Is Civista Bancshares, Inc. overvalued or undervalued?

As of 30 April 2024, the valuation grade for Civista Bancshares, Inc. has moved from attractive to fair. The company is currently fairly valued based on its financial metrics. The P/E ratio stands at 12, while the Price to Book Value is 1.02, and the EV to EBIT is 24.51.
In comparison to peers, Civista's P/E ratio of 12 is slightly lower than that of ACNB Corp., which has a P/E of 12.72, but higher than Bridgewater Bancshares, Inc. at 11.78. Notably, First Business Financial Services, Inc. is considered very attractive with a P/E of 9.42, indicating a potential undervaluation relative to its peers. Additionally, Civista's ROE of 8.75% and ROCE of 4.13% reflect moderate profitability. The company's recent stock performance has outpaced the S&P 500 over the past year, with a return of 58.94% compared to the index's 10.26%, reinforcing its current valuation stance.