Is BAFN or BANR more undervalued in 2026?

CirclFi compares BayFirst Financial Corp. (BAFN) and Banner Corporation (BANR) using 13 institutional-grade valuation models. BAFN has a Quality of Company score of 6.3/10 while BANR scores 8.1/10.

Which is a better buy — BAFN or BANR?

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 BAFN and BANR valuations compare?

BAFN at $6.13 and BANR at $65.53 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

BAFN vs BANR Valuation Comparison 2026 — Intrinsic Value Analysis

BAFN

Banks - Regional

BayFirst Financial Corp.

Quality

6.3

out of 10

Value Trap

LOW

Price

$6.13

Last close

Models

4/13

Active

BANR

Banks - Regional

Banner Corporation

Quality

8.1

out of 10

Value Trap

SAFE

Price

$65.53

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	BAFN Fair Value	BAFN Upside	BANR Fair Value	BANR Upside
Bayesian DCF	Intrinsic	—	—	$42.63	-34.9%
Earnings Power Value	Intrinsic	$35.39	+455.6%	$28.83	-56.0%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$1.40	-77.1%	$53.69	-18.1%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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BAFN vs BANR — Which Stock Is More Undervalued?

BANR scores higher with a 8.1/10 quality rating vs BAFN's 6.3/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing BayFirst Financial Corp. (BAFN) and Banner Corporation (BANR) 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.

BAFN currently trades at $6.13 with a QOC of 6.3/10, while BANR trades at $65.53 with a QOC of 8.1/10.

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).