Codorus Valley Bancorp
Market Cap
US$172.6m
Last Updated
2021/01/19 23:55 UTC
Data Sources
Company Financials
Executive Summary
Codorus Valley Bancorp, Inc. operates as the bank holding company for the PeoplesBank that provides community banking services. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and fair 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
-1.2%
CVLY
-1.8%
US Banks
0.3%
US Market
1 Year Return
-20.5%
CVLY
-6.2%
US Banks
21.1%
US Market
Return vs Industry: CVLY underperformed the US Banks industry which returned -7.3% over the past year.
Return vs Market: CVLY underperformed the US Market which returned 19.5% over the past year.
Shareholder returns
| CVLY | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.2% | -1.8% | 0.3% |
| 30 Day | 4.2% | 13.5% | 3.3% |
| 90 Day | 29.8% | 38.8% | 14.2% |
| 1 Year | -17.6%-20.5% | -2.7%-6.2% | 23.8%21.1% |
| 3 Year | -27.0%-32.5% | 1.1%-7.6% | 45.0%35.4% |
| 5 Year | 18.3%4.8% | 89.7%65.6% | 127.7%102.3% |
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
7 hours ago | Simply Wall St
Dividend Investors: Don't Be Too Quick To Buy Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) For Its Upcoming Dividend2 days ago | Simply Wall St
What Type Of Shareholders Make Up Codorus Valley Bancorp, Inc.'s (NASDAQ:CVLY) Share Registry?4 weeks ago | Simply Wall St
Codorus Valley Bancorp's (NASDAQ:CVLY) Stock Price Has Reduced 33% In The Past Three YearsValuation
Is Codorus Valley Bancorp undervalued compared to its fair value and its price relative to the market?
28.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CVLY ($17.62) is trading below our estimate of fair value ($24.53)
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 (21x) compared to the US Banks industry average (12.3x).
PE vs Market: CVLY's PE Ratio (21x) is in line with the US market.
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?
12.5%
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
- Examine whether Codorus Valley Bancorp is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Explore growth companies in the Banks industry.
Past Performance
How has Codorus Valley Bancorp performed over the past 5 years?
4.6%
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 (-4.4%).
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
Dividend
What is Codorus Valley Bancorp current dividend yield, its reliability and sustainability?
2.27%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: CVLY's dividend (2.27%) is higher than the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: CVLY's dividend (2.27%) is low compared to the top 25% of dividend payers in the US market (3.85%).
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
Management
How experienced are the management team and are they aligned to shareholders interests?
2.9yrs
Average management tenure
CEO
Larry Miller (68 yo)
35yrs
Tenure
US$563,226
Compensation
Mr. Larry J. Miller has been the Chief Executive Officer of Codorus Valley BanCorp, Inc. (“BanCorp”) since 1986 and has been its President since 1986 and Chairman since August 8, 2015. He serves as Executi...
CEO Compensation Analysis
Compensation vs Market: Larry's total compensation ($USD563.23K) is below average for companies of similar size in the US market ($USD1.01M).
Compensation vs Earnings: Larry's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 35yrs | US$563.23k | 1.36% $ 2.3m | |
| Executive VP | 1.25yrs | US$569.83k | 0.18% $ 317.4k | |
| Treasurer | 2.42yrs | US$314.39k | 0.024% $ 40.8k | |
| VP, Assistant Treasurer & Assistant Secretary | 2.92yrs | US$371.38k | 0.13% $ 229.9k | |
| Secretary & General Counsel | 3yrs | US$333.89k | 0.022% $ 38.0k | |
| Chief Administrative Officer & Senior VP of Peoplesbank | no data | US$300.98k | 0.19% $ 323.7k | |
| Senior VP & Chief Credit Officer | 3yrs | no data | 0.0069% $ 11.9k | |
| Senior VP & Director of Commercial Banking | 1yr | no data | no data |
2.9yrs
Average Tenure
57.5yo
Average Age
Experienced Management: CVLY's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 35yrs | US$563.23k | 1.36% $ 2.3m | |
| Executive VP | 1.25yrs | US$569.83k | 0.18% $ 317.4k | |
| Independent Vice Chairman & Lead Director | 3.5yrs | US$69.33k | 0.051% $ 88.0k | |
| Independent Director | 28yrs | US$54.33k | 0.32% $ 553.7k | |
| Independent Director | 35yrs | US$59.27k | 0.37% $ 638.8k | |
| Independent Director | 9.17yrs | US$61.54k | 0.48% $ 823.5k | |
| Independent Director | 9.17yrs | US$55.86k | 0.060% $ 102.9k | |
| Independent Director | 5yrs | US$55.68k | 0.43% $ 735.0k | |
| Independent Director | 0.92yr | no data | 0.029% $ 50.2k | |
| Independent Director | 3.5yrs | US$53.59k | 0.21% $ 363.3k | |
| Independent Director | 0.92yr | no data | 0.014% $ 24.2k |
5.0yrs
Average Tenure
64yo
Average Age
Experienced Board: CVLY's board of directors are considered experienced (5 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 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$172.594m
- Shares outstanding: 9.80m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CVLY | NasdaqGM (Nasdaq Global Market) | Yes | Common Stock | US | USD | Oct 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, as well...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/19 23:55 |
| End of Day Share Price | 2021/01/19 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.