Business First Bancshares, Inc.
Business First Bancshares, Inc. (BFST) is listed on NASDAQ and classified in Banks - Regional, part of the Financial Services sector. It is headquartered in Baton Rouge, United States and has 821 employees. The company is worth $1.02B and trades at 11.1x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $324.71M in fiscal 2025, up 19.6% from the year before. Net income was $87.86M. The share price is 3.7% below its 52-week high of $32.53. It pays a dividend yielding 1.92%, and has raised its annual dividend for 6 years in a row in our records. 4 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Two Sigma (Two Sigma Investments), at $5.76M. In that quarter, 2 of them opened or added to the position. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +13.9% over 5Y.
today you would have $1,314.77▲ +31.5%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 8 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $26.14 | $25.70 | $24.65 | $22.14 | $28.31 | $20.36 | $24.93 | $24.23 | |
| P/E | 11.3x | 9.4x | 11.4x | 9.5x | 9.5x | 11.2x | 12.4x | 14.3x | 19.9x |
| P/S | 2.8x | 2.6x | 2.8x | 2.5x | 2.4x | 3.0x | 2.8x |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 11.2% a year plus a 1.9% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
Median P/E of 11.3 across this company’s own years on record.
Cash flow growing 11.2% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividend growing 6.4% a year against a 7.9% required return, from the stock’s beta.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| HBNCHorizon Bancorp Inc | $19.99 | — | 1.4x | 3.20% | -18.98% | $1.03B |
| MCBSMetroCity Bankshares, Inc. | $35.13 | 12.2x | 1.8x | 3.07% | 15.91% | $1.01B |
| CFFNCapitol Federal Financial, Inc. | $8.33 | 12.8x | 1.0x | 4.08% | 8.01% | $1.03B |
| EGBNEagle Bancorp Inc |
| 3.7x |
| 4.6x |
| P/B | 1.0x | 1.0x | 1.0x | 1.0x | 1.0x | 1.3x | 1.0x | 1.2x | 1.2x |
| EPS | $2.79 | $2.26 | $2.59 | $2.32 | $2.53 | $1.64 | $1.74 | $1.22 |
| Dividend yield | 2.00% | 2.18% | 2.18% | 2.03% | 2.17% | 1.62% | 1.96% | 1.52% | 0.99% |
| Payout | 20.56% | 20.43% | 24.78% | 19.31% | 20.69% | 18.18% | 24.39% | 21.84% | 19.67% |
| Profit margin | 25.06% | 27.06% | 23.97% | 28.22% | 23.70% | 27.49% | 20.11% | 26.15% | 20.13% |
| ROE | 8.84% | 9.80% | 8.14% | 11.03% | 9.35% | 12.03% | 7.32% | 8.34% | 5.42% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+59.3% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| $32.97 |
| — |
| 0.9x |
| 0.12% |
| -4.14% |
| $1.01B |
| EQBKEquity Bancshares Inc | $48.64 | 10.7x | 1.2x | 1.81% | 12.08% | $1B |
| CCNECnb Financial Corp | $35.24 | 10.6x | 1.3x | 2.16% | 12.42% | $1.04B |