Is Northfield Bancorp, Inc. (New Jersey) overvalued or undervalued?

As of 23 October 2024, the valuation grade for Northfield Bancorp, Inc. (New Jersey) has moved from very attractive to fair. The company appears to be fairly valued at this time. Key ratios include a P/E ratio of 22, a Price to Book Value of 0.98, and an EV to EBITDA of 33.64.
In comparison to its peers, Northfield's P/E ratio is significantly higher than that of Provident Financial Services, Inc. at 11.44 and Northwest Bancshares, Inc. at 12.93, both of which are rated very attractive. Additionally, Northfield's PEG ratio stands at 7.52, indicating a higher growth expectation relative to its earnings. Despite a recent stock return of 37.13% over the past year, which outperformed the S&P 500's 10.26%, the current valuation suggests that Northfield is neither undervalued nor overvalued but rather fairly positioned in the market.