Business First Bancshares, Inc.
Business First Bancshares, Inc. (BFST) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · BFST · as of Sep 30, 2025
Ownership Breakdown
155
Institutional Holders
▲ 9 vs Q2
$355.85M
Total Inst. Value
▼ $10.39M vs Q2
32.68M
Shares Outstanding
freeFloat 93.79%
15.07M
13F Shares Held
▲ 188,993 vs Q2
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
BFST largest shareholders · institutional ownership
Q3 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
BLACKROCK, INC. state commercial banks | 2.25M | 7.66% | 7.66% | $53.03B | Nov 12, 2025 | ▲ 29.8K |
VANGUARD GROUP INC state commercial banks | 1.59M | 5.42% | 5.42% | $37.57B | Nov 7, 2025 | ▲ 17.7K |
DIMENSIONAL FUND ADVISORS LP state commercial banks | 1.02M | 3.49% | 3.49% | $24.18B | Nov 12, 2025 | ▲ 37.0K |
JANUS HENDERSON GROUP PLC state commercial banks | 1.02M | 3.47% | 3.47% | $24.05B | Nov 14, 2025 | ▲ 16.5K |
AMERICAN CENTURY COMPANIES INC state commercial banks | 730.7K | 2.49% | 2.49% | $17.25B | Nov 12, 2025 | ▲ 81.6K |
GEODE CAPITAL MANAGEMENT, LLC state commercial banks | 716.6K | 2.44% | 2.44% | $16.92B | Nov 12, 2025 | ▲ 19.4K |
ROYCE & ASSOCIATES LP state commercial banks | 648.1K | 2.21% | 2.21% | $15.30B | Nov 12, 2025 | ▲ 96.7K |
STATE STREET CORP state commercial banks | 598.5K | 2.04% | 2.04% | $14.13B | Nov 14, 2025 | ▲ 23.2K |
MANUFACTURERS LIFE INSURANCE COMPANY, THE state commercial banks | 444.3K | 1.51% | 1.51% | $10.49B | Nov 14, 2025 | ▼ 6.9K |
RANGER INVESTMENT MANAGEMENT, L.P. state commercial banks | 345.9K | 1.18% | 1.18% | $8.17B | Nov 5, 2025 | ▲ 2.2K |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q3 2025 vs prior quarter
Q3 2025
28
Increased
+719.6K shares1
New Positions
first time holders15
Decreased
−168.3K shares0
Sold Out
fully exitedNet shares change (top 50)
+551.2K
+719.6K / −168.3K
Net new holders
+14
1 new / 0 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
BFST insider trading · insider activity
Source: SEC Form 4
Insiders have been primarily selling shares recently. Selling may be driven by pre-scheduled Rule 10b5-1 plans rather than negative sentiment.
0
Buy transactions
2
Sell transactions
0.00
Buy/Sell ratio
$0M
Total disposed
Recent Insider Transactions
Showing 10 most recent · Common Stock only
| Name · Role | Date | Type | Shares | Price | Value | After Trans. | Filing |
|---|---|---|---|---|---|---|---|
Cummings George W. III director | May 27, 2026 | Sale | 11,595 | $27.92 | $323.7K | 296.2K | Form 4 ↗ |
Cummings George W. III director | May 22, 2026 | Sale | 10,000 | $27.99 | $279.9K | 307.8K | Form 4 ↗ |
Vascocu Norman Jerome Jr President of b1Bank | Mar 31, 2026 | Tax Withhold | 1,600 | $27.04 | $43.3K | 21.6K | Form 4 ↗ |
Strong Saundra EVP & General Counsel | Mar 31, 2026 | Tax Withhold | 1,204 | $27.04 | $32.6K | 5.9K | Form 4 ↗ |
Roemer Heather G. EVP, CAO | Mar 31, 2026 | Tax Withhold | 528 | $27.04 | $14.3K | 19.1K | Form 4 ↗ |
ROBERTSON GREG EVP and CFO | Mar 31, 2026 | Tax Withhold | 1,033 | $27.04 | $27.9K | 69.5K | Form 4 ↗ |
MELVILLE DAVID R. III President and CEO | Mar 31, 2026 | Tax Withhold | 4,279 | $27.04 | $115.7K | 208.9K | Form 4 ↗ |
McDonald Warren EVP & Chief Credit Officer | Mar 31, 2026 | Tax Withhold | 1,158 | $27.04 | $31.3K | 14.2K | Form 4 ↗ |
MANSFIELD KEITH EVP&COO of b1Bank | Mar 31, 2026 | Tax Withhold | 1,324 | $27.04 | $35.8K | 81.3K | Form 4 ↗ |
Manning Kathryn EVP & Chief Risk Officer | Mar 31, 2026 | Tax Withhold | 874 | $27.04 | $23.6K | 15.8K | Form 4 ↗ |
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
Business First Bancshares, Inc. (BFST) is primarily owned by institutional investors, who hold approximately 46.1% of total shares outstanding. Company insiders own approximately 6.21%, while retail and public investors account for the remaining 47.66%.
The largest institutional shareholder of Business First Bancshares, Inc. is BLACKROCK, INC., holding approximately 2.25 million shares — equal to 7.66% of outstanding shares — as of September 30, 2025.
A total of 155 institutional investors currently hold BFST stock, with a combined institutional value of approximately $355,849,224 as of the most recent 13F filing period.
Frequently asked questions
BFST ownershipBusiness First Bancshares, Inc. (BFST) is primarily owned by institutional investors, who hold approximately 46.1% of shares. The largest shareholder is BLACKROCK, INC. with a 7.66% stake. Company insiders hold 6.21%. Data sourced from SEC Form 13F as of September 30, 2025.