Equity research analysts at StockNews.com assumed hedging on the shares of Codorus Valley Bancorp (NASDAQ:CVLY – Get a rating) in a report released Thursday. The company has set a “conservation” rating on the shares of the financial services provider.
Shares of Codorus Valley Bancorp opened at $22.17 on Thursday. The company has a market capitalization of $211.24 million, a P/E ratio of 15.61 and a beta of 0.53. The company has a quick ratio of 0.92, a current ratio of 0.92 and a leverage ratio of 0.28. The company has a 50-day moving average price of $22.93 and a 200-day moving average price of $22.36. Codorus Valley Bancorp has a 52 week low of $20.00 and a 52 week high of $24.48.
Codorus Valley Bancorp (NASDAQ:CVLY – Get a rating) last released its quarterly results on Thursday, April 28. The financial services provider reported earnings per share (EPS) of $0.32 for the quarter. Codorus Valley Bancorp had a net margin of 15.98% and a return on equity of 7.11%. The company had revenue of $19.56 million in the quarter.
Separately, SVP Matthew A. Clemens sold 1,196 shares of the company in a transaction dated Wednesday, May 25. The shares were sold at an average price of $22.67, for a total value of $27,113.32. As a result of the transaction, the senior vice president now directly owns 24,748 shares of the company, valued at $561,037.16. The transaction was disclosed in a legal filing with the SEC, accessible via this link. Additionally, SVP Stephen M. Altland sold 2,391 shares of the company in a trade dated Thursday, June 16. The stock was sold at an average price of $22.50, for a total transaction of $53,797.50. Following the completion of the transaction, the Senior Vice President now directly owns 17,795 shares of the company, valued at $400,387.50. Disclosure of this sale can be found here. Over the past three months, insiders have bought 4,149 shares of the company worth $95,608 and sold 5,769 shares worth $129,358. 4.09% of the shares are currently held by insiders of the company.
Several hedge funds have recently changed their positions in the company. Advisor Group Holdings Inc. increased its position in Codorus Valley Bancorp by 51.2% in the first quarter. Advisor Group Holdings Inc. now owns 2,931 shares of the financial services provider valued at $64,000 after buying an additional 992 shares in the last quarter. Hazlett Burt & Watson Inc. acquired a new position in Codorus Valley Bancorp in the first quarter worth approximately $117,000. Marshall Wace LLP acquired a new position in Codorus Valley Bancorp in the third quarter worth approximately $412,000. Two Sigma Investments LP acquired a new position in Codorus Valley Bancorp in the third quarter valued at around $623,000. Finally, American Century Companies Inc. increased its position in Codorus Valley Bancorp by 39.0% in the fourth quarter. American Century Companies Inc. now owns 29,226 shares of the financial services provider valued at $631,000 after buying an additional 8,204 shares in the last quarter. 51.29% of the shares are currently held by hedge funds and other institutional investors.
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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