Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty 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 raised Codorus Valley Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.
The stock has a market cap of $220.29 million, a price-to-earnings ratio of 12.39 and a beta of 0.67. 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 business has a 50-day moving average of $21.87 and a 200-day moving average of $22.19.
Codorus Valley Bancorp (NASDAQ:CVLY) last released its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter. The firm had revenue of $19.49 million during the quarter. Codorus Valley Bancorp had a return on equity of 10.02% and a net margin of 18.77%.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, October 22nd were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, October 21st. This represents a $0.64 dividend on an annualized basis and a yield of 2.81%.
In other news, COO Craig L. Kauffman acquired 10,000 shares of Codorus Valley Bancorp stock in a transaction that occurred on Monday, December 2nd. The stock was purchased at an average price of $22.32 per share, with a total value of $223,200.00. Following the completion of the transaction, the chief operating officer now owns 13,633 shares in the company, valued at $304,288.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.90% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of CVLY. Marshall Wace LLP raised its holdings 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 buying an additional 5,139 shares in the last quarter. JPMorgan Chase & Co. raised its holdings 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 buying an additional 484 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings 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 buying an additional 1,131 shares in the last quarter. Northern Trust Corp raised its holdings 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 buying an additional 3,424 shares in the last quarter. Finally, BlackRock Inc. raised its holdings 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 buying an additional 7,101 shares in the last quarter. Institutional investors own 49.54% of the company’s stock.
About Codorus Valley Bancorp (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.
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