Is S&T Bancorp, Inc. overvalued or undervalued?

As of 30 June 2025, S&T Bancorp, Inc. has moved from expensive to fair in valuation. The company appears to be fairly valued based on its current metrics, with a P/E ratio of 11, a Price to Book Value of 1.06, and an EV to EBIT of 8.51. In comparison to peers, Customers Bancorp, Inc. has a P/E of 11.99, while 1st Source Corp. stands at 12.92, indicating that S&T Bancorp is competitively priced within its industry.
Despite a recent decline in stock performance over the past year, where S&T Bancorp returned -7.39% compared to the S&P 500's 17.14%, the company has shown strong returns over longer periods, such as a 108.66% return over five years, which outperformed the S&P 500's 96.61%. This suggests that while the stock may be currently underperforming, its long-term potential remains solid, supporting the view that it is fairly valued at this time.