StockNews.com began to cover the shares of Codorus Valley Bancorp (NASDAQ:CVLY – Get a rating) in a note released Sunday to investors. The company has set a “conservation” rating on the shares of the financial services provider.
Shares of CVLY opened at $23.30 on Friday. The company has a debt ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.92. Codorus Valley Bancorp has a one-year low of $18.96 and a one-year high of $24.48. The company has a 50-day simple moving average of $22.76 and a two-hundred-day simple moving average of $22.25. The company has a market capitalization of $222.00 million, a PE ratio of 16.41 and a beta of 0.52.
Separately, SVP Matthew A. Clemens sold 1,195 shares in a trade on Wednesday, May 18. The stock was sold at an average price of $22.09, for a total transaction of $26,397.55. As a result of the sale, the senior vice president now directly owns 24,748 shares of the company, valued at $546,683.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, available at this link. Additionally, SVP Matthew A. Clemens sold 1,196 shares of the company in a trade dated Wednesday, May 25. The stock was sold at an average price of $22.67, for a total value of $27,113.32. Following the completion of the transaction, the Senior Vice President now directly owns 24,748 shares of the company, valued at $561,037.16. Disclosure of this sale can be found here. Insiders acquired 3,570 shares of the company valued at $81,055 in the past 90 days. 4.53% of the shares are currently held by insiders of the company.
A number of institutional investors and hedge funds have recently shifted their holdings to CVLY. Advisor Group Holdings Inc. increased its stake in Codorus Valley Bancorp by 51.2% in Q1. Advisor Group Holdings Inc. now owns 2,931 shares of the financial services provider valued at $64,000 after purchasing an additional 992 shares during the period. Morgan Stanley increased its stake in Codorus Valley Bancorp by 21.5% in the second quarter. Morgan Stanley now owns 4,770 shares of the financial services provider worth $96,000 after acquiring 845 additional shares in the last quarter. Hazlett Burt & Watson Inc. bought a new stake in Codorus Valley Bancorp in Q1 worth approximately $117,000. Marshall Wace LLP increased its stake in Codorus Valley Bancorp by 370.8% in the 1st quarter. Marshall Wace LLP now owns 6,525 shares of the financial services provider worth $139,000 after acquiring 5,139 additional shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in Codorus Valley Bancorp in Q3 for approximately $280,000. 51.29% of the shares are currently held by 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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