BFST vs TCBX: Correlation
Business First Bancshares, Inc. (BFST) and Third Coast Bancshares, Inc. (TCBX) show a strong relationship: their 3-year correlation of weekly returns is 0.76.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BFST and TCBX?
On 3 years of weekly data the BFST/TCBX correlation comes out at 0.76, strong. Recent behaviour matches the longer record: 0.70 over 1 year against 0.76 over 3. The 5-year figure is 0.59, and annualized covariance runs at 715.8 %².
By 3-year correlation, TCBX places #10 of the 19 assets tracked against BFST. On 12-month performance BFST holds a 12.8-point edge, +25.6% against +12.8%.
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 TCBX: side by side
| BFST (Business First Bancshares, Inc.) | TCBX (Third Coast Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +25.6% | +12.8% |
| 5-year return | +47.5% | +80.3% |
| Volatility (ann.) | 29.7% | 31.7% |
| Beta vs S&P 500 | 0.82 | 0.88 |
| Max drawdown (3Y) | -27.3% | -28.9% |
| Market cap | $1.0B | $0.8B |
| P/E (trailing) | 11.1 | 11.0 |
| Dividend yield | 1.93% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BFST | TCBX |
|---|---|---|
| 2022 | -20.2% | -29.1% |
| 2023 | +14.4% | +7.8% |
| 2024 | +6.9% | +70.9% |
| 2025 | +4.0% | +12.0% |
| 2026 | +21.3% | +18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BFST and TCBX good diversifiers for each other?
To a limited degree. At 0.76 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BFST and TCBX?
The BFST/TCBX correlation stands at 0.76 on a 3-year window (1 year: 0.70, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is TCBX a good diversifier for BFST?
To a limited degree. At 0.76 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.76 mean?
A reading of 0.76 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BFST correlations · TCBX correlations
