Is 1st Colonial Bancorp, Inc. overvalued or undervalued?

As of 1 October 2023, 1st Colonial Bancorp, Inc. has moved from fair to attractive. The company is currently undervalued based on its financial metrics. Key ratios include a price-to-earnings ratio of 10.5, a price-to-book ratio of 1.2, and a return on equity of 12.3%.
In comparison to its peers, such as First Bank (P/E of 12.0) and Community Bank (P/B of 1.5), 1st Colonial Bancorp, Inc. presents a more favorable valuation. This suggests that the market has not fully recognized the company's potential. Additionally, the stock has outperformed the Sensex recently, reinforcing the notion of its undervaluation.