Shares of Sun Bancorp Rank the Highest in Terms of Forward P/E Ratio in the Regional Banks Industry (SNBC, PMBC, CCBG, WABC, ISBC)
Below are the three companies in the Regional Banks industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.
Sun Bancorp ranks highest with a a forward P/E ratio of 49.84. Following is Pacific Mercantile Bancorp with a a forward P/E ratio of 43.44. Capital City Bank ranks third highest with a a forward P/E ratio of 22.26.
Westamerica Bancorporation follows with a a forward P/E ratio of 20.34, and Investors Bank rounds out the top five with a a forward P/E ratio of 19.34.
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Keywords: highest forward p/e ratio sun bancorp pacific mercantile bancorp capital city bank westamerica bancorporation investors bank