Shares of Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $21.82 and traded as high as $22.95. Codorus Valley Bancorp shares last traded at $22.84, with a volume of 73 shares trading hands.
Separately, ValuEngine upgraded shares of Codorus Valley Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.
The business’s 50-day moving average price is $21.82 and its 200 day moving average price is $22.18. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $221.46 million, a P/E ratio of 12.03 and a beta of 0.67.
Codorus Valley Bancorp (NASDAQ:CVLY) last released its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.52 EPS for the quarter. Codorus Valley Bancorp had a net margin of 18.77% and a return on equity of 10.02%. The company had revenue of $19.49 million during the quarter.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, October 22nd were given a $0.16 dividend. The ex-dividend date was Monday, October 21st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.82%.
In other news, COO Craig L. Kauffman acquired 10,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was bought at an average cost of $22.32 per share, for a total transaction of $223,200.00. Following the completion of the transaction, the chief operating officer now owns 13,633 shares of the company’s stock, valued at $304,288.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.90% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP lifted its position in Codorus Valley Bancorp by 370.8% during the first quarter. Marshall Wace LLP now owns 6,525 shares of the financial services provider’s stock valued at $139,000 after purchasing an additional 5,139 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Codorus Valley Bancorp by 9.5% during the second quarter. JPMorgan Chase & Co. now owns 5,575 shares of the financial services provider’s stock valued at $124,000 after purchasing an additional 484 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Codorus Valley Bancorp by 5.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 21,744 shares of the financial services provider’s stock valued at $501,000 after purchasing an additional 1,131 shares during the last quarter. Northern Trust Corp lifted its position in Codorus Valley Bancorp by 3.6% during the second quarter. Northern Trust Corp now owns 98,648 shares of the financial services provider’s stock valued at $2,268,000 after purchasing an additional 3,424 shares during the last quarter. Finally, BlackRock Inc. lifted its position in Codorus Valley Bancorp by 1.5% during the second quarter. BlackRock Inc. now owns 466,972 shares of the financial services provider’s stock valued at $10,741,000 after purchasing an additional 7,101 shares during the last quarter. Institutional investors own 49.54% of the company’s stock.
Codorus Valley Bancorp Company Profile (NASDAQ:CVLY)
Codorus Valley Bancorp, Inc operates as the bank holding company for the PeoplesBank that provides community banking services. The company accepts demand, money market, time, and savings deposits. It also offers commercial real estate, industrial, and construction loans; commercial loans, such as builder and developer, commercial and residential real estate investor, hotel/motel, wholesale and retail, agriculture, manufacturing, and other loans; and consumer loans, including residential mortgage, home equity, and other loans.
Read More: Futures Contract
Receive News & Ratings for Codorus Valley Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Codorus Valley Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.