Maltese Capital Management LLC raised its position in Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) by 15.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 400,540 shares of the financial services provider’s stock after buying an additional 53,683 shares during the quarter. Codorus Valley Bancorp makes up approximately 1.1% of Maltese Capital Management LLC’s portfolio, making the stock its 25th biggest position. Maltese Capital Management LLC owned approximately 4.51% of Codorus Valley Bancorp worth $12,301,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CVLY. Rhumbline Advisers lifted its stake in Codorus Valley Bancorp by 5.3% in the second quarter. Rhumbline Advisers now owns 8,763 shares of the financial services provider’s stock valued at $249,000 after buying an additional 440 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Codorus Valley Bancorp in the second quarter valued at approximately $223,000. Bank of New York Mellon Corp increased its holdings in shares of Codorus Valley Bancorp by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 31,363 shares of the financial services provider’s stock valued at $891,000 after purchasing an additional 713 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Codorus Valley Bancorp by 19.5% in the second quarter. Wells Fargo & Company MN now owns 6,790 shares of the financial services provider’s stock valued at $193,000 after purchasing an additional 1,108 shares during the period. Finally, Teachers Advisors LLC increased its holdings in shares of Codorus Valley Bancorp by 5.4% in the second quarter. Teachers Advisors LLC now owns 14,438 shares of the financial services provider’s stock valued at $410,000 after purchasing an additional 741 shares during the period. Institutional investors own 50.24% of the company’s stock.
Codorus Valley Bancorp, Inc. (NASDAQ CVLY) opened at $29.09 on Thursday. The stock has a market capitalization of $254.54, a P/E ratio of 18.01 and a beta of 0.70. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.82. Codorus Valley Bancorp, Inc. has a twelve month low of $23.96 and a twelve month high of $34.75.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, October 24th were issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date was Monday, October 23rd. Codorus Valley Bancorp’s payout ratio is currently 33.95%.
ILLEGAL ACTIVITY WARNING: “Maltese Capital Management LLC Raises Holdings in Codorus Valley Bancorp, Inc. (CVLY)” was originally published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://www.com-unik.info/2017/12/07/maltese-capital-management-llc-raises-holdings-in-codorus-valley-bancorp-inc-cvly.html.
Codorus Valley Bancorp Company Profile
Codorus Valley Bancorp, Inc is a bank holding company. The Company provides a range of banking services through its subsidiary, PeoplesBank, A Codorus Valley Company (PeoplesBank). The Company operates through the community banking segment. PeoplesBank is a chartered bank that offers a range of business and consumer banking services.
Want to see what other hedge funds are holding CVLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Codorus Valley Bancorp, Inc. (NASDAQ:CVLY).
What are top analysts saying about Codorus Valley Bancorp Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Codorus Valley Bancorp Inc. and related companies.