Is SHBI or SHFS more undervalued in 2026?

CirclFi compares Shore Bancshares, Inc. (SHBI) and SHF Holdings, Inc. (SHFS) using 13 institutional-grade valuation models. SHBI has a Quality of Company score of 9.7/10 while SHFS scores 4.0/10.

Which is a better buy — SHBI or SHFS?

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 SHBI and SHFS valuations compare?

SHBI at $20.64 and SHFS at $0.47 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

SHBI vs SHFS Valuation Comparison 2026 — Intrinsic Value Analysis

SHBI

Banks - Regional

Shore Bancshares, Inc.

Quality

9.7

out of 10

Value Trap

SAFE

Price

$20.64

Last close

Models

11/13

Active

SHFS

Banks - Regional

SHF Holdings, Inc.

Quality

4.0

out of 10

Value Trap

LOW

Price

$0.47

Last close

Models

7/13

Active

Model-by-Model Comparison

Model	Type	SHBI Fair Value	SHBI Upside	SHFS Fair Value	SHFS Upside
Bayesian DCF	Intrinsic	$13.94	-32.4%	—	—
Earnings Power Value	Intrinsic	$25.51	+23.6%	—	—
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$53.00	+156.8%	$1.00	+27.5%
PWERM	Option-Based	—	—	$1.00	+115.1%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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SHBI vs SHFS — Which Stock Is More Undervalued?

SHBI scores higher with a 9.7/10 quality rating vs SHFS's 4.0/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Shore Bancshares, Inc. (SHBI) and SHF Holdings, Inc. (SHFS) 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.

SHBI currently trades at $20.64 with a QOC of 9.7/10, while SHFS trades at $0.47 with a QOC of 4.0/10.

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).