Codorus Valley Bancorp (NASDAQ:CVLY) Earns Hold Rating from Analysts at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Codorus Valley Bancorp (NASDAQ:CVLY) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the financial services provider’s stock.

Codorus Valley Bancorp Price Performance

CVLY opened at $24.04 on Tuesday. Codorus Valley Bancorp has a fifty-two week low of $17.62 and a fifty-two week high of $25.88. The firm has a market capitalization of $232.23 million, a P/E ratio of 10.41 and a beta of 0.56. The company’s 50-day moving average is $22.25 and its 200 day moving average is $22.99. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.90 and a quick ratio of 0.90.

Codorus Valley Bancorp (NASDAQ:CVLY) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.45 EPS for the quarter. Codorus Valley Bancorp had a net margin of 16.66% and a return on equity of 12.01%. The firm had revenue of $21.82 million during the quarter. Research analysts expect that Codorus Valley Bancorp will post 1.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Codorus Valley Bancorp

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its stake in shares of 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 valued at $104,000 after buying an additional 1,749 shares during the period. Vanguard Group Inc. increased its holdings in Codorus Valley Bancorp by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 525,446 shares of the financial services provider’s stock worth $11,959,000 after acquiring an additional 3,419 shares during the last quarter. Empowered Funds LLC raised its stake in Codorus Valley Bancorp by 7.8% in the 1st quarter. Empowered Funds LLC now owns 48,104 shares of the financial services provider’s stock valued at $1,095,000 after acquiring an additional 3,500 shares during the period. SG Americas Securities LLC purchased a new stake in Codorus Valley Bancorp during the fourth quarter valued at about $132,000. Finally, Virtu Financial LLC bought a new position in Codorus Valley Bancorp during the fourth quarter worth about $207,000. Institutional investors own 52.05% of the company’s stock.

About Codorus Valley Bancorp

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.