Business First Bancshares, Inc.
BFST · State Commercial Banks · 32.7M shares · +17%/yr ↑ shares · EDGAR filings ↗
Reference price $28.78 · est. market cap ~$940M — last insider sale, 2026-06-11 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C68Business First Bancshares — Louisiana/Texas commercial bank with solid earnings.
Strengths
- Net income +35% (66th pct); strong cash (77th)
Risks
- ROE 9.8% (52nd) average
- CRE/rate sensitivity
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Strong balance sheetStrong balance sheet — $411M cash & investments
- Insider buyingInsider buying — 2 open-market buy(s) by 2 insider(s) (cluster of 2 insiders, last 6mo) Form 4 ↗
- Insider sellingInsider selling — 12 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$3M, last 6mo) Form 4 ↗
Key metrics
Return on equity
9.8%
Return on assets
1.1%
Net-income growth
34.9%
Free cash flow
$92M
Tangible book value
$761M
Cash & investments
$411M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-11 | Cummings George W. III | Sell | 5.0K | $28.78 |
| 2026-06-10 | Cummings George W. III | Sell | 15K | $28.89 |
| 2026-06-08 | Cummings George W. III | Sell | 15K | $28.54 |
| 2026-05-27 | Cummings George W. III | Sell | 12K | $27.92 |
| 2026-05-22 | Cummings George W. III | Sell | 10K | $27.99 |
| 2026-03-31 | Vascocu Norman Jerome Jr | Tax withheld | 1.6K | $27.04 |
| 2026-03-31 | McDonald Warren | Tax withheld | 1.2K | $27.04 |
| 2026-03-31 | MANSFIELD KEITH | Tax withheld | 1.3K | $27.04 |
| 2026-03-31 | Manning Kathryn | Tax withheld | 874 | $27.04 |
| 2026-03-31 | JORDAN PHILIP | Tax withheld | 1.0K | $27.04 |
| 2026-03-31 | Carter Donald Chad | Tax withheld | 317 | $27.04 |
| 2026-03-31 | ROBERTSON GREG | Tax withheld | 1.0K | $27.04 |
| 2026-03-31 | Roemer Heather G. | Tax withheld | 528 | $27.04 |
| 2026-03-31 | Strong Saundra | Tax withheld | 1.2K | $27.04 |
| 2026-03-31 | MELVILLE DAVID R. III | Tax withheld | 4.3K | $27.04 |
| 2026-03-04 | Cummings George W. III | Sell | 11K | $27.60 |
| 2026-03-03 | Cummings George W. III | Sell | 9.8K | $27.42 |
| 2026-03-02 | Cummings George W. III | Sell | 200 | $27.80 |
| 2026-03-01 | JORDAN PHILIP | Tax withheld | 527 | $27.30 |
| 2026-03-01 | Carter Donald Chad | Option exercise | 1.3K | — |
| 2026-03-01 | Carter Donald Chad | Tax withheld | 366 | $27.30 |
| 2026-03-01 | MANSFIELD KEITH | Tax withheld | 676 | $27.30 |
| 2026-03-01 | Vascocu Norman Jerome Jr | Option exercise | 2.7K | — |
| 2026-03-01 | Vascocu Norman Jerome Jr | Disposition | 2.7K | $27.30 |
| 2026-03-01 | Strong Saundra | Option exercise | 1.3K | — |
| 2026-03-01 | Strong Saundra | Tax withheld | 295 | $27.30 |
| 2026-03-01 | Strong Saundra | Disposition | 669 | $27.30 |
| 2026-03-01 | Roemer Heather G. | Option exercise | 1.1K | — |
| 2026-03-01 | Roemer Heather G. | Disposition | 1.1K | $27.30 |
| 2026-03-01 | ROBERTSON GREG | Option exercise | 1.9K | — |
| 2026-03-01 | ROBERTSON GREG | Tax withheld | 527 | $27.30 |
| 2026-03-01 | MELVILLE DAVID R. III | Option exercise | 5.4K | — |
| 2026-03-01 | MELVILLE DAVID R. III | Disposition | 5.4K | $27.30 |
| 2026-03-01 | McDonald Warren | Option exercise | 1.3K | — |
| 2026-03-01 | McDonald Warren | Tax withheld | 565 | $27.30 |
| 2026-03-01 | MANSFIELD KEITH | Option exercise | 1.9K | — |
| 2026-03-01 | Manning Kathryn | Option exercise | 1.2K | — |
| 2026-03-01 | Manning Kathryn | Disposition | 1.2K | $27.30 |
| 2026-03-01 | JORDAN PHILIP | Option exercise | 1.9K | — |
| 2026-02-25 | Cummings George W. III | Sell | 20K | $28.00 |
| 2026-02-10 | MCCOLLISTER ROLFE H. JR. | Buy | 120 | $29.56 |
| 2026-02-10 | Folse Mark P. | Sell | 4.9K | $29.51 |
| 2026-02-09 | Folse Mark P. | Sell | 5.1K | $29.75 |
| 2026-01-29 | Carter Donald Chad | Sell | 3.8K | $27.27 |
| 2026-01-27 | Day Rick D. | Buy | 1.5K | $27.55 |
| 2025-12-12 | Vascocu Norman Jerome Jr | Option exercise | 2.5K | — |
| 2025-12-12 | Vascocu Norman Jerome Jr | Disposition | 2.5K | $27.71 |
| 2025-12-12 | Manning Kathryn | Option exercise | 1.2K | — |
| 2025-12-12 | Manning Kathryn | Tax withheld | 417 | $27.71 |
| 2025-12-12 | Roemer Heather G. | Option exercise | 1.1K | — |
| 2025-12-12 | Roemer Heather G. | Disposition | 1.1K | $27.71 |
| 2025-12-12 | JORDAN PHILIP | Option exercise | 1.8K | — |
| 2025-12-12 | JORDAN PHILIP | Disposition | 1.8K | $27.71 |
| 2025-12-12 | ROBERTSON GREG | Option exercise | 1.8K | — |
| 2025-12-12 | ROBERTSON GREG | Tax withheld | 502 | $27.71 |
| 2025-12-12 | MELVILLE DAVID R. III | Option exercise | 4.9K | — |
| 2025-12-12 | MELVILLE DAVID R. III | Disposition | 4.9K | $27.71 |
| 2025-12-12 | MANSFIELD KEITH | Option exercise | 1.8K | — |
| 2025-12-12 | MANSFIELD KEITH | Tax withheld | 643 | $27.71 |
| 2025-12-12 | Carter Donald Chad | Option exercise | 1.3K | — |
| 2025-12-12 | Carter Donald Chad | Tax withheld | 348 | $27.71 |
| 2025-12-12 | Strong Saundra | Option exercise | 1.3K | — |
| 2025-12-12 | Strong Saundra | Tax withheld | 561 | $27.71 |
| 2025-12-12 | McDonald Warren | Option exercise | 1.3K | — |
| 2025-12-12 | McDonald Warren | Tax withheld | 539 | $27.71 |
| 2025-12-01 | ROBERTSON GREG | Sell | 1.4K | $26.41 |
| 2025-11-21 | Vascocu Norman Jerome Jr | Grant | 1.9K | $25.72 |
| 2025-11-21 | Vascocu Norman Jerome Jr | Tax withheld | 824 | $25.72 |
| 2025-10-28 | Day Rick D. | Buy | 1.6K | $24.21 |
| 2025-08-22 | Strong Saundra | Sell | 2.4K | $25.38 |
| 2025-08-18 | MOCKLER PATRICK E. | Inherited | 31K | — |
| 2025-08-04 | Buquet James J. III | Sell | 5.2K | $23.08 |
| 2025-08-01 | MOCKLER PATRICK E. | Inherited | 14K | — |
| 2025-07-31 | Ducrest John P. | Buy | 2.2K | $23.62 |
| 2025-06-06 | MCCOLLISTER ROLFE H. JR. | Buy | 680 | $23.40 |
| 2025-05-29 | ROBERTSON GREG | Sell | 1.1K | $23.72 |
| 2025-03-31 | Vascocu Norman Jerome Jr | Tax withheld | 3.8K | $24.35 |
| 2025-03-31 | Strong Saundra | Tax withheld | 2.9K | $24.35 |
| 2025-03-31 | ROBERTSON GREG | Tax withheld | 2.4K | $24.35 |
| 2025-03-31 | MELVILLE DAVID R. III | Tax withheld | 11K | $24.35 |
| 2025-03-31 | McDonald Warren | Tax withheld | 2.7K | $24.35 |
| 2025-03-31 | MANSFIELD KEITH | Tax withheld | 3.1K | $24.35 |
| 2025-03-31 | Manning Kathryn | Tax withheld | 2.0K | $24.35 |
| 2025-03-31 | JORDAN PHILIP | Tax withheld | 2.4K | $24.35 |
| 2025-03-31 | Carter Donald Chad | Tax withheld | 506 | $24.35 |
| 2025-03-05 | Day Rick D. | Buy | 1.5K | $25.46 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-27 | Shareholder vote | filing ↗ |
| 2026-04-27 | ResultsReg FDExhibits | filing ↗ |
| 2026-04-02 | Material agreementDebt obligationReg FDExhibits | filing ↗ |
| 2026-02-24 | Exec/director change | filing ↗ |
| 2026-01-23 | ResultsExhibits | filing ↗ |
| 2026-01-22 | ResultsReg FDExhibits | filing ↗ |
| 2026-01-05 | Acquisition/dispositionExec/director changeOtherExhibits | filing ↗ |
| 2025-11-04 | Exec/director changeExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-27 | 2026-05-21 | 0001437749-26-018540 ↗ |
| 10-Q | 2026-05-01 | 2026-03-31 | 0001624322-26-000028 ↗ |
| 8-K | 2026-04-27 | 2026-04-27 | 0001624322-26-000024 ↗ |
| 8-K | 2026-04-02 | 2026-04-02 | 0001437749-26-011154 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0001624322-26-000018 ↗ |
| 8-K | 2026-02-24 | 2026-02-19 | 0001437749-26-005359 ↗ |
| 8-K/A | 2026-01-23 | 2026-01-22 | 0001624322-26-000013 ↗ |
| 8-K | 2026-01-22 | 2026-01-22 | 0001628280-26-003073 ↗ |
| 8-K | 2026-01-05 | 2026-01-01 | 0001437749-26-000182 ↗ |
| 8-K | 2025-11-04 | 2025-10-29 | 0001437749-25-033016 ↗ |
| 10-Q | 2025-10-30 | 2025-09-30 | 0001624322-25-000048 ↗ |
| 8-K | 2025-10-28 | 2025-10-28 | 0001437749-25-031989 ↗ |