BFST · NASDAQ · Banks - Regional

Business First Bancshares (BFST)

Runs b1BANK, a Louisiana-and-Texas community bank built for small-to-midsized business owners.

$30.68
vs last close+0.01 (+0.02%)
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Business First Bancshares, Inc.BFST
Financial sector

Operates b1BANK, a business-focused community bank serving small-to-midsized business owners across Louisiana and Texas, built through a steady sequence of acquisitions since 2006 and paired with a wealth-management affiliate for private-banking clients.

Serves small-to-midsized business owners and their companies as a business-focused community bank operating under the b1BANK brand across Louisiana and Texas.

Grew from a single Baton Rouge bank chartered in 2006 into a multi-market franchise through a steady string of acquisitions, expanding first across Louisiana, then into Houston and the Dallas-Fort Worth metroplex.

Pairs commercial and consumer lending with treasury management, correspondent banking, and a wealth-management affiliate that advises business owners and private-banking clients on investments and financial planning.

Operates as a single reportable segment and functions as a regulated bank holding company, with its Louisiana banking subsidiary supervised at the state level alongside federal bank-holding oversight.

Company facts

CEODavid R. Melville III
ListedApr 9, 2018
ExchangeNASDAQ
HeadquartersBaton Rouge, LA
CountryUnited States
Employees872
CIK0001624322
ISINUS12326C1053

Market cap$1.00B
EPS (ttm)$2.82
P/E (ttm)10.88
ROE9.8%
P/B0.9937
P/S2.20
Dividend yieldDiv yield1.96%
Beta0.48vs XLF 0.78

Price target$34.50+12.5%Average of 4 analysts
ConsensusBuy4 of 4 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Jul 24, 2026Hovde GroupReiterate
Rating: Target:
Rating: OutperformTarget: $36
Apr 27, 2026StephensTarget
Target: $35
Target: $33
Jan 26, 2026DA DavidsonReiterate
Rating: Target:
Rating: BuyTarget: $33
Jan 23, 2026StephensTarget
Target:
Target: $35
Jan 7, 2026Raymond JamesReiterate
Rating: Target: $28
Rating: OutperformTarget: $31

Next report
Oct 22, 26
in 29 days
EPS estimate
$0.75
Revenue estimate
$93.3M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Reported$0.66$0.65$0.66$0.72$0.79$0.73$0.71Pending
Estimate$0.49$0.61$0.65$0.69$0.72$0.69$0.70$0.75
Surprise+34.7%+6.6%+1.5%+4.3%+9.7%+5.8%+1.4%

RevenueReportedEstimate

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Reported$77.4M$77.8M$78.3M$80.8M$83.1M$89.2M$91.8MPending
Estimate$75.6M$77.5M$81.2M$81.4M$81.4M$91.0M$91.3M$93.3M
Surprise+2.4%+0.4%−3.5%−0.7%+2.1%−1.9%+0.6%
Estimate$0.75
ReportedDue Oct 22, 2026
Estimate$93.3M
ReportedDue Oct 22, 2026
View details

Debt to equity61.10%
Current ratio205.40%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$113.2M$127.8M$125.5M$126.2M$130.2M$130.0M$133.8M$61.2M
Net income$17.8M$16.5M$20.5M$22.1M$22.9M$22.4M$23.6M$24.2M
Net margin15.8%12.9%16.4%17.5%17.6%17.2%17.6%39.5%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$22.8M$21.3M$25.8M$28.0M$28.9M$30.7M$29.5M−$29.5M
YoY growth−12.3%+4.7%+50.0%+28.8%+26.8%+44.0%+14.2%Turned loss

Balance sheet, Jun 30, 2026Cash & short-term investments $1.62B · Total debt $616.1M · Total assets $8.90B · Shareholders' equity $1.01B

Revenue
$61.2M
Operating income
−$29.5M
Net income
$24.2M
View details

Dividend yield
1.96%
Next ex-date
Nov 14, 26
estimated · in 52 days
Annual dividend
$0.60
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Nov '24Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26
Dividend$0.14$0.14$0.14$0.14$0.15$0.15$0.15$0.15
Annual yield1.99%2.04%2.26%2.35%2.26%1.99%2.20%1.87%
Ex-dateNov 15Feb 14May 15Aug 15Nov 14Feb 13May 15Aug 14
Payment dateNov 30Feb 28May 31Aug 31Nov 30Feb 28May 29Aug 31
View details

Institutions58.84%19.15M shares
176 holders · as of Jun 30, 2026
Insiders4.60%1.50M shares
26 holders · as of Aug 25, 2026
Other36.56%11.90M shares
remainder

32.55M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
8.40%2.73Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
4.30%1.40Mas of Jun 30, 2026
Dimensional Fund Advisors LPInstitution
4.03%1.31Mas of Jun 30, 2026
Jupiter Topco LLCInstitution
3.35%1.09Mas of Jun 30, 2026
State Street CorpInstitution
3.21%1.05Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 24, 2026George W. III Cummingsdirector−10,000$31.33
Aug 21, 2026George W. III Cummingsdirector−4,200$31.27
Aug 19, 2026George W. III Cummingsdirector−3,235$31.80
Aug 18, 2026George W. III Cummingsdirector−10,000$31.78
Aug 5, 2026William G. Halldirector−11,389$31.97
View details

  • Hancock Whitney

    Gulf South regional bank overlapping directly in Baton Rouge and Houston/DFW

  • Origin Bancorp

    Close Louisiana community-bank peer parallel-expanding into DFW and Houston

  • Prosperity Bancshares

    Much larger Houston-based Texas/Oklahoma bank overlapping in Houston

  • Investar

    Baton Rouge-headquartered community bank, direct home-market rival

  • ServisFirst Bancshares

    Branch-light commercial bank now entering Houston for business clients

  • Home Bancorp

    South Louisiana community bank overlapping in Baton Rouge/New Orleans

  • Home BancShares

    Much larger Sun Belt CRE-focused bank overlapping only in DFW

Compare

CompanyPriceChange
Business First Bancshares$30.68+0.02%$1.00B10.99.82.2+17.2%
Hancock Whitney$73.45−0.16%$5.97B14.410.63.0+7.8%
Origin Bancorp$53.50+0.62%$1.64B16.612.52.7+27.0%
Prosperity Bancshares$68.92+0.09%$8.28B11.910.34.7+25.9%
Investar$29.77−0.42%$411.0M12.69.62.2+64.5%
ServisFirst Bancshares$41.65−0.25%$4.56B14.212.24.4+27.6%
Home Bancorp$67.80−0.46%$535.9M11.411.12.5+7.2%
Home BancShares$29.16+0.05%$5.87B12.011.44.2+10.7%
Median12.611.13.0+25.9%