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Insider Cluster (4 insiders) ·Filed Aug 7, 2026

BFST

Business First Bancshares, Inc.
NEUTRAL
Impact 3/10
Horizonweeks Processed2mo ago
Insider cluster: 4 insiders, $0.5M total
Actionable Insight • Neutral

The cluster is small relative to market cap and lacks an associated catalyst, so it is unlikely to be predictive of near-term stock movement. Monitor the next BFST 10-Q for earnings trends and credit quality metrics, as retail bank sentiment is more tied to net interest margin and provision expense than insider liquidity moves. No trade action warranted.

DirectionNeutral
Confidencemedium
Horizonweeks
Latest settled — T+20d ⚠ clustered
BFST ▼ -0.51% at T+20d
NEUTRAL call -0.51% · α vs SPY +0.41% · entry $31.54 → $31.38
Next anchor: T+60d in 7d
Latest observation: T+53 -5.16% FF3 residual α
Entry = T+0 close
Aug 7, 2026
via day close
T+1d
+1.40%
call +1.40% · α +1.71%
$31.98
settled 3mo ago
T+5d
+1.81%
call +1.81% · α +1.85%
$32.11
settled 2mo ago
T+20d
-0.51%
call -0.51% · α +0.41%
$31.38
settled 7w ago
T+60d
Pending
in 7d

Price Chart

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Executive Summary

Four BFST insiders sold a total of $545K in open-market sales over an 8-day window, including the COO, General Counsel, an EVP, and a Director. While the aggregate dollar amount is only ~0.05% of the $1.0B market cap — below the materiality threshold — the cluster includes multiple C-suite officers selling near the same price levels, which warrants attention. No obvious catalyst (earnings, deal, guidance) coincides with this window, so the selling likely reflects stock-based compensation vesting cycles or routine portfolio diversification rather than a coordinated bearish signal.

Key Financial Metrics

Direction
selling
Total Value
$545.0K
Insiders
4

Key Facts

  • Four insiders sold shares in open-market transactions between July 30 and August 6, 2026.
  • Total sales: $545K — approximately 0.05% of BFST's $1.0B market cap.
  • Sellers include the EVP & COO ($135K), EVP & General Counsel ($32K), EVP Correspondent Banking ($59K), and a Director ($319K).
  • No significant BFST corporate events (earnings, deal announcements, SEC filings) occurred during the cluster window.
  • BFST's 30d trailing insider activity included 10 prior sells totaling $2.2M, reinforcing a pattern of consistent, moderate selling.

Financial Impact

$545K in insider sales, or ~0.05% of market cap — unlikely to represent material conviction selling.

Risk Factors

  • A subsequent, larger insider sell-off (e.g., >$1M within 30 days) could signal gathering concerns.
  • If the quarter shows rising non-performing assets or margin compression, these preemptive sales may be viewed negatively ex post.

Market Snapshot

Exchange
Nasdaq
Sector
State Commercial Banks
Analyst Consensus
91% bullish (11 analysts)

Investment Themes

Traditional Finance

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-BFST-1786140075061
15 reports for BFST
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for BFST — sortable, filterable
TypeNow
Oct 26, 2026
today
Press Release
BEARISH ★ 5/10
$31.61awaiting T+20—$31.76 (−0.47%)
Oct 26, 2026
today
8-K
BEARISH ★ 5/10
$31.61awaiting T+20—$31.76 (−0.47%)
Oct 1, 2026
24d ago
Press Release
NEUTRAL ★ 1/10
$30.90awaiting T+20—$31.76 (+2.78%)
Aug 12, 2026
10w ago
Institutional Cluster
BULLISH ★ 5/10
$32.28 $31.42▼ −2.66%▼ −0.92%$31.76 (−1.61%)
Aug 7, 2026
11w ago
Insider Cluster
NEUTRAL ★ 3/10
$31.54 $31.38▼ −0.51%▲ +0.41%$31.76 (+0.70%)
Aug 7, 2026
11w ago
Insider Cluster
NEUTRAL ★ 3/10
$31.54 $31.38▼ −0.51%▲ +0.41%$31.76 (+0.70%)
Aug 6, 2026
11w ago
Insider Cluster
NEUTRAL ★ 3/10
$31.66 $31.84▲ +0.57%▲ +0.97%$31.76 (+0.32%)
Aug 5, 2026
11w ago
Insider Cluster
NEUTRAL ★ 2/10
$31.71 $31.49▼ −0.69%▼ −1.29%$31.76 (+0.16%)
Jul 31, 2026
12w ago
Insider Cluster
NEUTRAL ★ 4/10
$31.92 $31.02▼ −2.82%▼ −4.06%$31.76 (−0.50%)
Jul 30, 2026
12w ago
Insider Cluster
NEUTRAL ★ 3/10
$31.82 $31.21▼ −1.92%▼ −4.90%$31.76 (−0.19%)
Showing 10 of 15

US Market Status

Market Open — Closes in 22m

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Report published Aug 7, 2026