in Codorus Valley Bancorp by 21.5% during the 2nd quarter. Morgan Stanley now owns 4,770 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 845 shares during the last quarter. Marshall Wace LLP lifted its holdings in Codorus Valley Bancorp by 370.8% during the 1st quarter. Marshall Wace LLP now owns 6,525 shares of the financial services provider’s stock valued at $139,000 after purchasing an additional 5,139 shares during the last quarter. Citadel Advisors LLC bought a new position in Codorus Valley Bancorp during the 3rd quarter valued at about $280,000. Susquehanna International Group LLP lifted its holdings in Codorus Valley Bancorp by 79.6% during the 4th quarter. Susquehanna International Group LLP now owns 20,129 shares of the financial services provider’s stock valued at $435,000 after purchasing an additional 8,922 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Codorus Valley Bancorp by 17.7% during the 3rd quarter. American Century Companies Inc. now owns 21,022 shares of the financial services provider’s stock valued at $474,000 after purchasing an additional 3,154 shares during the last quarter. 51.48% of the stock is owned by hedge funds and other institutional investors.
Codorus Valley Bancorp Company Profile (Get Rating)
Codorus Valley Bancorp, Inc operates as the bank holding company for the PeoplesBank that provides community banking services. The company accepts demand, money market, time, and savings deposits, as well as certificates of deposit. It also offers commercial loans, such as builder and developer, commercial and residential real estate investor, hotel/motel, wholesale and retail, agriculture, manufacturing, and other loans; consume loans, including residential mortgage, home equity, and others.
- Get a free copy of the StockNews.com research report on Codorus Valley Bancorp (CVLY)
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