Business First Bancshares, Inc.
Business First Bancshares, Inc. is classified under Financials / Banks and appears profitable on the latest normalized snapshot.
Business. Business First Bancshares, Inc. (BFST) is a commercial bank holding company operating within the Banking Services industry. The company is headquartered in the United States and its common stock is listed on the Nasdaq stock exchange. As a financial institution, it generates revenue primarily through interest income. Specific details regarding operating segments or geographic concentrations are not provided in the available data.
Analyst recommendations
5 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
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- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Peers
- DividendDividend USD 1.75/sh2026-09-25 · Bank of America (BAC)
- EarningsQ3 2026 earnings (expected)2026-10-13 · estimated · JPMorgan Chase (JPM)
- EarningsQ3 2026 earnings (expected)2026-10-13 · estimated · Citigroup (C)
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Business First Bancshares, Inc. (BFST) is a commercial bank holding company operating within the Banking Services industry. The company is headquartered in the United States and its common stock is listed on the Nasdaq stock exchange. As a financial institution, it generates revenue primarily through interest income. Specific details regarding operating segments or geographic concentrations are not provided in the available data.
Business First Bancshares, Inc. (BFST) is currently classified as Commercial Banks within Banks (Financials). Classification confidence: 0.98 (rule-based classification). Capital structure on the latest snapshot: total assets 8,906,808,000 USD, total equity 991,176,000, short-term debt 0, long-term debt 0. Net cash position is approximately 589,804,000 USD. Self-calculated market cap is 1,021,597,863 USD (market_price × shares_outstanding_diluted). Profitability profile: revenue 0, gross profit 0, operating income 0, net income 23,564,000. Return on equity ~2.4%. Return on assets ~0.3%. Operating-cash-flow to net-income ratio is 1.13. Risk profile from automated assessment: liquidity risk low, dilution risk high. Flags: Diluted share count is materially above the basic share count.; Source documents mention dilution or offering risk.. Recent news context: [TRIGGER] 8-K: 8-K (sec_8k_material) on BFST — filing_type=8-K; max_severity=medium; ignored_items=['7.01', '9.01']; material_items=['2.02']; all_items_found=['2.02', '7.01', '9.01']; severity_per_code={'2.02': 'medium'}; contributing_watchers=sec_8k_material (source=sec_8k_material; url=0001624322-26-000032). Additional context: 8-K: filing_type=8-K; max_severity=medium; ignored_items=['7.01', '9.01']; material_items=['2.02']; all_items_found=['2.02', '7.01', '9.01']; severity_per_code={'2.02': 'medium'}; contributing_watchers=sec_8k_material. Comparable peers identified within the same class: JPMorgan Chase, Bank of America, Citigroup.
- Observed GAAP P/E is about 43.35x.
- Return on equity is about 2.4%.
- Debt to equity is about 0.0x.
- [TRIGGER] 8-K: 8-K (sec_8k_material) on BFST — filing_type=8-K; max_severity=medium; ignored_items=['7.01', '9.01']; material_items=['2.02']; all_items_found=['2.02', '7.01', '9.01']; severity_per_code={'2.02': 'medium'}; contributing_watchers=sec_8k_material (source=sec_8k_material; url=0001624322-26-000032)
- Likely peers from the same classification include JPMorgan Chase, Bank of America, Citigroup.
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Bull / Bear case
Generated · model-assistedThe company trades at a modest 1.23x price-to-book multiple, suggesting limited downside relative to tangible book value.
Total assets grew at a 9.2% compound annual rate over five years, indicating historical balance sheet expansion.
Equity expanded at an 11.4% compound annual growth rate over five years, supporting capital base resilience.
The debt-to-equity ratio of 0.0 ranks above the median for the bank cohort, indicating low leverage.
Liquidity risk is assessed as low, suggesting the company maintains adequate short-term financial flexibility.
Net income declined 25.9% year-over-year in FY2025, signaling a significant deterioration in recent profitability.
Return on equity of 2.38% falls in the bottom quartile of the bank cohort, indicating poor capital efficiency.
High dilution risk is flagged, potentially eroding shareholder value through future equity issuances or conversions.
Total assets contracted 4.4% year-over-year in FY2025, marking a reversal in historical balance sheet growth.
In focus — financials by report
Valuation FY
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 3,01 |
| Revenue | —no estimate | —no estimate | 369,4M USD |
| Operating income | —no estimate | —no estimate | 130,0M USD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Diluted share count is materially above the basic share count.
- Source documents mention dilution or offering risk.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- Director · Restricted Stock Units → Common StockDisposed 1 016exercise · 2026-06-26
- Director · Restricted Stock Units → Common StockDisposed 1 016exercise · 2026-06-26
- Director · Restricted Stock Units → Common StockDisposed 1 016exercise · 2026-06-26
- Director · Restricted Stock Units → Common StockDisposed 1 016exercise · 2026-06-26
- Director · Restricted Stock Units → Common StockDisposed 1 016exercise · 2026-06-26
- Director · Restricted Stock Units → Common StockDisposed 1 016exercise · 2026-06-26
- Director · Restricted Stock Units → Common StockDisposed 1 016exercise · 2026-06-26
- Director · Restricted Stock Units → Common StockDisposed 1 016exercise · 2026-06-26
- Director · Restricted Stock Units → Common StockDisposed 998exercise · 2026-06-26
- Director · Restricted Stock Units → Common StockDisposed 1 016exercise · 2026-06-26
- Director · Restricted Stock Units → Common StockDisposed 1 016exercise · 2026-06-26
- Director · Restricted Stock Units → Common StockDisposed 1 016exercise · 2026-06-26
- Director · Restricted Stock Units → Common StockDisposed 1 016exercise · 2026-06-26
- Director · Restricted Stock Units → Common StockDisposed 1 016exercise · 2026-06-26
- Director · Restricted Stock Units → Common StockAcquired 998grant · 2026-06-25
- Director · Restricted Stock Units → Common StockAcquired 998grant · 2026-06-25
- Director · Restricted Stock Units → Common StockAcquired 998grant · 2026-06-25
- Director · Restricted Stock Units → Common StockAcquired 998grant · 2026-06-25
- Director · Restricted Stock Units → Common StockAcquired 1 016grant · 2026-06-25
- Director · Restricted Stock Units → Common StockAcquired 998grant · 2026-06-25
- Director · Restricted Stock Units → Common StockAcquired 998grant · 2026-06-25
- Director · Restricted Stock Units → Common StockAcquired 998grant · 2026-06-25
- Director · Restricted Stock Units → Common StockAcquired 998grant · 2026-06-25
- Director · Restricted Stock Units → Common StockAcquired 998grant · 2026-06-25
- Director · Restricted Stock Units → Common StockAcquired 998grant · 2026-06-25
Actions
Ask Handelsavisen
- Market data
- Regulatory filings
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Reference data
- Price To Tangible Bookmarket_price / (tangible_book_value / shares_outstanding_diluted)
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Return On Equitynet_income / total_equity
- Enterprise Valuemarket_cap - net_cash
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Business First Bancshares, Inc. company facts · 2026-07-26
- Business First Bancshares, Inc. 10-Q 2026-05-01 · 2026-07-26
- Business First Bancshares, Inc. 10-K 2026-02-26 · 2026-07-26
- Business First Bancshares, Inc. 10-Q 2025-10-30 · 2026-07-26
- Business First Bancshares, Inc. 10-Q 2025-08-05 · 2026-07-26
- 8-K (sec_8k_material) on BFST · 2026-07-26
- Business First Bancshares Inc Market data — analyst estimates · 2026-07-26
- Business First Bancshares Inc Market data — ESG · 2026-07-26
- Business First Bancshares, Inc. HA canonical relationships · 2026-07-26
Ownership & reference
Top holders
- Institutional Investor · as of 2026-03-310,01 %$27M
- Investment Managers · as of 2026-03-310,01 %$24M
- Investment Managers · as of 2026-03-310,01 %$32M
- Investment Managers · as of 2026-03-310,00 %$3M
- Institutional Investor · as of 2026-03-310,00 %$12M
- Investment Managers · as of 2026-03-310,00 %$22M
- Investment Managers · as of 2026-03-310,00 %$3M
- Investment Managers · as of 2026-03-310,00 %$5M
- Investment Managers · as of 2026-03-310,00 %$7M
- Investment Managers · as of 2026-03-310,00 %$8M
- Investment Managers · as of 2024-06-300,00 %$47M
- Investment Managers · as of 2026-03-310,00 %$3M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2024-12-310,00 %$2M
- Investment Managers · as of 2025-12-310,00 %$43M
- Investment Managers · as of 2026-03-310,00 %$18M
- Investment Managers · as of 2026-03-310,00 %$4M
- Investment Managers · as of 2026-03-310,00 %$1M
- Brokerage Firms · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$5M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$1M
- Funds · as of 2026-03-310,00 %$1M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Brokerage Firms · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
Insider activity
- Director · COMMON STOCKSold 10 000 @ $31,50$315K · 2026-07-31
- Director · COMMON STOCKSold 10 000 @ $32,08$321K · 2026-07-30
- EVP&COO of b1Bank · COMMON STOCKSold 4 200 @ $32,08$135K · 2026-07-30
- Director · COMMON STOCKSold 2 000 @ $31,15$62K · 2026-07-29
- Director · COMMON STOCKSold 10 000 @ $31,88$319K · 2026-07-29
- Director · COMMON STOCKSold 10 000 @ $31,86$319K · 2026-07-28
- Director · COMMON STOCKSold 10 000 @ $31,75$318K · 2026-07-28
- Director · COMMON STOCKBought 1 500 @ $31,61$47K · 2026-07-28
- Director · COMMON STOCKOther 1 016 · 2026-06-26
- Director · COMMON STOCKOther 1 016 · 2026-06-26
- Director · COMMON STOCKOther 1 016 · 2026-06-26
- Director · COMMON STOCKOther 1 016 · 2026-06-26
- Director · COMMON STOCKOther 1 016 · 2026-06-26
- Director · COMMON STOCKOther 1 016 · 2026-06-26
- Director · COMMON STOCKOther 1 016 · 2026-06-26
- Director · COMMON STOCKOther 1 016 · 2026-06-26
- Director · COMMON STOCKOther 1 016 · 2026-06-26
- Director · COMMON STOCKOther 1 016 · 2026-06-26
- Director · COMMON STOCKOther 1 016 · 2026-06-26
- Director · COMMON STOCKOther 1 016 · 2026-06-26
- Director · COMMON STOCKOther 1 016 · 2026-06-26
- Director · COMMON STOCKOther 1 016 · 2026-06-26
- Director · COMMON STOCKOther 1 016 · 2026-06-26
- Director · COMMON STOCKSold 5 000 @ $28,78$144K · 2026-06-11
- Director · COMMON STOCKSold 15 000 @ $28,89$433K · 2026-06-10
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Shares outstanding (annual): 29.51MUnknown
- Total assets (annual): USD 8.21BUnknown
- Capex (annual): USD 66KUnknown
- Net income (annual): USD 87.9MUnknown
- Operating cash flow (annual): USD 92.08MUnknown
- Total liabilities (annual): USD 7.32BUnknown
- Shareholders' equity (annual): USD 896.88MUnknown
- EPS (diluted) (annual): USD-PER-SHARES 3Unknown
- Cash & equivalents (annual): USD 411.18MUnknown
- Pre-tax income (annual): USD 110.31MUnknown
- EPS (basic) (annual): USD-PER-SHARES 3Unknown
- Capex (annual): USD 1.56MUnknown
- Shares outstanding (annual): 29.55MUnknown
- Total assets (annual): USD 7.86BUnknown
- Operating cash flow (annual): USD 61.41MUnknown
- Pre-tax income (annual): USD 83.05MUnknown
- Net income (annual): USD 65.1MUnknown
- Shareholders' equity (annual): USD 799.47MUnknown
- EPS (basic) (annual): USD-PER-SHARES 2Unknown
- EPS (diluted) (annual): USD-PER-SHARES 2Unknown
- Total liabilities (annual): USD 7.06BUnknown
- Cash & equivalents (annual): USD 319.1MUnknown