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

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

CVLY opened at $23.30 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.92. The company’s 50 day simple moving average is $22.76 and its two-hundred day simple moving average is $22.25. Codorus Valley Bancorp has a 1-year low of $18.96 and a 1-year high of $24.48. The firm has a market capitalization of $222.00 million, a price-to-earnings ratio of 16.41 and a beta of 0.52.

In other news, SVP Matthew A. Clemens sold 1,195 shares of Codorus Valley Bancorp stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $22.09, for a total transaction of $26,397.55. Following the sale, the senior vice president now owns 24,748 shares of the company’s stock, valued at approximately $546,683.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Matthew A. Clemens sold 1,196 shares of the business’s stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $22.67, for a total value of $27,113.32. Following the completion of the sale, the senior vice president now directly owns 24,748 shares in the company, valued at approximately $561,037.16. The disclosure for this sale can be found here. Insiders acquired a total of 3,570 shares of company stock worth $81,055 over the last three months. Corporate insiders own 4.53% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisor Group Holdings Inc. raised its position in Codorus Valley Bancorp by 51.2% in the first quarter. Advisor Group Holdings Inc. now owns 2,931 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 992 shares during the period. Morgan Stanley grew its stake in shares of Codorus Valley Bancorp by 21.5% during the second quarter. Morgan Stanley now owns 4,770 shares of the financial services provider’s stock worth $96,000 after purchasing an additional 845 shares in the last quarter. Hazlett Burt & Watson Inc. acquired a new position in shares of Codorus Valley Bancorp during the first quarter worth $117,000. Marshall Wace LLP grew its stake in shares of Codorus Valley Bancorp by 370.8% during the first quarter. Marshall Wace LLP now owns 6,525 shares of the financial services provider’s stock worth $139,000 after purchasing an additional 5,139 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of Codorus Valley Bancorp during the third quarter worth $280,000. 51.29% 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.

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