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Business First Bancshares, Inc. Stock: price and insider trades · United States
1 insider bought €42k of shares over the last 90 days, the latest filed 29 Jul 2026.
Business First Bancshares, Inc.: what insiders have been doing
Business First Bancshares, Inc. belongs to the Finance & Banking sector. Filings by its managers are published through SEC (Form 4). In the past year (18 October 2025 to 18 October 2026), 92 filings came from 31 insiders.
Both sides are active: 4 purchases worth €113k and 27 sales worth €4.5M, from 2 insiders and 8 insiders respectively. The totals do not cover 3 filings with an undisclosed amount. Buying on the open market means paying the going price with one's own funds, a different act from receiving shares as pay. The buyers include 2 senior executives. One trade stands out by size: a sale of €476k from Cummings George W. III, disclosed on 27 February 2026.
In the case of 1 purchase, another manager of the company was buying within the same 30 days. A cluster is several different insiders buying the same stock within a short window, a pattern studied more closely than a single purchase. The last purchase on record was published on 29 July 2026, which is 81 days ago. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 2 days. The legal deadline for a Form 4 is two business days after the transaction. Sales are harder to read than purchases, since they often meet personal needs such as tax or diversification.
Across the 5,816 companies tracked on its exchange, the median is 19 filings; at 92 filings, this issuer sits above that mark. Our records for Business First Bancshares, Inc. go back to 2021, with 31 purchases and 49 sales on the open market in total. The 10-K for the year ended 31 December 2025 shows 87.9 m USD of net income and a dividend of 0.57 USD per share.
In the same sector, recent insider purchases at First Guaranty Bancshares, Inc. and BCB Bancorp Inc also feature in our signals. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.
Insider Decl.
326
Thresholds
n/a
Buy Volume
€1M
31 ops. · all time
Sell Volume
€8M
49 ops. · all time
Who traded when
BuySaleCummings George W. III17 sales
Day Rick D.4 buys
Joseph Vernon Johnson3 sales
Buquet James J. III2 sales
Donald Chad Carter2 sales
Mccollister Rolfe H. Jr.2 buys
+8 other insiders
Since the insiders bought
- -2.5%Entry US$31.94 · Close 15 Oct 2026 US$31.13
- +6.8%Entry US$29.15 · Close 15 Oct 2026 US$31.13
- +37.7%Entry US$23.18 · Close at T+365 US$31.92
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate Business First Bancshares, Inc. Strong Buy (bullish), based on 5 analysts. Average price target: US$34.90.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 1,302 of 24,148 companies
78.4
score / 100
Value80
Quality77
FCF yld9.1%
Earn yld8.1%
EV/EBITDA·
ROE10%
Gross mgn·
Net mgn26%
Debt/EBITDA·
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$31.13
Analyst consensus
5 analystsStrong buy
US$32.50Target US$34.90(+12%)US$37.00
Income statement
RevenueUS$319.8M
Net incomeUS$82.5M27.8% margin
Valuation
PER (trailing)11.1x
PER (forward)9.4x
P/Book1.1x
Beta0.78
Balance sheet & cash
Market capUS$1B
Total debtUS$528.7M
Free Cash FlowUS$92M
Profitability & ownership
ROE10.0%
ROA1.1%
% insiders4.6%
% institutions59.1%
Last declaration on 28 August 2026
Declarations326 total
20,000 shares@ US$28.002810.3% of flowCommonSEC144:0002106698-26-000001
10,000 shares@ US$28.005.1% of flowCommonSEC144:0002106698-26-000002
11,000 shares@ US$27.505.6% of flowCommonSEC144:0002106698-26-000003
11,000 shares@ US$27.575.6% of flowCommonSEC144:0002106698-26-000004
4,200 shares@ US$31.270.013% mcap2.4% of flowCOMMON STOCKSEC:0001437749-26-028917:0
10,000 shares@ US$31.330.030% mcap5.8% of flowCOMMON STOCKSEC:0001437749-26-028917:1
2,435 shares@ US$31.300.0074% mcap2.0% of flowCommon SharesSEC144:0001958244-26-000550
3,235 shares@ US$31.800.010% mcap1.9% of flowCOMMON STOCKSEC:0001437749-26-028730:0
10,000 shares@ US$31.780.031% mcap5.9% of flowCOMMON STOCKSEC:0001437749-26-028545:0
25,000 shares@ US$31.970.078% mcap21.1% of flowCommon SharesSEC144:0001958244-26-000525
9,723 shares@ US$31.970.031% mcap85.4% of flowCommon StockSEC:0001437749-26-026579:0
1,666 shares@ US$31.970.0052% mcap14.6% of flowCommon StockSEC:0001437749-26-026579:1
1,875 shares@ US$31.640.0058% mcap16.4% of flowCOMMON STOCKSEC:0001437749-26-026616:0
1,875 shares@ US$31.990.0059% mcap16.6% of flowCOMMONSEC144:0001973097-26-000023
1,000 shares@ US$31.980.0031% mcap3.1% of flowCOMMON STOCKSEC:0001437749-26-026259:0
11,389 shares@ US$32.070.036% mcap100.0% of flowCommon StockSEC144:0001628280-26-053345
10,000 shares@ US$31.870.031% mcap6.0% of flowCOMMON STOCKSEC:0001437749-26-025923:0
10,000 shares@ US$32.080.032% mcap6.0% of flowCOMMON STOCKSEC:0001437749-26-025257:0
10,000 shares@ US$31.500.031% mcap5.9% of flowCOMMON STOCKSEC:0001437749-26-025257:1
4,200 shares@ US$32.080.013% mcap5.5% of flowCOMMON STOCKSEC:0001437749-26-025258:0
4,200 shares@ US$32.07960.013% mcap100.0% of flowCommonSEC144:0001950047-26-007438
30,000 shares@ US$31.940.095% mcap25.5% of flowCommon SharesSEC144:0001958244-26-000467
2,000 shares@ US$31.150.0062% mcap6.2% of flowCOMMON STOCKSEC:0001437749-26-025054:1
10,000 shares@ US$31.860.032% mcap6.0% of flowCOMMON STOCKSEC:0001437749-26-025055:0
10,000 shares@ US$31.880.032% mcap6.0% of flowCOMMON STOCKSEC:0001437749-26-025055:1
25 of 326 declarations
About Business First Bancshares, Inc.
Business First Bancshares, Inc. (BFST) is a U.S.-listed financial holding company traded on the Nasdaq Global Select Market in the United States, headquartered in Baton Rouge, Louisiana. Through its subsidiary b1BANK, the group operates as a community-oriented commercial bank with a full range of banking products and services. Its core franchise is built around serving small and middle-market businesses, their owners, and employees, while also offering the broader capabilities typically expected from a regional bank, including treasury management, lending, deposits, and wealth-related solutions. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1624322/000143774925028934/bfbi20250905_s4a.htm?utm_source=openai))
Founded in 2006, Business First has pursued a strategy that combines organic expansion with selective acquisitions and capital formation. Management describes the company’s mission as unchanged since inception: to be the financial institution of choice for the small-to-midsized businesses in its markets. Over time, BFST has expanded beyond its Louisiana base into Texas and Mississippi, reflecting a deliberate effort to build a larger regional footprint across economically attractive Southern U.S. markets. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1624322/000143774921005177/bfbi20201231_10k.htm?utm_source=openai))
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In operational terms, the company is best understood as a diversified commercial-focused banking platform. Its offering includes commercial and consumer deposit products, commercial real estate and business lending, treasury services, private banking-style relationship support for business owners, and wealth management and investment-related capabilities through affiliated businesses. SEC materials show a network of banking centers concentrated in Louisiana and metro Texas markets, with an additional presence in Mississippi, which gives BFST a localized distribution model and strong market knowledge. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1624322/000143774925028934/bfbi20250905_s4a.htm?utm_source=openai))
Competitively, BFST occupies a niche between community banking and larger regional-bank capabilities. That hybrid positioning matters: it allows the company to compete on relationship banking, local credit underwriting, and service quality, while still offering a broader product set than many smaller community lenders. The company has emphasized its granular deposit base and its leadership position in Louisiana among banks headquartered in the state, suggesting a franchise with meaningful brand recognition in its home market. At the same time, the Texas expansion increases its exposure to faster-growing metro markets but also to a more competitive banking landscape. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1624322/000162432225000005/a2024-12x31bfstinvestorp.htm?utm_source=openai))
A key recent milestone was the completion of the Oakwood Bancshares acquisition on October 1, 2024, which strengthened the company’s Texas presence and broadened its footprint. More recent SEC investor materials in 2025 and 2026 indicate that BFST has continued to scale, with total assets around the $7.9 billion to $8.0 billion range and operations spanning Louisiana, Texas, and Mississippi. For investors focused on U.S. regional banks, BFST stands out as a growth-oriented franchise with a conservative community-bank heritage, a commercial banking bias, and increasing relevance in Texas markets. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1624322/000162432225000005/a2024-12x31bfstinvestorp.htm?utm_source=openai))
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