Business First Bancshares Inc (NASDAQ:BFST) Director Andrew D. Mclindon acquired 1,900 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were bought at an average cost of $24.81 per share, with a total value of $47,139.00.
NASDAQ BFST opened at $24.99 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.00 and a quick ratio of 1.00. The company’s 50 day simple moving average is $23.84 and its 200 day simple moving average is $24.64. Business First Bancshares Inc has a 12 month low of $20.64 and a 12 month high of $27.40. The company has a market capitalization of $328.15 million, a P/E ratio of 14.97 and a beta of 0.21.
Business First Bancshares (NASDAQ:BFST) last released its earnings results on Wednesday, July 24th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. Business First Bancshares had a net margin of 19.47% and a return on equity of 8.38%. The business had revenue of $24.41 million for the quarter, compared to the consensus estimate of $22.12 million. On average, analysts anticipate that Business First Bancshares Inc will post 1.83 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, August 31st. Investors of record on Thursday, August 15th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Wednesday, August 14th. Business First Bancshares’s payout ratio is presently 27.59%.
Several research analysts have recently commented on BFST shares. Stephens lowered shares of Business First Bancshares from an “overweight” rating to an “equal weight” rating and set a $27.00 target price for the company. in a research note on Tuesday, July 9th. Zacks Investment Research raised shares of Business First Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. DA Davidson reissued a “neutral” rating on shares of Business First Bancshares in a research note on Monday, July 22nd. Finally, ValuEngine downgraded shares of Business First Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $27.67.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can purchased a new position in Business First Bancshares during the second quarter valued at approximately $27,000. BNP Paribas Arbitrage SA grew its position in Business First Bancshares by 431.1% during the first quarter. BNP Paribas Arbitrage SA now owns 2,257 shares of the company’s stock valued at $55,000 after purchasing an additional 1,832 shares in the last quarter. Bessemer Group Inc. purchased a new position in Business First Bancshares during the second quarter valued at approximately $61,000. Acadian Asset Management LLC purchased a new position in Business First Bancshares during the second quarter valued at approximately $86,000. Finally, JPMorgan Chase & Co. grew its position in Business First Bancshares by 31.8% in the second quarter. JPMorgan Chase & Co. now owns 3,428 shares of the company’s stock worth $87,000 after acquiring an additional 827 shares in the last quarter. 43.88% of the stock is currently owned by hedge funds and other institutional investors.
Business First Bancshares Company Profile
Business First Bancshares, Inc operates as the bank holding company for Business First Bank that provides various banking products and services. It offers various deposit products and services, including a range of checking, demand, money market, time, and savings accounts, as well as certificates of deposit; and remote deposit capture and direct deposit services.
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