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

Investment analysts at StockNews.com initiated coverage on shares of Codorus Valley Bancorp (NASDAQ:CVLY) in a research note issued on Monday. The firm set a “hold” rating on the financial services provider’s stock.

Codorus Valley Bancorp Price Performance

CVLY opened at $22.47 on Monday. The company has a fifty day simple moving average of $22.36 and a 200 day simple moving average of $22.34. The firm has a market cap of $217.11 million, a price-to-earnings ratio of 9.73 and a beta of 0.55. Codorus Valley Bancorp has a twelve month low of $16.00 and a twelve month high of $25.88. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.21.

Codorus Valley Bancorp (NASDAQ:CVLY) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.64 earnings per share for the quarter. The business had revenue of $23.41 million during the quarter. Codorus Valley Bancorp had a net margin of 16.66% and a return on equity of 12.19%. Equities research analysts expect that Codorus Valley Bancorp will post 1.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CVLY. Johnson & White Wealth Management LLC acquired a new position in Codorus Valley Bancorp during the 4th quarter worth $248,000. Virtu Financial LLC acquired a new position in Codorus Valley Bancorp during the 4th quarter worth $207,000. SG Americas Securities LLC acquired a new position in Codorus Valley Bancorp during the 4th quarter worth $132,000. Finally, Bank of New York Mellon Corp grew its holdings in Codorus Valley Bancorp by 2.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 29,986 shares of the financial services provider’s stock worth $559,000 after acquiring an additional 837 shares in the last quarter. 52.05% of the stock is owned by institutional investors and hedge funds.

Codorus Valley Bancorp Company 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.