Codorus Valley Bancorp (NASDAQ:CVLY) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Codorus Valley Bancorp (NASDAQ:CVLY) in a research report issued on Tuesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Codorus Valley Bancorp Trading Down 0.4 %

Shares of CVLY stock opened at $22.40 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.21. Codorus Valley Bancorp has a fifty-two week low of $16.00 and a fifty-two week high of $25.88. The firm’s 50 day moving average price is $22.27 and its two-hundred day moving average price is $22.48. The stock has a market cap of $216.43 million, a price-to-earnings ratio of 9.70 and a beta of 0.56.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CVLY. BNP Paribas Financial Markets raised its position in Codorus Valley Bancorp by 62.3% in the first quarter. BNP Paribas Financial Markets now owns 4,556 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 1,749 shares during the period. SG Americas Securities LLC bought a new stake in Codorus Valley Bancorp in the fourth quarter valued at about $132,000. Virtu Financial LLC bought a new stake in Codorus Valley Bancorp in the fourth quarter valued at about $207,000. Johnson & White Wealth Management LLC bought a new stake in Codorus Valley Bancorp in the fourth quarter valued at about $248,000. Finally, Bank of New York Mellon Corp increased its holdings in 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 buying an additional 837 shares during the last quarter. 52.05% of the stock is 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.