Did Business First Bancshares, Inc. (NASDAQ:BFST) insiders sell their shares?
Investors may wish to note that the independent director of Business First Bancshares, Inc., Steven White, recently earned US$81,000 from stock sales, receiving an average price of US$26.90. On the bright side, it’s only a small sell-off and only reduced their stake by 7.4%.
The last 12 months of insider trading at Business First Bancshares
Over the past year, we can see that the largest insider sale was by director Mark Folse for US$435,000 worth of stock, at around US$29.00 per share. So what is clear is that an insider saw fit to sell around the current price of US$26.88. We usually don’t like insider selling, but the lower the selling price, the more we’re concerned about it. We note that this sale took place around the current price, so it is not a major concern, although it is hardly a good sign.
Over the past twelve months, insiders have purchased 17,890 shares for $454,000. On the other hand, they sold 37.26k shares, for 977k USD. In total, insiders sold more shares of Business First Bancshares than they bought in the past year. You can see insider trading (by companies and individuals) over the past year illustrated in the table below. If you click on the chart, you can see all individual trades including stock price, individual and date!
If you’re like me, then you not want to miss this free list of growing companies insiders are buying.
Many investors like to check how much a company is owned by insiders. I think it’s a good sign if insiders have a significant number of shares in the company. Insiders own 7.4% of Business First Bancshares shares, worth approximately $41 million. We have certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest an alignment between insiders and other shareholders.
So what do Business First Bancshares insider trading indicate?
The hard truth for Business First Bancshares is that there have been more insider selling than insider buying in the past three months. Despite some insider buying, the longer-term picture doesn’t make us much more positive. But it’s good to see that Business First Bancshares is increasing its profits. Although the insiders own shares, they don’t own a whole lot and they sold. We would therefore only buy after careful consideration. So, while it is useful to know what insiders are doing in terms of buying or selling, it is also useful to know the risks that a particular company faces. To help you, we found 2 warning signs which you should browse to get a better picture of Business First Bancshares.
Sure Business First Bancshares may not be the best stock to buy. So you might want to see this free set of high quality companies.
For the purposes of this article, insiders are persons who report their transactions to the relevant regulatory body. We currently record open market transactions and private dispositions, but not derivative transactions.
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