On September 9, 2024, Mark Folse, Director at Business First Bancshares Inc (BFST, Financial), executed a sale of 7,346 shares of the company. The transaction was documented in an SEC Filing. Following this transaction, the insider now owns 63,286 shares of Business First Bancshares Inc.
Business First Bancshares Inc operates as the bank holding company for Business First Bank, providing various banking products and services in Louisiana and Texas. The company offers commercial and personal banking services to businesses, professionals, and individuals.
Over the past year, Mark Folse has sold a total of 75,000 shares and has not made any purchases of the company's stock. The insider transaction history for Business First Bancshares Inc shows a pattern of more sales than purchases among insiders, with 10 sales and only 2 buys over the past year.
On the day of the sale, shares of Business First Bancshares Inc were trading at $24.56, giving the company a market cap of approximately $632.709 million. The price-earnings ratio of the stock stood at 10.21, slightly above the industry median but below the company's historical median.
According to the GF Value, which is an intrinsic value estimate used to determine fair valuation, Business First Bancshares Inc is considered Fairly Valued with a price-to-GF-Value ratio of 1.05. The GF Value is calculated based on historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This recent insider sale might interest investors tracking insider behaviors as an indicator of confidence levels regarding the company's current valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
