Codorus Valley Bancorp (NASDAQ:CVLY) Stock Price Crosses Below 200 Day Moving Average of $22.44

Codorus Valley Bancorp, Inc. (NASDAQ:CVLY)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $22.44 and traded as low as $22.35. Codorus Valley Bancorp shares last traded at $22.46, with a volume of 69,062 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Codorus Valley Bancorp in a research note on Tuesday. They set a “hold” rating for the company.

Codorus Valley Bancorp Stock Performance

The firm has a 50 day moving average of $22.28 and a two-hundred day moving average of $22.46. The stock has a market cap of $216.96 million, a P/E ratio of 9.72 and a beta of 0.56. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.89 and a current ratio of 0.89.

Codorus Valley Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th will be paid 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 3.03%. Codorus Valley Bancorp’s payout ratio is 29.44%.

Institutional Trading of Codorus Valley Bancorp

Hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its position in shares of Codorus Valley Bancorp by 62.3% in the 1st quarter. BNP Paribas Financial Markets now owns 4,556 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 1,749 shares during the period. SG Americas Securities LLC bought a new stake in shares of Codorus Valley Bancorp in the 4th quarter worth approximately $132,000. Virtu Financial LLC bought a new stake in shares of Codorus Valley Bancorp in the 4th quarter worth approximately $207,000. Johnson & White Wealth Management LLC bought a new stake in shares of Codorus Valley Bancorp in the 4th quarter worth approximately $248,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Codorus Valley Bancorp by 2.9% in 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 during the period. 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.