BidaskClub upgraded shares of Codorus Valley Bancorp (NASDAQ:CVLY) from a sell rating to a hold rating in a report issued on Friday.
Shares of Codorus Valley Bancorp stock traded down $0.42 on Friday, reaching $30.33. 12,534 shares of the stock were exchanged, compared to its average volume of 10,381. Codorus Valley Bancorp has a one year low of $24.83 and a one year high of $34.75. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.79. The company has a market cap of $279.48 million, a PE ratio of 15.92 and a beta of 0.58.
Codorus Valley Bancorp (NASDAQ:CVLY) last issued its quarterly earnings results on Thursday, July 19th. The financial services provider reported $0.67 earnings per share for the quarter. Codorus Valley Bancorp had a net margin of 17.13% and a return on equity of 10.71%. The company had revenue of $19.62 million during the quarter.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 13th. Stockholders of record on Tuesday, October 23rd will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Monday, October 22nd.
Institutional investors have recently modified their holdings of the company. LSV Asset Management bought a new stake in shares of Codorus Valley Bancorp during the 2nd quarter worth approximately $184,000. Salzhauer Michael bought a new stake in shares of Codorus Valley Bancorp during the 2nd quarter worth approximately $307,000. MetLife Investment Advisors LLC bought a new stake in shares of Codorus Valley Bancorp during the 2nd quarter worth approximately $138,000. Dimensional Fund Advisors LP lifted its stake in Codorus Valley Bancorp by 11.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 148,684 shares of the financial services provider’s stock valued at $4,181,000 after purchasing an additional 15,805 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Codorus Valley Bancorp by 3,368.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,468 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 3,368 shares during the last quarter. 53.21% of the stock is owned by institutional investors.
About Codorus Valley Bancorp
Codorus Valley Bancorp, Inc operates as the bank holding company for the PeoplesBank that provides various business and consumer banking services. The company accepts demand, money market, time, and savings deposits. It also offers commercial real estate loans; industrial loans; 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.
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