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

StockNews.com assumed coverage on shares of Codorus Valley Bancorp (NASDAQ:CVLY) in a research note released on Saturday morning. The firm issued a hold rating on the financial services provider’s stock.

Codorus Valley Bancorp Stock Performance

Shares of NASDAQ CVLY opened at $21.37 on Friday. The stock has a 50 day moving average price of $22.54 and a 200 day moving average price of $22.09. Codorus Valley Bancorp has a 52 week low of $16.00 and a 52 week high of $25.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market capitalization of $206.01 million, a PE ratio of 8.22 and a beta of 0.55.

Codorus Valley Bancorp (NASDAQ:CVLY) last issued its quarterly earnings results 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. Analysts predict that Codorus Valley Bancorp will post 1.75 earnings per share for the current fiscal year.

Codorus Valley Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th will be given 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 yield of 3.18%. Codorus Valley Bancorp’s dividend payout ratio (DPR) is presently 26.15%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Codorus Valley Bancorp by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 522,027 shares of the financial services provider’s stock valued at $13,416,000 after purchasing an additional 6,524 shares during the last quarter. BlackRock Inc. lifted its position in shares of Codorus Valley Bancorp by 680.8% in the second quarter. BlackRock Inc. now owns 479,990 shares of the financial services provider’s stock valued at $9,413,000 after buying an additional 418,513 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Codorus Valley Bancorp by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 393,654 shares of the financial services provider’s stock valued at $8,168,000 after buying an additional 4,690 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Codorus Valley Bancorp by 1.0% in the third quarter. The Manufacturers Life Insurance Company now owns 294,780 shares of the financial services provider’s stock valued at $5,495,000 after buying an additional 2,959 shares during 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.