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
11 Jun 26	SellUS$577,250	George Cummings	Individual	20,000	US$28.89
08 Jun 26	SellUS$428,100	George Cummings	Individual	15,000	US$28.54
27 May 26	SellUS$323,732	George Cummings	Individual	11,595	US$27.92
22 May 26	SellUS$279,900	George Cummings	Individual	10,000	US$27.99
04 Mar 26	SellUS$303,600	George Cummings	Individual	11,000	US$27.60
03 Mar 26	SellUS$274,276	George Cummings	Individual	10,000	US$27.80
25 Feb 26	SellUS$560,000	George Cummings	Individual	20,000	US$28.00
10 Feb 26	BuyUS$3,547	Rolfe McCollister	Individual	120	US$29.56
10 Feb 26	SellUS$296,335	Mark Folse	Individual	10,000	US$29.75
29 Jan 26	SellUS$103,026	Donald Carter	Individual	3,778	US$27.27
27 Jan 26	BuyUS$41,325	Ricky Day	Individual	1,500	US$27.55
01 Dec 25	SellUS$36,974	Gregory Robertson	Individual	1,400	US$26.41
28 Oct 25	BuyUS$38,736	Ricky Day	Individual	1,600	US$24.21
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

Insider Trading Volume

Insider Buying: BFST insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of BFST?
Owner Type	Number of Shares	Ownership Percentage
State or Government	0	0%
Individual Insiders	1,734,159	5.31%
General Public	13,446,575	41.1%
Institutions	17,497,234	53.5%

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

Top Shareholders

Top 25 shareholders own 43.15% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
7.49%	BlackRock, Inc.	2,446,961	US$75.6m	6.84%	no data
4.38%	Vanguard Capital Management, LLC	1,431,162	US$44.2m	0%	no data
3.57%	Dimensional Fund Advisors LP	1,165,720	US$36.0m	7.55%	no data
3.03%	Janus Henderson Group plc	989,686	US$30.6m	0.36%	0.01%
2.72%	American Century Investment Management Inc	890,391	US$27.5m	13.1%	0.01%
2.56%	Royce & Associates, LP	836,098	US$25.8m	1.55%	0.2%
2.48%	Geode Capital Management, LLC	810,004	US$25.0m	10.8%	no data
2.02%	State Street Global Advisors, Inc.	661,090	US$20.4m	12%	no data
1.35%	BNY Asset Management	441,038	US$13.6m	257%	no data
1.33%	Manulife Asset Management	434,931	US$13.4m	-1.12%	0.01%
1.16%	China Merchants Fund Management Company Ltd.	377,800	US$11.7m	0%	0.03%
1.01%	Bridgeway Capital Management, LLC	328,608	US$10.2m	2.49%	0.12%
0.98%	Ranger Investment Management, L.P.	321,290	US$9.9m	-0.34%	0.61%
0.91%	Northern Trust Global Investments	296,091	US$9.1m	13.2%	no data
0.82%	Ricky Day	268,401	US$8.3m	0.38%	no data
0.82%	Charles Schwab Investment Management, Inc.	266,417	US$8.2m	9.79%	no data
0.81%	George Cummings	265,091	US$8.2m	-17.6%	no data
0.77%	Curi Capital, LLC	250,009	US$7.7m	0%	0.12%
0.77%	Mendon Capital Advisors Corp	250,000	US$7.7m	0%	1.94%
0.75%	Vanguard Portfolio Management, LLC	245,307	US$7.6m	0%	no data
0.74%	Russell Investment Management, LLC	241,401	US$7.5m	3.46%	0.01%
0.72%	Banc Funds Company, L.L.C.	234,257	US$7.2m	22.9%	1.22%
0.71%	Fourthstone LLC	231,075	US$7.1m	74.8%	0.86%
0.64%	Vanguard Fiduciary Trust Company	209,234	US$6.5m	9.91%	no data
0.64%	David Melville	208,902	US$6.5m	-2.01%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/07/07 21:59
End of Day Share Price	2026/07/07 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

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 7 analysts. 5 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
Gary Tenner	D.A. Davidson & Co.
null null	D.A. Davidson & Co.
Feddie Strickland	Hovde Group, LLC