Codorus Valley Bancorp (NASDAQ:CVLY) Stock Crosses Below 200 Day Moving Average of $22.79

Codorus Valley Bancorp, Inc. (NASDAQ:CVLYGet Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $22.79 and traded as low as $21.56. Codorus Valley Bancorp shares last traded at $21.71, with a volume of 9,619 shares traded.

Analyst Upgrades and Downgrades

Separately, assumed coverage on Codorus Valley Bancorp in a research report on Saturday. They set a “hold” rating on the stock.

Read Our Latest Stock Report on Codorus Valley Bancorp

Codorus Valley Bancorp Trading Down 0.3 %

The company has a 50 day moving average of $22.12 and a 200 day moving average of $22.79. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.21. The firm has a market cap of $209.72 million, a price-to-earnings ratio of 9.40 and a beta of 0.56.

Codorus Valley Bancorp (NASDAQ:CVLYGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.45 EPS for the quarter. The business had revenue of $21.82 million for the quarter. Codorus Valley Bancorp had a return on equity of 12.01% and a net margin of 16.66%. As a group, research analysts anticipate that Codorus Valley Bancorp, Inc. will post 1.75 EPS for the current year.

Codorus Valley Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.13%. The ex-dividend date was Monday, May 6th. Codorus Valley Bancorp’s dividend payout ratio is 29.44%.

Institutional Trading of Codorus Valley Bancorp

Several institutional investors have recently bought and sold shares of CVLY. BNP Paribas Financial Markets boosted its stake in Codorus Valley Bancorp by 62.3% in the first quarter. BNP Paribas Financial Markets now owns 4,556 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 1,749 shares in the last quarter. SG Americas Securities LLC acquired a new position in Codorus Valley Bancorp in the fourth quarter worth $132,000. Virtu Financial LLC acquired a new position in Codorus Valley Bancorp in the fourth quarter worth $207,000. Johnson & White Wealth Management LLC bought a new stake in shares of Codorus Valley Bancorp during the fourth quarter worth $248,000. Finally, Bank of New York Mellon Corp raised its position in shares of Codorus Valley Bancorp by 2.9% during the third 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 during the last quarter. Institutional investors and hedge funds own 52.05% of the company’s stock.

About Codorus Valley Bancorp

(Get Free Report)

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.

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