StockNews.com assumed coverage on shares of Codorus Valley Bancorp (NASDAQ:CVLY – Get Rating) in a research note issued to investors on Wednesday morning. The firm issued a hold rating on the financial services provider’s stock.
Codorus Valley Bancorp stock opened at $23.71 on Wednesday. Codorus Valley Bancorp has a 12 month low of $17.25 and a 12 month high of $24.48. 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 business’s 50 day simple moving average is $22.44 and its 200 day simple moving average is $22.19. The company has a market cap of $225.91 million, a price-to-earnings ratio of 15.81 and a beta of 0.64.
Codorus Valley Bancorp (NASDAQ:CVLY – Get Rating) last posted its quarterly earnings data on Thursday, January 27th. The financial services provider reported $0.28 EPS for the quarter. Codorus Valley Bancorp had a return on equity of 7.40% and a net margin of 16.65%. The business had revenue of $20.13 million for the quarter.
In other news, Director John W. Giambalvo acquired 2,105 shares of the company’s stock in a transaction that occurred on Friday, February 4th. The shares were acquired at an average price of $21.55 per share, for a total transaction of $45,362.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders purchased 4,882 shares of company stock worth $107,986. 4.53% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the business. Morgan Stanley raised 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 acquiring an additional 845 shares during the period. Marshall Wace LLP raised 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 acquiring an additional 5,139 shares during the period. Citadel Advisors LLC bought a new stake in Codorus Valley Bancorp during the 3rd quarter valued at $280,000. Susquehanna International Group LLP raised 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 acquiring an additional 8,922 shares during the period. Finally, American Century Companies Inc. raised 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 acquiring an additional 3,154 shares during the period. 51.48% of the stock is currently owned by institutional investors and hedge funds.
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.
- Get a free copy of the StockNews.com research report on Codorus Valley Bancorp (CVLY)
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