Codorus Valley Bancorp (NASDAQ:CVLY) is a Pennsylvania bank holding company for PeoplesBank. With origins tracing back to 1864 and organized in 1934, it has $901 million in deposits, $1.05 billion in assets and a tangible book value of $71 million. In 2012, Codorus had record earnings of $9 million -- or a return on tangible equity of 12%. With a current market cap of $79.22 million, Codorus has an earnings yield of 11.3% or a PE of 8.8. Codorus also has been growing its depositor base.
Codorus looks primed to continue to achieve earnings around $9 million. The earnings yield is satisfactory in itself, but an investment in Codorus is characterized by its historically rapid growth, its strong...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|