Is Seacoast Banking Corp. of Florida overvalued or undervalued?

As of 3 April 2025, the valuation grade for Seacoast Banking Corp. of Florida has moved from attractive to fair. This suggests that the company is currently fairly valued. The P/E ratio stands at 18, while the industry average P/E is approximately 16.71, indicating that Seacoast is slightly above the industry average. Additionally, the company has a Price to Book Value of 1.00 and an EV to EBITDA ratio of 14.42, which are in line with its peers.
In comparison to specific peers, Atlantic Union Bankshares Corp. has a P/E of 17.81 and First Hawaiian, Inc. has a P/E of 13.52, both of which highlight that Seacoast is positioned competitively within the market. Notably, the company's ROE is 5.71% and ROCE is 5.26%, which are relatively modest. While Seacoast has shown positive returns over the past year at 14.69%, it has underperformed the S&P 500 year-to-date. Overall, the company appears to be fairly valued in the current market context.