Symbols / BFST Stock $28.26 -0.95% Business First Bancshares, Inc.

Financial Services • Banks - Regional • United States • NMS
BFST (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Banks - Regional
CEO Mr. David R. Melville III
Exch · Country NMS · United States
Market Cap 923.88M
Enterprise Value 965.26M
Income 82.46M
Sales 312.76M
FCF (ttm) —
Book/sh 27.95
Cash/sh 18.62
Employees 821
Insider 10d —
IPO Apr 23, 2018
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 20.43%
P/E 10.13
Forward P/E 8.61
PEG —
P/S 2.95
P/B 1.01
P/C —
EV/EBITDA —
EV/Sales 3.09
Quick Ratio —
Current Ratio —
Debt/Eq —
LT Debt/Eq —
EPS (ttm) 2.79
EPS next Y 3.28
EPS Growth 37.60%
Revenue Growth 12.90%
EPS Gr Q/Q 35.60%
Rev Gr Q/Q —
Earnings (next) 2026-04-27
Earnings (prior) 2026-01-22
ROA 1.09%
ROE 10.36%
ROIC —
Gross Margin 0.00%
Oper. Margin 36.24%
Profit Margin 28.09%
Shs Outstand 32.69M
Shs Float 30.92M
Insider Own 5.07%
Instit Own 49.54%
Short Float 1.52%
Short Ratio 2.16
Short Interest 473.27K
52W High 30.32
vs 52W High -6.79%
52W Low 22.52
vs 52W Low 25.52%
Beta 0.82
Impl. Vol. 79.49%
Rel Volume 0.77
Avg Volume 191.62K
Volume 147.91K
Target (mean) $32.60
Tgt Median $32.50
Tgt Low $31.00
Tgt High $34.00
# Analysts 5
Recom None
Prev Close $28.53
Price $28.26
Change -0.95%
About

Business First Bancshares, Inc. operates as the bank holding company for b1BANK that provides various banking products and services in Louisiana and Texas. It offers various deposit products and services, including checking and savings, time, and money market accounts; and certificates of deposits, remote deposit capture, and direct deposit services. The company also provides commercial and industrial loans, such as working capital, term, equipment financing, asset acquisition, expansion and development, borrowing base, and other loan products, as well as commercial lines of credit, accounts receivable factoring, agricultural financing, and letters of credit; construction and development loans; commercial real estate loans; residential real estate loans comprising first and second lien 1-4 family mortgage loans, and home equity lines of credit; and consumer loans, including secured and unsecured installment, and term loans. In addition, it offers wealth management products, including mutual funds, annuities, individual retirement accounts, and other financial products, as well as other fiduciary and private banking products and services. Further, the company provides a range of other financial services comprising debit and credit cards, treasury and cash management, merchant, automated clearing house, lock-box, receivables factoring, correspondent banking, and other treasury services, as well as employee and payroll benefits solutions; and drive-through banking facilities, automated teller machines, night depository, personalized checks, electronic funds transfer, domestic and foreign wire transfer, traveler's checks, vault, loan and deposit sweep accounts, interest-rate swaps, small business administration products, online and mobile banking, e-statements, and bank-by-mail services. Business First Bancshares, Inc. was incorporated in 2006 and is headquartered in Baton Rouge, Louisiana.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$32.60
Mean price target
2. Current target
$28.26
Latest analyst target
3. DCF / Fair value
$41.85
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$28.26
Low
$31.00
High
$34.00
Mean
$32.60

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-26 main DA Davidson Buy → Buy $33
2026-01-23 main Stephens & Co. Overweight → Overweight $35
2026-01-07 main Raymond James Outperform → Outperform $31
2025-07-29 main DA Davidson Buy → Buy $32
2025-07-09 main DA Davidson Buy → Buy $31
2025-07-08 reit Stephens & Co. Overweight → Overweight $30
2025-04-25 main Raymond James Outperform → Outperform $28
2025-04-25 main Stephens & Co. Overweight → Overweight $32
2024-12-19 up Raymond James Market Perform → Outperform $30
2024-01-24 main Piper Sandler Overweight → Overweight $26
2024-01-05 down Raymond James Outperform → Market Perform —
2023-10-27 main Piper Sandler Overweight → Overweight $23
2023-10-27 main Stephens & Co. Overweight → Overweight $24
2023-07-28 main Stephens & Co. Overweight → Overweight $25
2023-07-28 up Raymond James Market Perform → Outperform $20
2023-01-05 down Raymond James Outperform → Market Perform —
2022-12-13 init Piper Sandler — → Overweight $27
2022-10-31 init Raymond James — → Outperform $28
2022-10-28 main Stephens & Co. — → Overweight $30
2022-07-07 main Raymond James — → Strong Buy $29
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-04 CUMMINGS GEORGE W. III Director — 11,000 $27.60 $303,600
2026-03-03 CUMMINGS GEORGE W. III Director — 10,000 $27.42 $274,276
2026-02-27 MCDONALD WARREN F III Officer — 1,337 — —
2026-02-27 STRONG SAUNDRA General Counsel — 1,338 — —
2026-02-27 MANNING KATHRYN Officer — 1,239 — —
2026-02-27 VASCOCU NORMAN JEROME JR. Officer — 2,655 — —
2026-02-27 CARTER DONALD CHAD Officer — 1,337 — —
2026-02-27 ROEMER HEATHER G Officer — 1,141 — —
2026-02-27 MANSFIELD KEITH Officer — 1,926 — —
2026-02-27 ROBERTSON GREGORY C Chief Financial Officer — 1,926 — —
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
319.81
+18.29%
270.37
+9.27%
247.42
+8.74%
227.54
Operating Revenue
319.81
+18.29%
270.37
+9.27%
247.42
+8.74%
227.54
Selling General And Administration
123.66
+10.50%
111.91
+13.79%
98.35
+7.13%
91.80
Selling And Marketing Expense
5.18
+6.17%
4.88
+5.40%
4.63
+17.19%
3.95
General And Administrative Expense
118.48
+10.70%
107.03
+14.20%
93.72
+6.68%
87.85
Salaries And Wages
116.81
+11.25%
105.00
+14.52%
91.69
+6.38%
86.19
Other Gand A
—
—
—
8.36
Reconciled Depreciation
5.68
+8.05%
5.26
+12.57%
4.67
-3.07%
4.82
Total Unusual Items
1.80
+245.31%
-1.24
-157.04%
2.17
+145.07%
-4.81
Total Unusual Items Excluding Goodwill
1.80
+245.31%
-1.24
-157.04%
2.17
+145.07%
-4.81
Special Income Charges
1.80
+245.31%
-1.24
-157.04%
2.17
+145.07%
-4.81
Restructuring And Mergern Acquisition
2.19
+77.51%
1.24
+423.73%
0.24
-95.09%
4.81
Net Income
87.86
+34.95%
65.11
-8.36%
71.04
+30.94%
54.26
Pretax Income
110.31
+32.82%
83.05
-8.32%
90.59
+32.06%
68.59
Net Interest Income
273.16
+20.13%
227.38
+5.70%
215.13
+7.79%
199.58
Interest Expense
191.85
+2.38%
187.38
+35.59%
138.20
+278.24%
36.54
Interest Income
465.01
+12.11%
414.76
+17.39%
353.33
+49.64%
236.11
Gain On Sale Of Security
0.06
+814.29%
0.01
+100.27%
-2.56
-5243.75%
-0.05
Gain On Sale Of Business
3.36
0.00
-100.00%
0.94
0.00
Tax Provision
22.45
+25.10%
17.94
-8.18%
19.54
+36.31%
14.34
Tax Rate For Calcs
0.00
-5.56%
0.00
+0.00%
0.00
+3.34%
0.00
Tax Effect Of Unusual Items
0.37
+237.23%
-0.27
-157.04%
0.47
+146.58%
-1.00
Net Income Including Noncontrolling Interests
87.86
+34.95%
65.11
-8.36%
71.04
+30.94%
54.26
Net Income From Continuing Operation Net Minority Interest
87.86
+34.95%
65.11
-8.36%
71.04
+30.94%
54.26
Net Income From Continuing And Discontinued Operation
87.86
+34.95%
65.11
-8.36%
71.04
+30.94%
54.26
Net Income Continuous Operations
87.86
+34.95%
65.11
-8.36%
71.04
+30.94%
54.26
Normalized Income
86.43
+30.81%
66.08
-4.71%
69.34
+19.44%
58.06
Net Income Common Stockholders
82.46
+38.11%
59.71
-9.04%
65.64
+24.08%
52.91
Diluted EPS
2.79
+23.45%
2.26
-12.74%
2.59
+11.64%
2.32
Basic EPS
2.81
+23.79%
2.27
-13.36%
2.62
+11.97%
2.34
Basic Average Shares
29.40
+11.97%
26.25
+4.68%
25.08
+10.81%
22.63
Diluted Average Shares
29.55
+11.70%
26.45
+4.57%
25.30
+10.86%
22.82
Diluted NI Availto Com Stockholders
82.46
+38.11%
59.71
-9.04%
65.64
+24.08%
52.91
Insurance And Claims
1.67
-17.58%
2.02
-0.15%
2.03
+22.54%
1.66
Occupancy And Equipment
28.61
+19.27%
23.99
+15.01%
20.86
+7.70%
19.37
Other Non Interest Expense
44.05
+19.81%
36.77
+7.86%
34.09
+9.69%
31.08
Preferred Stock Dividends
5.40
+0.00%
5.40
+0.00%
5.40
+300.07%
1.35
Professional Expense And Contract Services Expense
4.57
+21.57%
3.76
+18.37%
3.17
+34.51%
2.36
Line Item Trend 2023-12-31
Total Assets
6,584.55
Cash And Cash Equivalents
226.11
Other Short Term Investments
879.57
Receivables
29.92
Accounts Receivable
29.92
Net PPE
69.48
Gross PPE
120.15
Accumulated Depreciation
-50.67
Land And Improvements
7.54
Buildings And Improvements
56.51
Machinery Furniture Equipment
35.25
Other Properties
20.84
Goodwill And Other Intangible Assets
100.29
Goodwill
88.39
Other Intangible Assets
11.89
Investments And Advances
913.51
Total Liabilities Net Minority Interest
5,940.29
Payables And Accrued Expenses
14.84
Payables
14.84
Accounts Payable
14.84
Current Debt And Capital Lease Obligation
—
Current Debt
—
Other Current Borrowings
—
Long Term Debt And Capital Lease Obligation
616.19
Long Term Debt
616.19
Stockholders Equity
644.26
Common Stock Equity
572.33
Capital Stock
97.28
Common Stock
25.35
Preferred Stock
71.93
Share Issued
25.35
Ordinary Shares Number
25.35
Treasury Shares Number
0.00
Additional Paid In Capital
397.45
Retained Earnings
216.12
Gains Losses Not Affecting Retained Earnings
-66.58
Other Equity Adjustments
-66.58
Total Equity Gross Minority Interest
644.26
Total Capitalization
1,260.45
Invested Capital
1,188.52
Total Debt
616.19
Net Debt
390.08
Net Tangible Assets
543.97
Tangible Book Value
472.04
Available For Sale Securities
33.94
Cash Cash Equivalents And Federal Funds Sold
377.24
Preferred Stock Equity
71.93
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
92.08
+49.95%
61.41
-32.49%
90.97
+30.75%
69.58
Cash Flow From Continuing Operating Activities
92.08
+49.95%
61.41
-32.49%
90.97
+30.75%
69.58
Net Income From Continuing Operations
87.86
+34.95%
65.11
-8.36%
71.04
+30.94%
54.26
Depreciation Amortization Depletion
5.68
+8.05%
5.26
+12.57%
4.67
-3.07%
4.82
Depreciation And Amortization
5.68
+8.05%
5.26
+12.57%
4.67
-3.07%
4.82
Other Non Cash Items
-5.78
-5.67%
-5.47
+45.72%
-10.08
-2.94%
-9.79
Stock Based Compensation
5.82
+94.10%
3.00
-25.01%
4.00
+8.20%
3.70
Deferred Tax
1.20
+224.64%
-0.96
+53.12%
-2.05
-50.00%
-1.37
Deferred Income Tax
1.20
+224.64%
-0.96
+53.12%
-2.05
-50.00%
-1.37
Operating Gains Losses
-6.24
-36.42%
-4.58
-28.78%
-3.55
-86.66%
-1.90
Gain Loss On Investment Securities
-2.16
+2.04%
-2.21
-360.00%
-0.48
+68.13%
-1.51
Gain Loss On Sale Of PPE
0.84
+11900.00%
0.01
0.00
—
Change In Working Capital
-8.57
+38.60%
-13.96
-176.45%
18.26
+513.34%
2.98
Change In Receivables
-2.64
+14.39%
-3.08
+27.55%
-4.25
-22.62%
-3.47
Changes In Account Receivables
-2.64
+14.39%
-3.08
+27.55%
-4.25
-22.62%
-3.47
Change In Payables And Accrued Expense
-1.75
+83.28%
-10.50
-182.34%
12.75
+2356.45%
0.52
Change In Payable
-1.75
+83.28%
-10.50
-182.34%
12.75
+2356.45%
0.52
Change In Account Payable
-1.75
+83.28%
-10.50
-182.34%
12.75
+2356.45%
0.52
Change In Other Current Assets
-10.43
-116033.33%
0.01
+100.53%
-1.68
-127.70%
6.08
Change In Other Current Liabilities
6.25
+1699.49%
-0.39
-103.42%
11.44
+7678.15%
-0.15
Investing Cash Flow
-281.53
+4.54%
-294.92
+43.41%
-521.14
+25.61%
-700.52
Cash Flow From Continuing Investing Activities
-281.53
+4.54%
-294.92
+43.41%
-521.14
+25.61%
-700.52
Net PPE Purchase And Sale
-0.07
+95.77%
-1.56
+86.59%
-11.65
-64.89%
-7.06
Purchase Of PPE
-0.07
+95.77%
-1.56
+86.59%
-11.65
-49.70%
-7.78
Sale Of PPE
—
0.01
0.00
-100.00%
0.72
Capital Expenditure
-0.07
+95.77%
-1.56
+86.59%
-11.65
-49.70%
-7.78
Net Investment Purchase And Sale
-64.89
-5909.04%
1.12
-94.59%
20.65
+9.72%
18.82
Purchase Of Investment
-702.18
-543.14%
-109.18
+25.53%
-146.61
-16.84%
-125.48
Sale Of Investment
637.29
+477.80%
110.30
-34.06%
167.26
+15.91%
144.30
Net Business Purchase And Sale
-43.08
-144.50%
96.82
+767.48%
-14.51
-108.87%
163.46
Purchase Of Business
-43.08
0.00
+100.00%
-14.51
0.00
Gain Loss On Sale Of Business
-3.36
0.00
+100.00%
-0.94
0.00
Net Other Investing Changes
10.27
+755.81%
-1.57
-51.60%
-1.03
+93.86%
-16.82
Financing Cash Flow
281.52
-13.78%
326.50
-35.16%
503.54
-29.60%
715.31
Cash Flow From Continuing Financing Activities
281.52
-13.78%
326.50
-35.16%
503.54
-29.60%
715.31
Net Issuance Payments Of Debt
68.95
+138.85%
-177.51
-292.53%
92.20
-71.82%
327.19
Issuance Of Debt
75.33
-38.50%
122.49
-59.17%
300.00
-8.31%
327.20
Repayment Of Debt
-6.37
+97.88%
-300.00
-44.37%
-207.80
0.00
Long Term Debt Issuance
75.33
-38.50%
122.49
-59.17%
300.00
-8.31%
327.20
Long Term Debt Payments
-6.37
+97.88%
-300.00
-44.37%
-207.80
0.00
Net Long Term Debt Issuance
68.95
+138.85%
-177.51
-292.53%
92.20
-71.82%
327.20
Short Term Debt Issuance
—
—
300.00
0.00
Net Short Term Debt Issuance
—
0.00
0.00
+100.00%
-0.01
Net Common Stock Issuance
-3.73
-11935.48%
-0.03
0.00
-100.00%
48.49
Common Stock Payments
-3.73
-11935.48%
-0.03
0.00
0.00
Common Stock Dividend Paid
-16.84
-13.33%
-14.86
-17.45%
-12.65
-16.92%
-10.82
Cash Dividends Paid
-22.25
-9.78%
-20.26
-12.23%
-18.06
-48.32%
-12.17
Repurchase Of Capital Stock
-3.73
-11935.48%
-0.03
0.00
0.00
Proceeds From Stock Option Exercised
—
0.00
0.00
+100.00%
-1.10
Net Other Financing Charges
—
—
-1.46
—
Changes In Cash
92.08
-0.98%
92.99
+26.74%
73.37
-13.03%
84.36
Beginning Cash Position
319.10
+41.13%
226.11
+48.04%
152.74
+123.39%
68.38
End Cash Position
411.18
+28.86%
319.10
+41.13%
226.11
+48.04%
152.74
Free Cash Flow
92.02
+53.75%
59.85
-24.55%
79.32
+28.36%
61.80
Interest Paid Supplemental Data
193.65
-1.33%
196.25
+56.44%
125.45
+250.43%
35.80
Income Tax Paid Supplemental Data
24.07
+38.73%
17.35
+7.81%
16.09
+18.78%
13.55
Amortization Of Securities
0.80
-62.71%
2.14
-49.01%
4.20
-30.11%
6.00
Common Stock Issuance
—
—
0.00
-100.00%
48.49
Issuance Of Capital Stock
—
0.00
0.00
-100.00%
120.42
Net Preferred Stock Issuance
—
0.00
0.00
-100.00%
71.93
Preferred Stock Dividend Paid
-5.40
+0.00%
-5.40
+0.00%
-5.40
-300.07%
-1.35
Preferred Stock Issuance
—
0.00
0.00
-100.00%
71.93
Sale Of Business
0.00
-100.00%
96.82
0.00
-100.00%
163.46
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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