Codorus Valley Bancorp (NASDAQ:CVLY) now covered by StockNews.com
Equity research analysts at StockNews.com assumed hedging on the shares of Codorus Valley Bancorp (NASDAQ:CVLY – Get a rating) in a research note published Tuesday. The company has set a “conservation” rating on the shares of the financial services provider.
Shares of Codorus Valley Bancorp opened at $23.30 on Tuesday. The stock has a market capitalization of $222.00 million, a price/earnings ratio of 16.41 and a beta of 0.53. The company has a debt ratio of 0.28, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a 50-day moving average price of $23.02 and a 200-day moving average price of $22.31. Codorus Valley Bancorp has a one-year low of $19.37 and a one-year high of $24.48.
Codorus Valley Bancorp (NASDAQ:CVLY – Get a rating) last announced its results on Thursday, April 28. The financial services provider reported earnings per share (EPS) of $0.32 for the quarter. Codorus Valley Bancorp achieved a return on equity of 7.11% and a net margin of 15.98%. The company posted revenue of $19.56 million for the quarter.
In other Codorus Valley Bancorp news, SVP Matthew A. Clemens sold 1,195 shares in a trade that took place on Wednesday, May 18. The shares were sold at an average price of $22.09, for a total value of $26,397.55. Following the completion of the sale, the senior vice president now owns 24,748 shares of the company, valued at approximately $546,683.32. The transaction was disclosed in a legal filing with the SEC, accessible via this link. Additionally, SVP Matthew A. Clemens sold 1,196 shares of Codorus Valley Bancorp in a trade on Wednesday, May 25. The stock was sold at an average price of $22.67, for a total transaction of $27,113.32. Following the completion of the transaction, the senior vice president now owns 24,748 shares of the company, valued at approximately $561,037.16. Disclosure of this sale can be found here. Insiders have purchased a total of 3,572 shares of the company worth $81,645 over the past three months. Company insiders hold 4.09% of the company’s shares.
A number of institutional investors and hedge funds have recently changed their positions in CVLY. Vanguard Group Inc. increased its stake in Codorus Valley Bancorp shares by 5.0% in Q1. Vanguard Group Inc. now owns 421,361 shares of the financial services provider valued at $9,270,000 after buying an additional 19,903 shares last quarter. Dimensional Fund Advisors LP increased its stake in Codorus Valley Bancorp by 1.0% in Q1. Dimensional Fund Advisors LP now owns 354,914 shares of the financial services provider valued at $7,808,000 after acquiring an additional 3,625 shares during the period. The Manufacturers Life Insurance Company increased its stake in Codorus Valley Bancorp by 2.0% in the first quarter. The Manufacturers Life Insurance Company now owns 277,453 shares of the financial services provider valued at $6,104,000 after acquiring an additional 5,423 shares during the period. Petiole USA ltd purchased a new stock position in Codorus Valley Bancorp during the fourth quarter worth approximately $3,399,000. Finally, Employees Retirement System of Texas increased its stake in Codorus Valley Bancorp to 94.5% in the first quarter. The Texas Employee Retirement System now owns 88,500 shares of the financial services provider worth $1,947,000 after buying an additional 43,000 shares last quarter. Institutional investors and hedge funds hold 51.29% of the company’s shares.
Codorus Valley Bancorp Company Profile (Get a rating)
Codorus Valley Bancorp, Inc operates as a bank holding company for PeoplesBank which provides community banking services. The company accepts demand, money market, term and savings deposits, as well as certificates of deposit. It also offers commercial loans, such as builder and developer, commercial and residential real estate investor, hotel/motel, wholesale and retail, agriculture, manufacturing and other loans; consume loans including residential mortgages, home equity and others.
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