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

StockNews.com began coverage on shares of Codorus Valley Bancorp (NASDAQ:CVLYGet Rating) in a report released on Tuesday. The brokerage set a “hold” rating on the financial services provider’s stock.

NASDAQ CVLY opened at $23.45 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $222.33 million, a PE ratio of 15.63 and a beta of 0.64. Codorus Valley Bancorp has a 1-year low of $17.25 and a 1-year high of $24.37. The firm’s fifty day simple moving average is $22.25 and its 200-day simple moving average is $22.15.

Codorus Valley Bancorp (NASDAQ:CVLYGet Rating) last announced its quarterly earnings results on Thursday, January 27th. The financial services provider reported $0.28 EPS for the quarter. The firm had revenue of $20.13 million during the quarter. Codorus Valley Bancorp had a net margin of 16.65% and a return on equity of 7.40%.

In other news, Director John W. Giambalvo purchased 2,105 shares of the business’s stock in a transaction dated Friday, February 4th. The stock was bought at an average price of $21.55 per share, with a total value of $45,362.75. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders purchased 4,382 shares of company stock worth $95,841. 4.53% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CVLY. BlackRock Inc. increased its stake in shares of Codorus Valley Bancorp by 66.7% in the fourth quarter. BlackRock Inc. now owns 60,969 shares of the financial services provider’s stock worth $1,313,000 after purchasing an additional 24,400 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Codorus Valley Bancorp by 25.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 272,030 shares of the financial services provider’s stock worth $5,876,000 after acquiring an additional 55,630 shares during the last quarter. Susquehanna International Group LLP increased its stake in shares of Codorus Valley Bancorp by 79.6% in the fourth quarter. Susquehanna International Group LLP now owns 20,129 shares of the financial services provider’s stock worth $435,000 after buying an additional 8,922 shares during the period. State Street Corp increased its stake in shares of Codorus Valley Bancorp by 23.3% in the fourth quarter. State Street Corp now owns 28,355 shares of the financial services provider’s stock worth $612,000 after buying an additional 5,355 shares during the period. Finally, Petiole USA ltd purchased a new position in Codorus Valley Bancorp during the 4th quarter valued at $3,399,000. 51.48% of the stock is currently owned by institutional investors.

About Codorus Valley Bancorp (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.

Further Reading

Receive News & Ratings for Codorus Valley Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Codorus Valley Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.