SG Americas Securities LLC Acquires New Holdings in Codorus Valley Bancorp, Inc. (NASDAQ:CVLY)

SG Americas Securities LLC acquired a new stake in shares of Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,139 shares of the financial services provider’s stock, valued at approximately $132,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in shares of Codorus Valley Bancorp by 666.0% during the third quarter. Tower Research Capital LLC TRC now owns 1,915 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 1,665 shares in the last quarter. BNP Paribas Arbitrage SNC grew its holdings in Codorus Valley Bancorp by 657.8% during the second quarter. BNP Paribas Arbitrage SNC now owns 2,493 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 2,164 shares during the period. California State Teachers Retirement System acquired a new position in Codorus Valley Bancorp during the second quarter worth about $63,000. Advisor Group Holdings Inc. grew its holdings in Codorus Valley Bancorp by 51.2% during the first quarter. Advisor Group Holdings Inc. now owns 2,931 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 992 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in Codorus Valley Bancorp by 2,162.0% during the second quarter. Wells Fargo & Company MN now owns 3,755 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 3,589 shares during the period. 52.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Codorus Valley Bancorp in a report on Saturday, April 13th. They set a “hold” rating on the stock.

Codorus Valley Bancorp Trading Down 0.2 %

Shares of NASDAQ CVLY opened at $21.37 on Thursday. Codorus Valley Bancorp, Inc. has a one year low of $16.00 and a one year high of $25.88. The firm has a market capitalization of $206.01 million, a PE ratio of 8.22 and a beta of 0.55. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $22.47 and a two-hundred day moving average price of $22.14.

Codorus Valley Bancorp (NASDAQ:CVLY) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.64 EPS for the quarter. Codorus Valley Bancorp had a return on equity of 13.65% and a net margin of 19.25%. The firm had revenue of $23.41 million during the quarter. As a group, analysts predict that Codorus Valley Bancorp, Inc. will post 1.75 earnings per share for the current fiscal year.

Codorus Valley Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.68 annualized dividend and a dividend yield of 3.18%. Codorus Valley Bancorp’s dividend payout ratio is 26.15%.

Codorus Valley Bancorp Profile

Codorus Valley Bancorp, Inc operates as the bank holding company for the PeoplesBank that provides community banking services in South Central Pennsylvania and Central Maryland. The company accepts demand, money market, time, and savings deposits, as well as certificates of deposit and checking account.