BFST vs CBAN: Correlation
How closely do Business First Bancshares, Inc. (BFST) and Colony Bankcorp, Inc. (CBAN) trade together? Their weekly returns over three years give a correlation of 0.86, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BFST and CBAN?
On 3 years of weekly data the BFST/CBAN correlation comes out at 0.86, very strong, meaning they move nearly in lockstep. The past 12 months show a weaker link (0.75) than the 3-year average (0.86). The 5-year figure is 0.69, and annualized covariance runs at 736.4 %².
By 3-year correlation, CBAN places #5 of the 19 assets tracked against BFST. Their 12-month results are close: +25.6% for BFST against +27.4% for CBAN.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BFST vs CBAN: side by side
| BFST (Business First Bancshares, Inc.) | CBAN (Colony Bankcorp, Inc.) | |
|---|---|---|
| 1-year return | +25.6% | +27.4% |
| 5-year return | +47.5% | +36.8% |
| Volatility (ann.) | 29.7% | 28.8% |
| Beta vs S&P 500 | 0.82 | 0.83 |
| Max drawdown (3Y) | -27.3% | -20.9% |
| Market cap | $1.0B | $0.5B |
| P/E (trailing) | 11.1 | 12.7 |
| Dividend yield | 1.93% | 2.22% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BFST | CBAN |
|---|---|---|
| 2022 | -20.2% | -23.5% |
| 2023 | +14.4% | +9.2% |
| 2024 | +6.9% | +25.7% |
| 2025 | +4.0% | +13.6% |
| 2026 | +21.3% | +21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BFST and CBAN good diversifiers for each other?
Not really. At 0.86, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between BFST and CBAN?
Using weekly returns as of 2026-08-27: 0.86 over 3 years, with 0.75 over the last year and 0.69 over 5 years.
Is CBAN a good diversifier for BFST?
Not really. At 0.86, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.86 mean?
On the −1 to +1 scale, 0.86 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bfst-vs-cban.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bfst-vs-cban/)
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Related comparisons
Hubs: BFST correlations · CBAN correlations
