CVLY

Codorus Valley BancorpNasdaqGM:CVLY Stock Report

Market Cap

US$207.6m

7D

-3.7%

1Y

65.0%

Updated

20 Sep, 2021

Data

Company Financials
CVLY fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance5/6
Financial Health4/6
Dividends3/6

CVLY Overview

Codorus Valley Bancorp, Inc. operates as the bank holding company for the PeoplesBank that provides community banking services.

Codorus Valley Bancorp Competitors

Metropolitan Bank Holding

NYSE:MCB

US$819.6m

Heritage Commerce

NasdaqGS:HTBK

US$679.7m

Bank of Marin Bancorp

NasdaqCM:BMRC

US$584.3m

Cambridge Bancorp

NasdaqCM:CATC

US$583.8m

Price History & Performance

Summary of all time highs, changes and price drops for Codorus Valley Bancorp
Historical stock prices
Current Share PriceUS$20.95
52 Week HighUS$12.08
52 Week LowUS$23.00
Beta0.76
1 Month Change-6.01%
3 Month Change5.28%
1 Year Change64.96%
3 Year Change-27.75%
5 Year Change19.16%
Change since IPO630.44%

Recent News & Updates

Shareholder Returns

CVLYUS BanksUS Market
7D-3.7%-3.5%-2.5%
1Y65.0%64.8%33.0%

Return vs Industry: CVLY exceeded the US Banks industry which returned 63.3% over the past year.

Return vs Market: CVLY exceeded the US Market which returned 33.8% over the past year.

Price Volatility

Is CVLY's price volatile compared to industry and market?
CVLY volatility
CVLY Beta0.76
Industry Beta1.37
Market Beta1

Stable Share Price: CVLY is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: CVLY's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1864333Larry Millerhttps://www.peoplesbanknet.com

Codorus Valley Bancorp, Inc. operates as the bank holding company for the PeoplesBank that provides community banking services. 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; consume loans, including residential mortgage, home equity, and others.

Codorus Valley Bancorp Fundamentals Summary

How do Codorus Valley Bancorp's earnings and revenue compare to its market cap?
CVLY fundamental statistics
Market CapUS$207.62m
Earnings (TTM)US$15.56m
Revenue (TTM)US$73.03m

13.1x

P/E Ratio

1.0x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CVLY income statement (TTM)
RevenueUS$73.03m
Cost of RevenueUS$0
Gross ProfitUS$73.03m
ExpensesUS$57.47m
EarningsUS$15.56m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.59
Gross Margin100.00%
Net Profit Margin21.31%
Debt/Equity Ratio32.3%

How did CVLY perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

26%

Payout Ratio

Valuation

Is Codorus Valley Bancorp undervalued compared to its fair value and its price relative to the market?

24.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CVLY ($20.95) is trading below our estimate of fair value ($27.81)

Significantly Below Fair Value: CVLY is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CVLY is poor value based on its PE Ratio (13.1x) compared to the US Banks industry average (10.8x).

PE vs Market: CVLY is good value based on its PE Ratio (13.1x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CVLY's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CVLY's PB Ratio (1x) is in line with the US Banks industry average.


Future Growth

How is Codorus Valley Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.9%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Codorus Valley Bancorp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Codorus Valley Bancorp performed over the past 5 years?

0.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CVLY has high quality earnings.

Growing Profit Margin: CVLY's current net profit margins (21.3%) are higher than last year (15.2%).


Past Earnings Growth Analysis

Earnings Trend: CVLY's earnings have grown by 0.2% per year over the past 5 years.

Accelerating Growth: CVLY's earnings growth over the past year (59.5%) exceeds its 5-year average (0.2% per year).

Earnings vs Industry: CVLY earnings growth over the past year (59.5%) exceeded the Banks industry 36%.


Return on Equity

High ROE: CVLY's Return on Equity (7.8%) is considered low.


Financial Health

How is Codorus Valley Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: CVLY's Assets to Equity ratio (11.2x) is moderate.

Allowance for Bad Loans: CVLY has a low allowance for bad loans (55%).

Low Risk Liabilities: 96% of CVLY's liabilities are made up of primarily low risk sources of funding.

Loan Level: CVLY has an appropriate level of Loans to Assets ratio (68%).

Low Risk Deposits: CVLY's Loans to Deposits ratio (78%) is appropriate.

Level of Bad Loans: CVLY has a high level of bad loans (2.6%).


Dividend

What is Codorus Valley Bancorp current dividend yield, its reliability and sustainability?

1.91%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CVLY's dividend (1.91%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: CVLY's dividend (1.91%) is low compared to the top 25% of dividend payers in the US market (3.6%).


Stability and Growth of Payments

Stable Dividend: CVLY's dividend payments have been volatile in the past 10 years.

Growing Dividend: CVLY's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (26.5%), CVLY's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.1yrs

Average management tenure


CEO

Larry Miller (69 yo)

35.67yrs

Tenure

US$472,649

Compensation

Mr. Larry J. Miller has been the Chief Executive Officer of Codorus Valley BanCorp, Inc. (“BanCorp”) since 1986 and has been its President and Director since 1986 and Chairman since August 8, 2015. He serv...


CEO Compensation Analysis

Compensation vs Market: Larry's total compensation ($USD472.65K) is below average for companies of similar size in the US market ($USD1.10M).

Compensation vs Earnings: Larry's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CVLY's management team is considered experienced (3.1 years average tenure).


Board Members

Experienced Board: CVLY's board of directors are considered experienced (3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CVLY insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Codorus Valley Bancorp, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Codorus Valley Bancorp, Inc.
  • Ticker: CVLY
  • Exchange: NasdaqGM
  • Founded: 1864
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$207.618m
  • Shares outstanding: 9.75m
  • Website: https://www.peoplesbanknet.com

Number of Employees


Location

  • Codorus Valley Bancorp, Inc.
  • 105 Leader Heights Road
  • PO Box 2887
  • York
  • Pennsylvania
  • 17405
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/20 22:29
End of Day Share Price2021/09/20 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.