Codorus Valley Bancorp, Inc. (CVLY) Stake Lifted by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its holdings in shares of Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) by 4.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 47,633 shares of the financial services provider’s stock after acquiring an additional 2,148 shares during the period. Bank of New York Mellon Corp’s holdings in Codorus Valley Bancorp were worth $1,012,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. BlackRock Inc. lifted its holdings in Codorus Valley Bancorp by 8.6% in the 4th quarter. BlackRock Inc. now owns 478,226 shares of the financial services provider’s stock valued at $10,162,000 after purchasing an additional 37,852 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Codorus Valley Bancorp by 6.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 177,555 shares of the financial services provider’s stock valued at $5,547,000 after purchasing an additional 10,899 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Codorus Valley Bancorp by 5.0% in the 4th quarter. California Public Employees Retirement System now owns 14,462 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 688 shares in the last quarter. Rhumbline Advisers lifted its holdings in Codorus Valley Bancorp by 50.9% in the 4th quarter. Rhumbline Advisers now owns 12,878 shares of the financial services provider’s stock valued at $274,000 after purchasing an additional 4,344 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in Codorus Valley Bancorp by 5.0% in the 4th quarter. New York State Common Retirement Fund now owns 9,668 shares of the financial services provider’s stock valued at $205,000 after purchasing an additional 460 shares in the last quarter. Hedge funds and other institutional investors own 53.92% of the company’s stock.

Shares of CVLY stock opened at $20.95 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $198.14 million, a price-to-earnings ratio of 10.31 and a beta of 0.72. Codorus Valley Bancorp, Inc. has a fifty-two week low of $19.65 and a fifty-two week high of $33.45.

Codorus Valley Bancorp (NASDAQ:CVLY) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.43 earnings per share for the quarter. The company had revenue of $18.75 million for the quarter. Codorus Valley Bancorp had a return on equity of 11.22% and a net margin of 20.38%.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 23rd will be issued a $0.16 dividend. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $0.64 dividend on an annualized basis and a yield of 3.05%.

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Codorus Valley Bancorp Profile

Codorus Valley Bancorp, Inc provides banking solutions. The bank offers demand deposits and interest and non-interest bearing time and savings deposits. It's deposits include jumbo deposits and retail time deposits. The bank provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases.

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Institutional Ownership by Quarter for Codorus Valley Bancorp (NASDAQ:CVLY)

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