Business First Bancshares Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqGS:BFST Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
22 Aug 25	SellUS$59,973	Saundra Strong	Individual	2,363	US$25.38
04 Aug 25	SellUS$119,185	James Buquet	Individual	5,164	US$23.08
31 Jul 25	BuyUS$52,555	John Ducrest	Individual	2,225	US$23.62
06 Jun 25	BuyUS$15,912	Rolfe McCollister	Individual	680	US$23.40
29 May 25	SellUS$25,760	Gregory Robertson	Individual	1,086	US$23.72
05 Mar 25	BuyUS$38,195	Ricky Day	Individual	1,500	US$25.46
13 Nov 24	SellUS$407,880	James Buquet	Individual	14,000	US$29.22
07 Nov 24	SellUS$73,472	Warren McDonald	Individual	2,560	US$28.70
06 Nov 24	SellUS$260,668	David Melville	Individual	9,172	US$28.42
05 Nov 24	SellUS$282,836	David Melville	Individual	10,828	US$26.15
04 Nov 24	SellUS$223,985	Joseph Johnson	Individual	8,500	US$26.36
30 Oct 24	SellUS$418,871	Joseph Johnson	Individual	15,500	US$27.16

Insider Trading Volume

Insider Buying: BFST insiders have sold more shares than they have bought in the past 3 months.

Ownership Breakdown

What is the ownership structure of BFST?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	11,000	0.0372%
Individual Insiders	1,483,569	5.01%
General Public	13,111,690	44.3%
Institutions	14,996,711	50.7%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 42.15% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
7.49%	BlackRock, Inc.	2,216,506	US$51.8m	0.12%	no data
5.32%	The Vanguard Group, Inc.	1,573,408	US$36.8m	-2.88%	no data
3.39%	Janus Henderson Group plc	1,002,264	US$23.4m	37%	0.01%
3.34%	Dimensional Fund Advisors LP	987,275	US$23.1m	10.5%	no data
2.36%	Geode Capital Management, LLC	697,274	US$16.3m	13.4%	no data
2.19%	American Century Investment Management Inc	649,100	US$15.2m	6.28%	0.01%
1.94%	State Street Global Advisors, Inc.	575,308	US$13.4m	4.29%	no data
1.86%	Royce & Associates, LP	551,360	US$12.9m	6.21%	0.11%
1.52%	Manulife Asset Management	451,168	US$10.5m	-1.39%	0.01%
1.17%	Banc Funds Company, L.L.C.	347,116	US$8.1m	-15%	1.18%
1.16%	Ranger Investment Management, L.P.	343,700	US$8.0m	7.41%	0.55%
0.95%	Mendon Capital Advisors Corp	280,000	US$6.5m	5.66%	3.06%
0.94%	Northern Trust Global Investments	278,575	US$6.5m	23%	no data
0.92%	Bridgeway Capital Management, LLC	273,362	US$6.4m	6.53%	0.1%
0.89%	Ricky Day	264,285	US$6.2m	0%	no data
0.85%	JP Morgan Asset Management	251,284	US$5.9m	-4.38%	no data
0.84%	Curi Capital, LLC	250,000	US$5.8m	0%	0.1%
0.78%	Charles Schwab Investment Management, Inc.	231,154	US$5.4m	6.78%	no data
0.75%	Russell Investment Management, LLC	222,699	US$5.2m	-2.75%	0.01%
0.72%	David Melville	213,181	US$5.0m	0%	no data
0.72%	Millennium Management LLC	212,742	US$5.0m	33.4%	no data
0.62%	Joseph Johnson	183,057	US$4.3m	0.05%	no data
0.53%	Putnam LLC	158,354	US$3.7m	-21.5%	no data
0.45%	Robertson Stephens Wealth Management, LLC	133,761	US$3.1m	0%	0.1%
0.44%	BNY Asset Management	130,278	US$3.0m	9.86%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/10/05 01:04
End of Day Share Price	2025/10/03 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Business First Bancshares, Inc. is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	D.A. Davidson & Co.
Manuel Navas	D.A. Davidson & Co.
Feddie Strickland	Hovde Group, LLC