NasdaqGM:CVLY

Stock Analysis Report

Codorus Valley Bancorp

Executive Summary

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


Snowflake Analysis

Good value with adequate balance sheet.


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.5%

CVLY

1.1%

US Banks

0.7%

US Market


1 Year Return

-2.8%

CVLY

21.0%

US Banks

18.2%

US Market

Return vs Industry: CVLY underperformed the US Banks industry which returned 21% over the past year.

Return vs Market: CVLY underperformed the US Market which returned 18.2% over the past year.


Shareholder returns

CVLYIndustryMarket
7 Day0.5%1.1%0.7%
30 Day-0.6%0.8%1.5%
90 Day0%10.5%5.0%
1 Year-0.02%-2.8%24.6%21.0%20.8%18.2%
3 Year-3.4%-9.8%31.6%22.4%45.2%35.8%
5 Year54.4%37.2%79.1%59.2%71.6%52.7%

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

Valuation

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

7.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CVLY ($22) is trading below our estimate of fair value ($23.69)

Significantly Below Fair Value: CVLY is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: CVLY is good value based on its PE Ratio (11.8x) compared to the Banks industry average (12.7x).

PE vs Market: CVLY is good value based on its PE Ratio (11.8x) compared to the US market (18.5x).


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 (1.1x) compared to the US Banks industry average (1.2x).


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?

0.4%

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?

12.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CVLY has high quality earnings.

Growing Profit Margin: CVLY's current net profit margins (24.9%) are higher than last year (22.5%).


Past Earnings Growth Analysis

Earnings Trend: CVLY's earnings have grown by 12.2% per year over the past 5 years.

Accelerating Growth: CVLY's earnings growth over the past year (10.9%) is below its 5-year average (12.2% per year).

Earnings vs Industry: CVLY earnings growth over the past year (10.9%) underperformed the Banks industry 27.1%.


Return on Equity

High ROE: CVLY's Return on Equity (9.8%) is considered low.


Return on Assets


Return on Capital Employed


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

Inventory Level: CVLY has a low level of unsold assets or inventory.

Debt Coverage by Assets: CVLY's debt is covered by short term assets (assets are 1.3x debt).


Financial Institutions Analysis

Asset Level: CVLY's level of assets compared to its equity is low.

Allowance for Bad Loans: CVLY has a low allowance for bad loans.

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

Loan Level: CVLY has an acceptable proportion of non-loan assets held.

Low Risk Deposits: CVLY's loans are broadly funded by customer deposits.

Level of Bad Loans: CVLY has a high level of bad loans (2.15%)


Next Steps

Dividend

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

2.77%

Current Dividend Yield


Dividend Yield vs Market

company2.8%marketbottom25%1.4%markettop25%3.7%industryaverage2.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: CVLY's dividend (2.77%) is higher than the bottom 25% of dividend payers in the US market (1.43%).

High Dividend: CVLY's dividend (2.77%) is low compared to the top 25% of dividend payers in the US market (3.7%).


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 (31.9%), 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

What is the CEO of Codorus Valley Bancorp's salary, the management and board of directors tenure and is there insider trading?

1.9yrs

Average management tenure


CEO

Larry Miller (67yo)

33.9yrs

Tenure

US$731,991

Compensation

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 ($USD731.99K) is below average for companies of similar size in the US market ($USD1.12M).

Compensation vs Earnings: Larry's compensation has increased by more than 20% in the past year.


Management Age and Tenure

1.9yrs

Average Tenure

55yo

Average Age

Experienced Management: CVLY's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Age and Tenure

4.3yrs

Average Tenure

65yo

Average Age

Experienced Board: CVLY's board of directors are considered experienced (4.3 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyUS$223,18804 Dec 19
Craig Kauffman
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares10,000
Max PriceUS$22.90
BuyUS$8,89507 Nov 19
John Giambalvo
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares410
Max PriceUS$21.69
BuyUS$8,38308 Aug 19
John Giambalvo
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares390.6
Max PriceUS$21.46
SellUS$46,00029 Jul 19
MacGregor Jones
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,100
Max PriceUS$21.90
SellUS$69,00026 Jul 19
MacGregor Jones
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares3,150
Max PriceUS$21.90
BuyUS$19,26107 Jun 19
Brian Brunner
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares972.3
Max PriceUS$19.81
BuyUS$1,53906 Jun 19
Brian Brunner
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares77.7
Max PriceUS$19.81
BuyUS$85,00005 Jun 19
Brian Brunner
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares4,200
Max PriceUS$20.24
SellUS$10,50605 Jun 19
Dallas Smith
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares535.5
Max PriceUS$19.62
BuyUS$8,07307 May 19
John Giambalvo
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares388.5
Max PriceUS$20.78
BuyUS$21,00006 May 19
Brian Brunner
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,050
Max PriceUS$20.00
BuyUS$20,89702 May 19
Brian Brunner
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,050
Max PriceUS$19.90
SellUS$22,74004 Mar 19
Harry Swift
EntityIndividual
Role
Vice Chairman
Vice Chairman & Lead Director
Shares1,050
Max PriceUS$21.66
BuyUS$8,04707 Feb 19
John Giambalvo
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares369.6
Max PriceUS$21.77

Ownership Breakdown

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


Management Team

  • Larry Miller (67yo)

    Chairman

    • Tenure: 33.9yrs
    • Compensation: US$731.99k
  • Matthew Clemens

    Chief Administrative Officer & Senior VP of Peoplesbank

    • Tenure: 0yrs
    • Compensation: US$300.98k
  • Diane Baker (48yo)

    VP, Assistant Treasurer & Assistant Secretary

    • Tenure: 1.8yrs
    • Compensation: US$397.60k
  • Larry Pickett (58yo)

    Treasurer

    • Tenure: 1.3yrs
    • Compensation: US$118.32k
  • Craig Kauffman (55yo)

    Executive VP

    • Tenure: 0.2yrs
    • Compensation: US$273.43k
  • Tim Nieman (53yo)

    Secretary & General Counsel

    • Tenure: 1.9yrs
    • Compensation: US$333.89k
  • E. Ginder

    Senior VP & Chief Credit Officer

    • Tenure: 1.9yrs

Board Members

  • Larry Miller (67yo)

    Chairman

    • Tenure: 33.9yrs
    • Compensation: US$731.99k
  • Ron Swift (71yo)

    Vice Chairman & Lead Director

    • Tenure: 2.4yrs
    • Compensation: US$69.08k
  • MacGregor Jones (73yo)

    Independent Director

    • Tenure: 26.9yrs
    • Compensation: US$54.05k
  • Dallas Smith (73yo)

    Independent Director

    • Tenure: 33.9yrs
    • Compensation: US$59.58k
  • Cindy Dotzel (65yo)

    Independent Director

    • Tenure: 8.1yrs
    • Compensation: US$62.64k
  • Jeff Hines (58yo)

    Independent Director

    • Tenure: 8.1yrs
    • Compensation: US$55.67k
  • Brian Brunner (63yo)

    Independent Director

    • Tenure: 3.9yrs
    • Compensation: US$57.92k
  • Craig Kauffman (55yo)

    Executive VP

    • Tenure: 0.2yrs
    • Compensation: US$273.43k
  • John Giambalvo (50yo)

    Independent Director

    • Tenure: 2.4yrs
    • Compensation: US$55.27k

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$213.965m
  • Shares outstanding: 9.73m
  • 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

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

Biography

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. It also ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/09 23:34
End of Day Share Price2019/12/09 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.