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

StockNews.com began coverage on shares of Codorus Valley Bancorp (NASDAQ:CVLY) in a report issued on Monday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Codorus Valley Bancorp Price Performance

Shares of CVLY opened at $22.37 on Monday. Codorus Valley Bancorp has a twelve month low of $16.00 and a twelve month high of $25.88. The stock’s 50 day moving average is $22.34 and its two-hundred day moving average is $22.36. The firm has a market capitalization of $216.09 million, a PE ratio of 9.68 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.

Codorus Valley Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, May 7th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Monday, May 6th. Codorus Valley Bancorp’s dividend payout ratio is presently 29.44%.

Institutional Investors Weigh In On Codorus Valley Bancorp

A number of institutional investors have recently added to or reduced their stakes in CVLY. Johnson & White Wealth Management LLC purchased a new stake in Codorus Valley Bancorp in the 4th quarter valued at approximately $248,000. Virtu Financial LLC purchased a new stake in Codorus Valley Bancorp in the 4th quarter valued at approximately $207,000. SG Americas Securities LLC purchased a new stake in shares of Codorus Valley Bancorp during the 4th quarter worth approximately $132,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of 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. Hedge funds and other institutional investors own 52.05% of the company’s stock.

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.