Codorus Valley Bancorp (NASDAQ:CVLY) Now Covered by Analysts at StockNews.com

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

Shares of Codorus Valley Bancorp stock opened at $22.07 on Friday. The company’s fifty day simple moving average is $22.73 and its 200-day simple moving average is $22.26. The stock has a market capitalization of $210.28 million, a PE ratio of 15.54 and a beta of 0.52. Codorus Valley Bancorp has a 1-year low of $18.81 and a 1-year high of $24.48. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.92.

Several institutional investors and hedge funds have recently made changes to their positions in CVLY. Petiole USA ltd acquired a new position in Codorus Valley Bancorp during the 4th quarter valued at approximately $3,399,000. Dimensional Fund Advisors LP lifted its stake in shares of Codorus Valley Bancorp by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 348,893 shares of the financial services provider’s stock worth $7,864,000 after buying an additional 2,794 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Codorus Valley Bancorp by 87.6% during the third quarter. Alliancebernstein L.P. now owns 104,896 shares of the financial services provider’s stock valued at $2,364,000 after acquiring an additional 48,970 shares during the last quarter. Hazlett Burt & Watson Inc. acquired a new position in shares of Codorus Valley Bancorp in the first quarter valued at approximately $117,000. Finally, Financial Counselors Inc. acquired a new position in shares of Codorus Valley Bancorp in the first quarter valued at approximately $677,000. 51.29% 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.

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