Is BFC or BHB more undervalued in 2026?

CirclFi compares Bank First Corporation (BFC) and Bar Harbor Bankshares, Inc. (BHB) using 13 institutional-grade valuation models. BFC has a Quality of Company score of 8.8/10 while BHB scores 8.2/10.

Which is a better buy — BFC or BHB?

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 BFC and BHB valuations compare?

BFC at $140.83 and BHB at $34.81 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

BFC vs BHB Valuation Comparison 2026 — Intrinsic Value Analysis

BFC

Banks - Regional

Bank First Corporation

Quality

8.8

out of 10

Value Trap

—

Price

$140.83

Last close

Models

12/13

Active

BHB

Banks - Regional

Bar Harbor Bankshares, Inc.

Quality

8.2

out of 10

Value Trap

SAFE

Price

$34.81

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	BFC Fair Value	BFC Upside	BHB Fair Value	BHB Upside
Bayesian DCF	Intrinsic	$58.39	-58.5%	$6.79	-80.5%
Earnings Power Value	Intrinsic	$83.95	-40.4%	$6.62	-81.0%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

🔒

Unlock Full 13-Model Comparison

Access all valuation models for BFC vs BHB — including EROIC Spread, First Chicago, Markov DDM, PWERM, and 7 more.

Access Full Analysis — From $27/mo →

BFC vs BHB — Which Stock Is More Undervalued?

BFC scores higher with a 8.8/10 quality rating vs BHB's 8.2/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Bank First Corporation (BFC) and Bar Harbor Bankshares, Inc. (BHB) 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.

BFC currently trades at $140.83 with a QOC of 8.8/10, while BHB trades at $34.81 with a QOC of 8.2/10.

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).