NEW YORK (
) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, compelling growth in net income, impressive record of earnings per share growth and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
Highlights from the ratings report include:
- The revenue growth greatly exceeded the industry average of 30.4%. Since the same quarter one year prior, revenues slightly increased by 4.4%. Growth in the company's revenue appears to have helped boost the earnings per share.
- Powered by its strong earnings growth of 66.66% and other important driving factors, this stock has surged by 30.93% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, CVLY should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Commercial Banks industry. The net income increased by 51.5% when compared to the same quarter one year prior, rising from $1.51 million to $2.29 million.
- CODORUS VALLEY BANCORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. Stable Earnings per share over the past year indicate the company has sound management over its earnings and share float. During the past fiscal year, CODORUS VALLEY BANCORP reported lower earnings of $1.27 versus $1.28 in the prior year.
- The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. When compared to other companies in the Commercial Banks industry and the overall market, CODORUS VALLEY BANCORP's return on equity is below that of both the industry average and the S&P 500.
Codorus Valley Bancorp, Inc. operates as the holding company for PeoplesBank that offers a range of business and consumer banking services in Pennsylvania and Maryland. The company has a P/E ratio of 9.1, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Codorus Valley has a market cap of $56.8 million and is part of the
industry. Shares are up 62.5% year to date as of the close of trading on Tuesday.
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-- Written by a member of TheStreet Ratings Staff