Is AMTB or ATLO more undervalued in 2026?

CirclFi compares Amerant Bancorp Inc. (AMTB) and Ames National Corporation (ATLO) using 13 institutional-grade valuation models. AMTB has a Quality of Company score of 8.3/10 while ATLO scores 8.6/10.

Which is a better buy — AMTB or ATLO?

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 AMTB and ATLO valuations compare?

AMTB at $22.43 and ATLO at $28.75 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

AMTB vs ATLO Valuation Comparison 2026 — Intrinsic Value Analysis

AMTB

Banks - Regional

Amerant Bancorp Inc.

Quality

8.3

out of 10

Value Trap

SAFE

Price

$22.43

Last close

Models

11/13

Active

ATLO

Banks - Regional

Ames National Corporation

Quality

8.6

out of 10

Value Trap

—

Price

$28.75

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	AMTB Fair Value	AMTB Upside	ATLO Fair Value	ATLO Upside
Bayesian DCF	Intrinsic	$10.64	-52.6%	$19.64	-31.7%
Earnings Power Value	Intrinsic	$12.72	-43.3%	$29.71	+3.3%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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AMTB vs ATLO — Which Stock Is More Undervalued?

ATLO scores higher with a 8.6/10 quality rating vs AMTB's 8.3/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Amerant Bancorp Inc. (AMTB) and Ames National Corporation (ATLO) 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.

AMTB currently trades at $22.43 with a QOC of 8.3/10, while ATLO trades at $28.75 with a QOC of 8.6/10.

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).