Is The First of Long Island Corp. overvalued or undervalued?

As of 10 March 2023, the valuation grade for The First of Long Island Corp. moved from attractive to very attractive. The company appears to be undervalued, with a P/E ratio of 14, which is significantly lower than its peer Banco Latinoamericano de Comercio Exterior SA at 7.50 and First Financial Corp. (Indiana) at 13.97. Additionally, the Price to Book Value stands at 0.70, and the Dividend Yield is exceptionally high at 70.43%, indicating strong returns relative to its price.
In comparison to its peers, The First of Long Island Corp. has a favorable valuation profile, especially when considering the EV to EBITDA ratio of 27.38, which is lower than Esquire Financial Holdings, Inc. at 16.89. Despite recent stock performance showing a 20.88% return over the past year compared to the S&P 500's 10.26%, the overall valuation metrics suggest that the company is positioned well for potential growth, reinforcing the conclusion that it is undervalued in the current market.