Codorus Valley Bancorp (NASDAQ:CVLY) Receives New Coverage from Analysts at StockNews.com

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

Codorus Valley Bancorp Stock Performance

NASDAQ:CVLY opened at $22.31 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.89 and a quick ratio of 0.89. The business has a fifty day simple moving average of $22.42 and a two-hundred day simple moving average of $22.25. Codorus Valley Bancorp has a 1 year low of $16.00 and a 1 year high of $25.88. The company has a market capitalization of $215.07 million, a P/E ratio of 8.58 and a beta of 0.55.

Codorus Valley Bancorp (NASDAQ:CVLY) last released its earnings results on Thursday, January 25th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter. Codorus Valley Bancorp had a return on equity of 13.65% and a net margin of 19.25%. The business had revenue of $23.41 million during the quarter. On average, analysts expect that Codorus Valley Bancorp will post 1.75 earnings per share for the current year.

Hedge Funds Weigh In On Codorus Valley Bancorp

Several hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new position in shares of Codorus Valley Bancorp in the fourth quarter valued at $207,000. Johnson & White Wealth Management LLC purchased a new position in shares of Codorus Valley Bancorp in the fourth quarter valued at $248,000. SG Americas Securities LLC purchased a new position in shares of Codorus Valley Bancorp in the fourth quarter valued at $132,000. Finally, Bank of New York Mellon Corp grew its position in shares of Codorus Valley Bancorp by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 29,986 shares of the financial services provider’s stock valued at $559,000 after purchasing an additional 837 shares in the last quarter. 52.05% of the stock is currently owned by hedge funds and other institutional investors.

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.