Insider Sell: Chief Credit Officer Warren Mcdonald Sells 7,000 Shares of Business First ...
Warren Mcdonald, the Chief Credit Officer of Business First Bancshares Inc (NASDAQ:BFST), has sold 7,000 shares of the company on March 11, 2024, according to a recent SEC filing. The transaction was executed at an average price of $22.37 per share, resulting in a total sale amount of $156,590.Business First Bancshares Inc, operating under the NASDAQ: BFST, is a financial institution that provides commercial and personal banking products to customers primarily in Louisiana. The company offers a range of services including loans, deposits, treasury management, and wealth solutions.Over the past year, the insider has sold a total of 7,000 shares and has not made any share purchases. This latest transaction follows a pattern of insider activity at the company, where there have been 15 insider buys and 4 insider sells over the past year.
The insider transaction history suggests a mixed sentiment among insiders, with more instances of buying than selling in the past year. However, the recent sale by the Chief Credit Officer may draw attention from investors monitoring insider behaviors.On the valuation front, Business First Bancshares Inc's shares were trading at $22.37 on the day of the insider's sale, giving the company a market capitalization of $567.476 million. The price-earnings ratio stands at 8.61, which is below both the industry median of 9.29 and the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 0.91, with a GF Value of $24.45, indicating that Business First Bancshares Inc is Fairly Valued based on GuruFocus's intrinsic value estimate. The GF Value is determined by historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates from Morningstar analysts.Investors and analysts often monitor insider sales as they may provide insights into an insider's perspective on the stock's valuation or company's future prospects. However, it is important to note that insider transactions can be subject to various personal financial needs or portfolio strategies and may not always indicate a bearish company outlook.
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.
This article first appeared on GuruFocus.
