BidaskClub upgraded shares of Codorus Valley Bancorp (NASDAQ:CVLY) from a sell rating to a hold rating in a report issued on Friday morning.

NASDAQ CVLY traded down $0.42 on Friday, hitting $30.33. The company’s stock had a trading volume of 12,534 shares, compared to its average volume of 10,381. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.05 and a current ratio of 1.06. Codorus Valley Bancorp has a 1-year low of $24.83 and a 1-year high of $34.75. The stock has a market cap of $279.48 million, a P/E ratio of 15.92 and a beta of 0.58.

Codorus Valley Bancorp (NASDAQ:CVLY) last announced its quarterly earnings results on Thursday, July 19th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter. Codorus Valley Bancorp had a net margin of 17.13% and a return on equity of 10.71%. The firm had revenue of $19.62 million during the quarter.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 13th. Shareholders of record on Tuesday, October 23rd will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Monday, October 22nd.

A number of hedge funds and other institutional investors have recently made changes to their positions in CVLY. Dimensional Fund Advisors LP increased its position 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 acquiring an additional 15,805 shares during the period. Salzhauer Michael acquired a new position in Codorus Valley Bancorp in the 2nd quarter valued at approximately $307,000. LSV Asset Management acquired a new position in Codorus Valley Bancorp in the 2nd quarter valued at approximately $184,000. Schwab Charles Investment Management Inc. increased its position in Codorus Valley Bancorp by 49.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 19,632 shares of the financial services provider’s stock valued at $603,000 after acquiring an additional 6,466 shares during the period. Finally, BlackRock Inc. increased its position in Codorus Valley Bancorp by 9.6% in the 2nd quarter. BlackRock Inc. now owns 437,094 shares of the financial services provider’s stock valued at $13,410,000 after acquiring an additional 38,436 shares during the period. Hedge funds and other institutional investors own 53.21% of the company’s stock.

Codorus Valley Bancorp Company Profile

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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