The company is undergoing a proposed merger with Orrstown Financial Services, Inc., with Codorus shareholders expected to receive 0.875 shares of Orrstown for each share held. As of May 17, 2026, the market cap is $233.82M with a P/E ratio of 10.42.
Cyborg Score Rationale
Mid-size regional bank facing pending acquisition creates near-term strategic uncertainty. Solid dividend yield (2.83%) and modest valuation support, but earnings misses in recent periods and merger contingency impact growth outlook.
Top Insights
(May 2024) Received shareholder approval for merger with Orrstown Financial Services
(May 2024) Received regulatory approvals for proposed merger transaction
Operates PeoplesBank subsidiary across Pennsylvania and Maryland markets
Pays quarterly dividend of $0.17 per share with 2.83% yield as of mid-2026
Named Competitors
Orrstown Bank — Regional banking competitor and pending merger partner
Citizens Bank — Larger regional banking competitor
Fulton Financial — Regional banking competitor in Mid-Atlantic region
Recent Developments
(May 2024) Announced receipt of regulatory and shareholder approvals for merger with Orrstown Financial Services
(April 2024) Missed Q1 2024 analyst estimates for EPS and revenue
(April 2026) Subject of investor investigation regarding merger adequacy of consideration
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