Fulton Bank N.A. Invests $224,000 in Codorus Valley Bancorp, in 2023.
March 24, 2023
Trending News 🌥️
This investment is meant to support the continued expansion and success of the organization. Codorus Valley Bancorp ($NASDAQ:CVLY), Inc., is a financial holding company based in York, Pennsylvania and focuses on providing full-service banking solutions to both businesses and individuals. This investment will help the organization to continue to grow and develop, offering more products and services to its customers. This will include increasing the number of branches and ATMs as well as introducing new digital banking solutions. With this investment, Codorus Valley Bancorp will be able to continue its commitment to providing reliable banking services to its customers. This investment is also expected to create new jobs and business opportunities in the York area.
The investment from Fulton Bank N.A. is an important step in the continued success of Codorus Valley Bancorp, Inc. It will help the organization to expand its services and reach more customers. This investment is also beneficial for the local York area, as it will create more job opportunities and business opportunities for the community. Overall, it’s a positive step in the right direction for everyone involved.
Stock Price
In response to this news, shares of Codorus Valley Bancorp opened at $21.4 and closed at $21.6, a 2.0% increase from its last closing price of $21.1. This was an optimistic reaction to the news, showing that investors believe that this investment will be positive for the company in the long run. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for CVLY. More…
| Total Revenues | Net Income | Net Margin |
| – | 20.09 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CVLY. More…
| Operations | Investing | Financing |
| 33.96 | -244.61 | -214.41 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for CVLY. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.2k | 2.02k | – |
Key Ratios Snapshot
Some of the financial key ratios for CVLY are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.9% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale has conducted an analysis of CODORUS VALLEY BANCORP’s fundamentals. According to the Star Chart, CODORUS VALLEY BANCORP is strong in asset, dividend, and medium in growth, but weak in profitability. It also has a high health score of 9/10 considering its cashflows and debt, and is capable to safely ride out any crisis without the risk of bankruptcy. We classify CODORUS VALLEY BANCORP as a ‘rhino’, a type of company with moderate revenue or earnings growth. Investors interested in such companies may be attracted by the strong asset and dividend performance, as well as the security it provides due to its low risk of bankruptcy. This company may also have a steady and consistent return over time, providing a reliable investment opportunity. More…
Peers
The Company offers a range of banking services and products for individuals, businesses, and organizations in south central Pennsylvania and northern Maryland through its full-service banking offices. The Company’s primary competitors are Apollo Bancorp Inc, River City Bank, Meridian Corp.
– Apollo Bancorp Inc ($OTCPK:APLO)
As of 2022, Apollo Bancorp Inc has a market cap of 26.38M. The company is a regional bank holding company that operates through its subsidiary, Apollo Trust Company. The company offers a range of banking services to retail and commercial customers in central and western Pennsylvania.
– River City Bank ($OTCPK:RCBC)
Meridian Corp is a leading provider of environmental, engineering, and construction services. The company has a market cap of 188.1M as of 2022. Meridian Corp provides a full range of services to government and commercial clients, including environmental remediation, site investigation and cleanup, water resources management, wastewater treatment, solid waste management, and construction management. The company has a long history of providing high-quality services and is committed to meeting the needs of its clients.
Summary
This sizeable investment indicates strong interest from the lender in the financial performance of Codorus Valley Bancorp. Financial analysis of the company shows that it has a long history of stable earnings, sound liquidity and capital ratios, and a well-diversified loan portfolio. The company is also well-positioned to benefit from continued economic growth and low interest rates.
Furthermore, its share price has been increasing steadily over the past few years, indicating increasing investor confidence in its performance and prospects. This investment is a positive signal for the future of Codorus Valley Bancorp and its shareholders.
