Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) Sees Significant Decline in Short Interest
Codorus Valley Bancorp, Inc. (NASDAQ:CVLY – Get Free Report) saw a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 36,400 shares, a drop of 15.2% from the November 15th total of 42,900 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 13,800 shares, the short-interest ratio is presently 2.6 days.
Codorus Valley Bancorp Price Performance
NASDAQ CVLY traded up $0.62 during trading hours on Friday, reaching $25.54. 135,801 shares of the company’s stock were exchanged, compared to its average volume of 23,311. The firm has a fifty day moving average of $20.28 and a 200-day moving average of $20.18. Codorus Valley Bancorp has a one year low of $16.00 and a one year high of $25.95. The stock has a market cap of $245.44 million, a PE ratio of 8.93 and a beta of 0.56. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.23.
Codorus Valley Bancorp (NASDAQ:CVLY – Get Free Report) last announced its earnings results on Thursday, October 26th. The financial services provider reported $0.61 EPS for the quarter. Codorus Valley Bancorp had a return on equity of 15.01% and a net margin of 22.06%. The company had revenue of $23.57 million for the quarter. On average, equities research analysts predict that Codorus Valley Bancorp will post 2.56 earnings per share for the current fiscal year.
Codorus Valley Bancorp Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, October 24th were given a dividend of $0.17 per share. The ex-dividend date was Monday, October 23rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.66%. Codorus Valley Bancorp’s payout ratio is 23.78%.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on CVLY. Stephens reissued an “overweight” rating and set a $22.00 price objective on shares of Codorus Valley Bancorp in a report on Wednesday. StockNews.com initiated coverage on shares of Codorus Valley Bancorp in a report on Thursday, October 5th. They set a “hold” rating for the company.
View Our Latest Analysis on Codorus Valley Bancorp
Insider Activity
In related news, SVP Stephen M. Altland sold 1,676 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $19.86, for a total value of $33,285.36. Following the sale, the senior vice president now owns 17,413 shares of the company’s stock, valued at $345,822.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.98% of the stock is owned by company insiders.
Institutional Trading of Codorus Valley Bancorp
Several hedge funds have recently modified their holdings of CVLY. Petiole USA ltd lifted its holdings in Codorus Valley Bancorp by 2,872.7% during the 1st quarter. Petiole USA ltd now owns 6,182,100 shares of the financial services provider’s stock worth $10,289,000 after buying an additional 5,974,138 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Codorus Valley Bancorp by 680.8% during the second quarter. BlackRock Inc. now owns 479,990 shares of the financial services provider’s stock valued at $9,413,000 after acquiring an additional 418,513 shares during the period. Vanguard Group Inc. boosted its holdings in Codorus Valley Bancorp by 5.0% in the first quarter. Vanguard Group Inc. now owns 421,361 shares of the financial services provider’s stock valued at $9,270,000 after acquiring an additional 19,903 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Codorus Valley Bancorp by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 393,654 shares of the financial services provider’s stock worth $8,168,000 after purchasing an additional 4,690 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in Codorus Valley Bancorp by 1.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 294,780 shares of the financial services provider’s stock worth $5,495,000 after purchasing an additional 2,959 shares during the last quarter. 50.72% of the stock is owned by institutional investors.
About Codorus Valley Bancorp (Get Free Report)
Codorus Valley Bancorp, Inc operates as the bank holding company for the PeoplesBank that provides community banking services in South Central Pennsylvania and Central Maryland. The company accepts demand, money market, time, 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; and consumer loans, including residential mortgage, home equity, and others.
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