Business First Bancshares, Inc.
US ˙ NasdaqGS ˙ US12326C1053

Introduction

This page provides a comprehensive analysis of the known insider trading history of Day Rick D.. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

Companies with Reported Insider Positions

The SEC filings indicate Day Rick D. has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:BFST / Business First Bancshares, Inc. Director 264,285
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Day Rick D.. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases BFST / Business First Bancshares, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in BFST / Business First Bancshares, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares
Reported
Price
Adjusted
Shares
Adjusted
Price
Cost Basis Days to
Max
Price at
Max
Max
Profit ($)
Max Return (%)
2025-03-05 BFST Day Rick D. 1,500 25.4636 1,500 25.4636 38,195 127 26.3800 1,375 3.60
2024-04-30 BFST Day Rick D. 1,800 20.3000 1,800 20.3000 36,540
2023-08-31 BFST Day Rick D. 1,500 20.4300 1,500 20.4300 30,645
2023-05-31 BFST Day Rick D. 2,000 14.6000 2,000 14.6000 29,200
2023-05-02 BFST Day Rick D. 6,000 15.2600 6,000 15.2600 91,560
2022-03-11 BFST Day Rick D. 1,130 25.0800 1,130 25.0800 28,340
2021-12-14 BFST Day Rick D. 3,100 27.5000 3,100 27.5000 85,250
2020-09-23 BFST Day Rick D. 3,200 12.9900 3,200 12.9900 41,568
2020-08-31 BFST Day Rick D. 1,571 15.1100 1,571 15.1100 23,738

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

BFST / Business First Bancshares, Inc. Insider Trades
Insider Sales BFST / Business First Bancshares, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in BFST / Business First Bancshares, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares
Reported
Price
Adjusted
Shares
Adjusted
Price
Cost Basis Days to
Min
Price at
Min
Max Loss
Avoided ($)
Max Loss
Avoided (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

BFST / Business First Bancshares, Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Day Rick D. as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change
Share
Price
Tran
Value
Remaining
Value
2025-03-05 2025-03-05 4 BFST Business First Bancshares, Inc.
COMMON STOCK
P - Purchase 1,500 264,285 0.57 25.46 38,195 6,729,648
2024-05-01 2024-04-30 4 BFST Business First Bancshares, Inc.
COMMON STOCK
P - Purchase 1,800 262,785 0.69 20.30 36,540 5,334,536
2024-04-29 2024-04-25 4 BFST Business First Bancshares, Inc.
Common Stock
A - Award 1,149 260,985 0.44 21.77 25,014 5,681,643
2023-09-05 2023-08-31 4 BFST Business First Bancshares, Inc.
COMMON STOCK
P - Purchase 1,500 259,836 0.58 20.43 30,645 5,308,449
2023-06-02 2023-05-31 4 BFST Business First Bancshares, Inc.
COMMON STOCK
P - Purchase 2,000 258,336 0.78 14.60 29,200 3,771,706
2023-05-09 2023-05-08 4 BFST Business First Bancshares, Inc.
COMMON STOCK
A - Award 1,584 256,336 0.62 15.78 24,996 4,044,982
2023-05-05 2023-05-02 4 BFST Business First Bancshares, Inc.
COMMON STOCK
P - Purchase 6,000 254,752 2.41 15.26 91,560 3,887,516
2022-06-27 2022-06-23 4 BFST Business First Bancshares, Inc.
COMMON STOCK
A - Award 1,182 248,752 0.48 21.15 24,999 5,261,105
2022-05-02 2022-04-28 4 BFST Business First Bancshares, Inc.
COMMON STOCK
A - Award 780 247,570 0.32 23.08 18,002 5,713,916
2022-03-15 2022-03-11 4 BFST Business First Bancshares, Inc.
COMMON STOCK
P - Purchase 1,130 246,790 0.46 25.08 28,340 6,189,493
2021-12-14 2021-12-14 4 BFST Business First Bancshares, Inc.
COMMON STOCK
P - Purchase 3,100 245,660 1.28 27.50 85,250 6,755,650
2021-08-11 2021-05-27 4 BFST Business First Bancshares, Inc.
COMMON STOCK
A - Award 248 242,560 0.10 24.40 6,051 5,918,464
2021-03-01 2021-02-25 4 BFST Business First Bancshares, Inc.
Common Stock
A - Award 221 242,312 0.09 22.64 5,003 5,485,944
2020-09-29 2020-09-23 4 BFST Business First Bancshares, Inc.
COMMON STOCK
P - Purchase 3,200 242,091 1.34 12.99 41,568 3,144,762
2020-09-29 2020-08-31 4 BFST Business First Bancshares, Inc.
COMMON STOCK
P - Purchase 1,571 238,891 0.66 15.11 23,738 3,609,643
2020-05-05 2020-05-01 4 BFST Business First Bancshares, Inc.
Common Stock
A - Award 237,320 237,320
2020-05-05 3 BFST Business First Bancshares, Inc.
Common Stock
0
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)