Codorus Valley Bancorp, Inc. (CVLY) | Investment Case

1. Company Snapshot

1.a. Company Description

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.In addition, the company provides mortgage and wealth management services; and sells non-deposit investment products.It operates through twenty-five full service financial centers located in South Central Pennsylvania and Central Maryland.

The company was founded in 1864 and is headquartered in York, Pennsylvania.

Show Full description

1.b. Last Insights on CVLY

Codorus Valley Bancorp, Inc. (CVLY) experienced a 11.0% performance over the past 3 months, driven by a series of events. The company reported a decrease in net income, but excluding merger-related expenses, net income and diluted earnings per share were $4.3 million and $0.45, respectively. Additionally, the company declared a regular quarterly cash dividend and received shareholder approvals for its merger with Orrstown Financial Services, Inc. These developments likely contributed to the stock's performance.

1.c. Company Highlights

Last Price	24.04
Change Percentage	4.98%
Open	23.48
Previous Close	22.9
Market Cap ( Millions)	232
Volume	565905
Year High	25.88
Year Low	17.62
M A 50	22.15
M A 200	21.88

FCF Yield	6.70%
Dividend Yield	0.00%
ROE	13.25%
Debt / Equity	50.98%
Net Debt / EBIDTA	-1903.33%
Price To Book	1.16
Price Earnings Ratio	9.25
Price To FCF	14.93
Price To sales	1.79
EV / EBITDA	-83.99

2. Transcript Summary

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3. NewsRoom

Orrstown Financial Services, Inc. and Codorus Valley Bancorp, Inc. Announce Receipt of Regulatory Approvals for Merger of Equals

Jun -17

Source: globenewswire.com

Orrstown Financial Services, Inc. and Codorus Valley Bancorp, Inc. Announce Receipt of Shareholder Approvals for Merger of Equals

May -30

Source: globenewswire.com

CODORUS VALLEY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Codorus Valley Bancorp, Inc. - CVLY

Apr -26

Source: businesswire.com

Codorus Valley Bancorp, Inc. Reports First Quarter 2024 Results

Apr -25

Source: globenewswire.com

Codorus Valley Bancorp, Inc. Declares Quarterly Cash Dividend

Apr -10

Source: globenewswire.com

CODORUS VALLEY INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Codorus Valley Bancorp, Inc. - CVLY

Jan -27

Source: prnewswire.com

Codorus Valley Bancorp, Inc. Reports Fourth Quarter 2023 Results and Record Earnings for the Year

Jan -25

Source: globenewswire.com

Codorus Valley Bancorp, Inc. Declares Quarterly Cash Dividend

Jan -10

Source: globenewswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (1.00%)

6. Segments

Community Banking

Expected Growth: 1.0%

Community Banking growth driven by strategic branch expansion, increased commercial lending, and deposit growth from local relationships. Additionally, investments in digital banking platforms and customer service enhancements contribute to 1.0% growth.

7. Detailed Products

Personal Banking

Codorus Valley Bancorp, Inc. offers a range of personal banking services, including checking and savings accounts, credit cards, loans, and investment products.

Business Banking

The company provides business banking services, including commercial loans, cash management, and treasury management solutions, to help businesses grow and succeed.

Mortgage Lending

Codorus Valley Bancorp, Inc. offers a variety of mortgage loan options, including fixed-rate and adjustable-rate mortgages, to help individuals and families achieve homeownership.

Wealth Management

The company provides wealth management services, including investment advice, portfolio management, and retirement planning, to help individuals and families achieve their long-term financial goals.

Online Banking

Codorus Valley Bancorp, Inc. offers online banking services, including bill pay, fund transfers, and account management, to provide customers with convenient and secure access to their accounts.

Mobile Banking

The company provides mobile banking services, including mobile deposit, account management, and bill pay, to provide customers with on-the-go access to their accounts.

8. Codorus Valley Bancorp, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Codorus Valley Bancorp, Inc. is moderate due to the presence of alternative financial institutions and online banking services.

Bargaining Power Of Customers

The bargaining power of customers is low for Codorus Valley Bancorp, Inc. as customers have limited negotiating power and the company has a strong brand presence.

Bargaining Power Of Suppliers

The bargaining power of suppliers is moderate for Codorus Valley Bancorp, Inc. as the company relies on a few large suppliers for its operations.

Threat Of New Entrants

The threat of new entrants is high for Codorus Valley Bancorp, Inc. due to the relatively low barriers to entry in the banking industry.

Intensity Of Rivalry

The intensity of rivalry is high for Codorus Valley Bancorp, Inc. due to the presence of several established competitors in the banking industry.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

	Value
Debt Weight	33.04%
Debt Cost	3.95%
Equity Weight	66.96%
Equity Cost	6.69%
WACC	5.78%
Leverage	49.33%

11. Quality Control: Codorus Valley Bancorp, Inc. passed 3 out of 9 key points

Strong Liquidity

Low Debt

Strong Interest Coverage

Healthy Cash Flow

Operating Efficiency

Strong Return On Equity

Consistent Revenue Growth

Consistent Operating Cash Flow Growth

Margin Improvement

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

United Bancshares

A-Score: 7.5/10

Value: 8.3

Growth: 4.3

Quality: 7.8

Yield: 6.0

Momentum: 10.0

Volatility: 8.7

1-Year Total Return ->

Richmond Mutual Bancorporation

A-Score: 7.2/10

Value: 7.6

Growth: 8.1

Quality: 5.1

Yield: 8.0

Momentum: 7.5

Volatility: 7.0

1-Year Total Return ->

Univest Financial

A-Score: 6.3/10

Value: 7.2

Growth: 5.0

Quality: 6.5

Yield: 6.0

Momentum: 6.0

Volatility: 7.3

1-Year Total Return ->

Trustmark

A-Score: 6.2/10

Value: 6.3

Growth: 4.8

Quality: 5.9

Yield: 5.0

Momentum: 7.5

Volatility: 8.0

1-Year Total Return ->

First US Bancshares

A-Score: 5.1/10

Value: 6.9

Growth: 5.3

Quality: 4.2

Yield: 4.0

Momentum: 6.5

Volatility: 4.0

1-Year Total Return ->

Codorus Valley

A-Score: 5.1/10

Value: 7.1

Growth: 6.0

Quality: 7.4

Yield: 2.0

Momentum: 5.0

Volatility: 3.3

1-Year Total Return ->

Peers Metrics

12.e Scoring ^Insights

12.f DCF ^BETA

Parameters

Short Term Growth

-3.45%

Short term Time

10.0

Long-Term Growth

2.00%

WACC

5.78%

Codorus Valley Bancorp, Inc. - US1920251048

1. Company Snapshot

1.a. Company Description

1.b. Last Insights on CVLY

1.c. Company Highlights

Stable Momentum

Average Quality

Average Growth

Earnings Miss

Revenues Beats

Medium Volatility

Earnings Beats

Less Volatile

Weak Momentum

Fairly Valued

Average Yield

More Volatile

2. Transcript Summary

3. NewsRoom

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (1.00%)

6. Segments

Community Banking

Expected Growth: 1.0%

7. Detailed Products

Personal Banking

Business Banking

Mortgage Lending

Wealth Management

Online Banking

Mobile Banking

8. Codorus Valley Bancorp, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Bargaining Power Of Customers

Bargaining Power Of Suppliers

Threat Of New Entrants

Intensity Of Rivalry

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

11. Quality Control: Codorus Valley Bancorp, Inc. passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

24.04$

Current Price

24.04$

Potential

-0.00%

Expected Cash-Flows

12.e Scoring ^Insights

12.f DCF ^BETA