Is BFST or BHB more undervalued in 2026?

CirclFi compares Business First Bancshares, Inc. (BFST) and Bar Harbor Bankshares, Inc. (BHB) using 13 institutional-grade valuation models. BFST has a Quality of Company score of 9.7/10 while BHB scores 8.2/10.

Which is a better buy — BFST 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 BFST and BHB valuations compare?

BFST at $28.24 and BHB at $34.81 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

BFST vs BHB Valuation Comparison 2026 — Intrinsic Value Analysis

BFST

Banks - Regional

Business First Bancshares, Inc.

Quality

9.7

out of 10

Value Trap

—

Price

$28.24

Last close

Models

11/13

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	BFST Fair Value	BFST Upside	BHB Fair Value	BHB Upside
Bayesian DCF	Intrinsic	$29.93	+6.0%	$6.79	-80.5%
Earnings Power Value	Intrinsic	$38.69	+37.0%	$6.62	-81.0%
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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BFST vs BHB — Which Stock Is More Undervalued?

BFST scores higher with a 9.7/10 quality rating vs BHB's 8.2/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Business First Bancshares, Inc. (BFST) 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.

BFST currently trades at $28.24 with a QOC of 9.7/10, 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).