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Insider Cluster (5 insiders) ·Filed Aug 7, 2026

BFST

Business First Bancshares, Inc.
NEUTRAL
Impact 3/10
Horizondays Processed2mo ago
Insider cluster: 5 insiders, $0.6M total
Actionable Insight • Neutral

The cluster is too small in dollar terms to signal material negative information — monitor for any upcoming earnings or credit events that might explain the selling, but no immediate action warranted.

DirectionNeutral
Confidencehigh
Horizondays
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 6d
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 8w ago
T+60d
Pending
in 6d

Price Chart

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Executive Summary

A cluster of 5 BFST insiders sold a total of $601K in shares over a 7-day window, with the largest sale by Director Cummings ($319K) and a notable C-suite sale by EVP&COO Mansfield ($135K). The total sales represent ~0.06% of the $1.0B market cap, which is below the 0.1% threshold for materiality, and the cluster is dominated by directors and one EVP rather than the CEO/CFO. Given the small dollar amount relative to market cap and the academic literature showing cluster sales are weak predictors, this is a routine event with no actionable signal.

Key Financial Metrics

Direction
selling
Total Value
$601.0K
Insiders
5

Key Facts

  • 5 insiders sold shares totaling $601K over 7 days
  • Largest sale: Director Cummings sold 10,000 shares for $319K
  • EVP&COO Mansfield sold 4,200 shares for $135K
  • Total sales represent ~0.06% of BFST's $1.0B market cap
  • No CEO or CFO sales in the cluster
  • Prior 30-day insider activity: 10 sells totaling $1.9M

Financial Impact

Total insider sales of $601K, representing ~0.06% of market cap

insider ownership

Risk Factors

  • Insider selling could accelerate if broader sector headwinds emerge for regional banks

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-1786169052627
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—$31.82 (−0.66%)
Oct 26, 2026
today
8-K
BEARISH ★ 5/10
$31.61awaiting T+20—$31.82 (−0.66%)
Oct 1, 2026
25d ago
Press Release
NEUTRAL ★ 1/10
$30.90awaiting T+20—$31.82 (+2.98%)
Aug 12, 2026
10w ago
Institutional Cluster
BULLISH ★ 5/10
$32.28 $31.42▼ −2.66%▼ −0.92%$31.82 (−1.43%)
Aug 7, 2026
11w ago
Insider Cluster
NEUTRAL ★ 3/10
$31.54 $31.38▼ −0.51%▲ +0.41%$31.82 (+0.89%)
Aug 7, 2026
11w ago
Insider Cluster
NEUTRAL ★ 3/10
$31.54 $31.38▼ −0.51%▲ +0.41%$31.82 (+0.89%)
Aug 6, 2026
11w ago
Insider Cluster
NEUTRAL ★ 3/10
$31.66 $31.84▲ +0.57%▲ +0.97%$31.82 (+0.51%)
Aug 5, 2026
11w ago
Insider Cluster
NEUTRAL ★ 2/10
$31.71 $31.49▼ −0.69%▼ −1.29%$31.82 (+0.35%)
Jul 31, 2026
12w ago
Insider Cluster
NEUTRAL ★ 4/10
$31.92 $31.02▼ −2.82%▼ −4.06%$31.82 (−0.31%)
Jul 30, 2026
12w ago
Insider Cluster
NEUTRAL ★ 3/10
$31.82 $31.21▼ −1.92%▼ −4.90%$31.82 (−0.00%)
Showing 10 of 15

US Market Status

Market Closed — Opens Wed (10h 50m)

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Report published Aug 8, 2026