Is ALRS or AMTB more undervalued in 2026?

CirclFi compares Alerus Financial Corporation (ALRS) and Amerant Bancorp Inc. (AMTB) using 13 institutional-grade valuation models. ALRS has a Quality of Company score of 7.0/10 while AMTB scores 8.3/10.

Which is a better buy — ALRS or AMTB?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do ALRS and AMTB valuations compare?

ALRS at $28.90 and AMTB at $22.43 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

ALRS vs AMTB Valuation Comparison 2026 — Intrinsic Value Analysis

ALRS

Banks - Regional

Alerus Financial Corporation

Quality

7.0

out of 10

Value Trap

SAFE

Price

$28.90

Last close

Models

12/13

Active

AMTB

Banks - Regional

Amerant Bancorp Inc.

Quality

8.3

out of 10

Value Trap

SAFE

Price

$22.43

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	ALRS Fair Value	ALRS Upside	AMTB Fair Value	AMTB Upside
Bayesian DCF	Intrinsic	$17.79	-38.4%	$10.64	-52.6%
Earnings Power Value	Intrinsic	$22.77	-21.2%	$12.72	-43.3%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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ALRS vs AMTB — Which Stock Is More Undervalued?

AMTB scores higher with a 8.3/10 quality rating vs ALRS's 7.0/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Alerus Financial Corporation (ALRS) and Amerant Bancorp Inc. (AMTB) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

ALRS currently trades at $28.90 with a QOC of 7.0/10, while AMTB trades at $22.43 with a QOC of 8.3/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).