Stock Analysis Report

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Codorus Valley Bancorp

Executive Summary

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

Snowflake Analysis

Flawless balance sheet and good value.

Similar Companies

Share Price & News

How has Codorus Valley Bancorp's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: CVLY is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: CVLY's weekly volatility (5%) has been stable over the past year.

Market Performance

7 Day Return




US Banks


US Market

1 Year Return




US Banks


US Market

Return vs Industry: CVLY underperformed the US Banks industry which returned -6.6% over the past year.

Return vs Market: CVLY underperformed the US Market which returned 23.8% over the past year.

Shareholder returns

7 Day-1.5%-2.3%2.3%
30 Day2.0%7.4%4.8%
90 Day26.0%30.1%14.5%
1 Year-20.0%-22.8%-3.2%-6.6%26.6%23.8%
3 Year-26.5%-32.1%-2.3%-10.7%45.0%35.4%
5 Year17.8%4.3%77.3%54.9%126.2%101.0%

Long-Term Price Volatility Vs. Market

How volatile is Codorus Valley Bancorp's share price compared to the market and industry in the last 5 years?

Simply Wall St News


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


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: CVLY ($17.53) is trading below our estimate of fair value ($24.48)

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 (20.9x) compared to the US Banks industry average (12.2x).

PE vs Market: CVLY is good value based on its PE Ratio (20.9x) compared to the US market (21.3x).

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 is good value based on its PB Ratio (0.9x) compared to the US Banks industry average (1x).

Next Steps

Future Growth

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


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.

Next Steps

Past Performance

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


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CVLY has high quality earnings.

Growing Profit Margin: CVLY's current net profit margins (13.2%) are lower than last year (24.9%).

Past Earnings Growth Analysis

Earnings Trend: CVLY's earnings have grown by 4.6% per year over the past 5 years.

Accelerating Growth: CVLY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CVLY had negative earnings growth (-55.8%) over the past year, making it difficult to compare to the Banks industry average (-3%).

Return on Equity

High ROE: CVLY's Return on Equity (4.2%) is considered low.

Next Steps

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 (10.9x) is moderate.

Allowance for Bad Loans: CVLY has a sufficient allowance for bad loans (103%).

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 (74%).

Low Risk Deposits: CVLY's Loans to Deposits ratio (84%) is appropriate.

Level of Bad Loans: CVLY has an appropriate level of bad loans (1.3%).

Next Steps


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


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CVLY's dividend (2.28%) is higher than the bottom 25% of dividend payers in the US market (1.38%).

High Dividend: CVLY's dividend (2.28%) is low compared to the top 25% of dividend payers in the US market (3.86%).

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 reasonable payout ratio (68.3%), CVLY's dividend payments are 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


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


Average management tenure


Larry Miller (68 yo)





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

CEO Compensation Analysis

Compensation vs Market: Larry's total compensation ($USD563.23K) is below average for companies of similar size in the US market ($USD992.69K).

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

Leadership Team

Larry Miller
$ 2.3m
Craig Kauffman
Executive VP1.25yrsUS$569.83k0.18%
$ 315.8k
Larry Pickett
$ 40.6k
Diane Baker
VP, Assistant Treasurer & Assistant Secretary2.92yrsUS$371.38k0.13%
$ 228.7k
Timothy Nieman
Secretary & General Counsel3yrsUS$333.89k0.022%
$ 37.8k
Matthew Clemens
Chief Administrative Officer & Senior VP of Peoplesbankno dataUS$300.98k0.19%
$ 322.1k
E. Ginder
Senior VP & Chief Credit Officer3yrsno data0.0069%
$ 11.9k
Harland Carney
Senior VP & Director of Commercial Banking1yrno datano data


Average Tenure


Average Age

Experienced Management: CVLY's management team is considered experienced (2.9 years average tenure).

Board Members

Larry Miller
$ 2.3m
Craig Kauffman
Executive VP1.25yrsUS$569.83k0.18%
$ 315.8k
Harry Swift
Independent Vice Chairman & Lead Director3.5yrsUS$69.33k0.051%
$ 87.6k
MacGregor Jones
Independent Director28yrsUS$54.33k0.32%
$ 550.9k
Dallas Smith
Independent Director35yrsUS$59.27k0.37%
$ 635.6k
Cynthia Dotzel
Independent Director9.17yrsUS$61.54k0.48%
$ 819.3k
Jeffrey Hines
Independent Director9.17yrsUS$55.86k0.060%
$ 102.4k
Brian Brunner
Independent Director5yrsUS$55.68k0.43%
$ 731.3k
John Messick
Independent Director0.92yrno data0.029%
$ 50.0k
John Giambalvo
Independent Director3.5yrsUS$53.59k0.21%
$ 361.5k
Sarah Brown
Independent Director0.92yrno data0.014%
$ 24.1k


Average Tenure


Average Age

Experienced Board: CVLY's board of directors are considered experienced (5 years average tenure).


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 company bio, 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$171.713m
  • Shares outstanding: 9.80m
  • Website:

Number of Employees


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


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CVLYNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDOct 1990


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...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/24 00:16
End of Day Share Price2021/01/22 00:00
Annual Earnings2019/12/31

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.