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

StockNews.com began coverage on shares of Codorus Valley Bancorp (NASDAQ:CVLY – Get Rating) in a research report issued on Thursday. The firm set a “hold” rating on the financial services provider’s stock.

NASDAQ CVLY opened at $23.61 on Thursday. Codorus Valley Bancorp has a one year low of $18.14 and a one year high of $24.48. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.95 and a current ratio of 0.96. The firm’s fifty day moving average is $22.68 and its two-hundred day moving average is $22.24. The firm has a market cap of $224.96 million, a PE ratio of 16.63 and a beta of 0.52.

In other Codorus Valley Bancorp news, Director John W. Giambalvo acquired 2,105 shares of the company’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased 5,382 shares of company stock valued at $119,826 in the last ninety days. 4.53% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the company. Advisor Group Holdings Inc. boosted its stake in Codorus Valley Bancorp by 51.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,931 shares of the financial services provider’s stock valued at $64,000 after acquiring an additional 992 shares during the last quarter. Morgan Stanley boosted its stake 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 last quarter. Marshall Wace LLP boosted its stake 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 last quarter. Citadel Advisors LLC bought a new position in Codorus Valley Bancorp during the 3rd quarter valued at $280,000. Finally, Susquehanna International Group LLP boosted its stake 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 last quarter. Institutional investors and hedge funds own 51.29% of the company’s stock.

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.

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