Is Southern California Bancorp (San Diego) overvalued or undervalued?

As of 26 October 2023, Southern California Bancorp's valuation grade has moved from attractive to fair. The company is currently fairly valued based on its financial metrics. The P/E ratio stands at 14, while the Price to Book Value is 0.89, and the ROE is 6.16%.
In comparison to its peers, Southern California Bancorp's P/E ratio is higher than Banco Latinoamericano de Comercio Exterior SA, which has a P/E of 7.50, but lower than Esquire Financial Holdings, Inc. at 16.89. The company has shown a return of 13.97% over the past year, outperforming the S&P 500's return of 10.26%, indicating a relatively strong performance in the market context. Overall, the company appears to be fairly valued within its competitive landscape.