Codorus Valley Bancorp: Cheap But Not Quite Inexpensive [Seeking Alpha]
ACNB Corporation (ACNB)
US:NASDAQ Investor Relations:
acnb.com/acnb-corporation
Company Research
Source: Seeking Alpha
SummaryCorodus Valley is cheap in terms of valuation multiples at 72% of tangible book value and 7.4 times trailing earnings.However, the company appears underreserved for future loan losses with an allowance less than current nonperforming assets.A loan fraud incident announced this week may result in an additional $7.5 million in loan losses - a third of the current loan loss allowance.The present valuation incorporates a recognition of current risks although the company warrants watching as the valuation is quite low.Corodus Valley Bancorp (CVLYCodorus Valley appears attractive on many initial metrics. The company operates in aregion of PennsylvaniaHowever, we’re not especially captivated by the company despite the modest valuation. Codorus Valley has a relatively weak allowance for loan losses against loans which were nonaccrual before the present economic disruption. In addition, the recent discovery of fraudulent loans only aggravates an already challenging situation.Codorus Val
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ACNB
News
- ACNB Corporation Reports 2024 First Quarter Financial Results [Yahoo! Finance]Yahoo! Finance
- ACNB Corporation Reports 2024 First Quarter Financial ResultsGlobeNewswire
- ACNB Corporation Announces Second Quarter Cash DividendGlobeNewswire
- ACNB Bank Presents 2024 Volunteer of the Year Award in Recognition of Community Involvement [Yahoo! Finance]Yahoo! Finance
- Patrick T. Martin Joins ACNB Bank as Community Banking Manager [Yahoo! Finance]Yahoo! Finance
ACNB
Earnings
- 4/25/24 - In-Line
ACNB
Sec Filings
- 4/25/24 - Form 8-K
- 4/24/24 - Form 8-K
- 4/8/24 - Form EFFECT
- ACNB's page on the SEC website