BUSINESS FIRST BANCSHARES IN

Ticker: BFST CUSIP: 12326C105 Class: Common Stock

BRIDGEWAY CAPITAL MANAGEMENT, LLC's Holding History (CIK: 0001107261)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 203,207 Value ($000) $5,312 Avg Close $25.09 Range $22.31 - $28.31

Q3 2025

Shares 187,248 Value ($000) $4,421 Avg Close $24.40 Range $22.24 - $26.18

Q2 2025

Shares 179,581 Value ($000) $4,427 Avg Close $23.05 Range $19.62 - $24.60

Q1 2025

Shares 171,208 Value ($000) $4,169 Avg Close $25.14 Range $22.32 - $27.53

Q4 2024

Shares 164,612 Value ($000) $4,231 Avg Close $26.06 Range $23.04 - $29.33

Q3 2024

Shares 160,803 Value ($000) $4,128 Avg Close $22.93 Range $19.74 - $25.99

Q2 2024

Shares 157,051 Value ($000) $3,417 Avg Close $19.99 Range $18.24 - $21.36

Q1 2024

Shares 139,011 Value ($000) $3,097 Avg Close $21.32 Range $19.55 - $23.70

Q4 2023

Shares 126,311 Value ($000) $3,114 Avg Close $19.65 Range $16.87 - $24.27

Q3 2023

Shares 102,375 Value ($000) $1,921 Avg Close $17.55 Range $13.48 - $21.08

Q2 2023

Shares 99,373 Value ($000) $1,498 Avg Close $14.39 Range $12.12 - $16.08

Q1 2023

Shares 98,195 Value ($000) $1,682 Avg Close $18.43 Range $15.28 - $20.61

Q4 2022

Shares 100,000 Value ($000) $2,214 Avg Close $21.14 Range $19.31 - $22.98

Q3 2022

Shares 100,000 Value ($000) $2,153 Avg Close $20.92 Range $18.57 - $23.00

Q2 2022

Shares 100,000 Value ($000) $2,131 Avg Close $20.22 Range $18.46 - $22.19

Q1 2022

Shares 95,000 Value ($000) $2,311 Avg Close $24.17 Range $21.26 - $26.71

Q4 2021

Shares 95,000 Value ($000) $2,689 Avg Close $24.44 Range $21.14 - $26.31

Q3 2021

Shares 95,000 Value ($000) $2,222 Avg Close $20.87 Range $19.27 - $21.91

Q2 2021

Shares 95,000 Value ($000) $2,180 Avg Close $21.20 Range $19.86 - $22.27

Q1 2021

Shares 95,000 Value ($000) $2,273 Avg Close $19.83 Range $17.77 - $22.20

Q4 2020

Shares 95,000 Value ($000) $1,934 Avg Close $16.39 Range $13.00 - $19.54

Q3 2020

Shares 95,000 Value ($000) $1,425 Avg Close $12.59 Range $10.71 - $14.14

Q2 2020

Shares 95,000 Value ($000) $1,458 Avg Close $11.82 Range $8.78 - $15.97

Q4 2018

Shares 39,381 Value ($000) $954 Avg Close $21.47 Range $17.62 - $22.90

Q3 2018

Shares 8,681 Value ($000) $230 Avg Close $21.95 Range $20.47 - $23.46

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	203,207	$5,312	$25.09	$22.31 - $28.31
Q3 2025	187,248	$4,421	$24.40	$22.24 - $26.18
Q2 2025	179,581	$4,427	$23.05	$19.62 - $24.60
Q1 2025	171,208	$4,169	$25.14	$22.32 - $27.53
Q4 2024	164,612	$4,231	$26.06	$23.04 - $29.33
Q3 2024	160,803	$4,128	$22.93	$19.74 - $25.99
Q2 2024	157,051	$3,417	$19.99	$18.24 - $21.36
Q1 2024	139,011	$3,097	$21.32	$19.55 - $23.70
Q4 2023	126,311	$3,114	$19.65	$16.87 - $24.27
Q3 2023	102,375	$1,921	$17.55	$13.48 - $21.08
Q2 2023	99,373	$1,498	$14.39	$12.12 - $16.08
Q1 2023	98,195	$1,682	$18.43	$15.28 - $20.61
Q4 2022	100,000	$2,214	$21.14	$19.31 - $22.98
Q3 2022	100,000	$2,153	$20.92	$18.57 - $23.00
Q2 2022	100,000	$2,131	$20.22	$18.46 - $22.19
Q1 2022	95,000	$2,311	$24.17	$21.26 - $26.71
Q4 2021	95,000	$2,689	$24.44	$21.14 - $26.31
Q3 2021	95,000	$2,222	$20.87	$19.27 - $21.91
Q2 2021	95,000	$2,180	$21.20	$19.86 - $22.27
Q1 2021	95,000	$2,273	$19.83	$17.77 - $22.20
Q4 2020	95,000	$1,934	$16.39	$13.00 - $19.54
Q3 2020	95,000	$1,425	$12.59	$10.71 - $14.14
Q2 2020	95,000	$1,458	$11.82	$8.78 - $15.97
Q4 2018	39,381	$954	$21.47	$17.62 - $22.90
Q3 2018	8,681	$230	$21.95	$20.47 - $23.46