Is First Commerce Bancorp, Inc. overvalued or undervalued?

As of 11 August 2025, the valuation grade for First Commerce Bancorp, Inc. has moved from expensive to fair, indicating a more favorable assessment of its stock. The company appears fairly valued based on its current metrics, with a P/E ratio of 21.13, which aligns closely with the industry average. Additionally, the EV to EBITDA ratio is not available, but the PEG ratio is noted as zero, suggesting no growth expectations are priced into the stock.
In comparison to peers, First Commerce Bancorp's valuation is competitive, particularly when looking at similar institutions in the regional banking sector. For instance, while specific peer ratios are not provided, the fair valuation suggests it is on par with its competitors. Notably, the company's recent stock performance has been underwhelming, with a year-to-date return of -5.00%, significantly lagging behind the S&P 500's 12.22% return, which reinforces the notion that the stock may not be capturing its fair value potential in the current market.