BlackRock Inc. grew its stake in Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) by 9.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 437,094 shares of the financial services provider’s stock after acquiring an additional 38,436 shares during the quarter. BlackRock Inc. owned about 4.88% of Codorus Valley Bancorp worth $13,410,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of CVLY. Schwab Charles Investment Management Inc. lifted its position in Codorus Valley Bancorp by 49.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 19,632 shares of the financial services provider’s stock worth $603,000 after buying an additional 6,466 shares during the period. LSV Asset Management purchased a new position in Codorus Valley Bancorp during the second quarter worth about $184,000. Salzhauer Michael purchased a new position in Codorus Valley Bancorp during the second quarter worth about $307,000. Finally, Dimensional Fund Advisors LP lifted its position in Codorus Valley Bancorp by 11.9% during the first quarter. Dimensional Fund Advisors LP now owns 148,684 shares of the financial services provider’s stock worth $4,181,000 after buying an additional 15,805 shares during the period. Institutional investors and hedge funds own 50.66% of the company’s stock.
CVLY has been the topic of several recent analyst reports. BidaskClub downgraded Codorus Valley Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. ValuEngine downgraded Codorus Valley Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, October 22nd.
NASDAQ CVLY opened at $26.25 on Thursday. Codorus Valley Bancorp, Inc. has a twelve month low of $24.83 and a twelve month high of $33.45. The stock has a market cap of $245.17 million, a P/E ratio of 13.15 and a beta of 0.58. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.79.
Codorus Valley Bancorp (NASDAQ:CVLY) last released its earnings results on Thursday, October 18th. The financial services provider reported $0.50 earnings per share for the quarter. Codorus Valley Bancorp had a return on equity of 11.66% and a net margin of 18.33%. The firm had revenue of $19.74 million for the quarter.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 13th. Investors of record on Tuesday, October 23rd will be given a dividend of $0.155 per share. The ex-dividend date is Monday, October 22nd. This represents a $0.62 annualized dividend and a yield of 2.36%.
About Codorus Valley Bancorp
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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