Wall Street analysts expect that Business First Bancshares Inc (NASDAQ:BFST) will report $22.43 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Business First Bancshares’ earnings. The lowest sales estimate is $22.00 million and the highest is $22.86 million. Business First Bancshares posted sales of $17.18 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 30.6%. The firm is scheduled to announce its next quarterly earnings results on Monday, October 28th.
According to Zacks, analysts expect that Business First Bancshares will report full year sales of $90.99 million for the current year, with estimates ranging from $90.11 million to $91.87 million. For the next fiscal year, analysts expect that the company will report sales of $94.70 million, with estimates ranging from $93.50 million to $95.90 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Business First Bancshares.
Business First Bancshares (NASDAQ:BFST) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.05. Business First Bancshares had a return on equity of 8.38% and a net margin of 19.47%. The firm had revenue of $24.41 million during the quarter, compared to analyst estimates of $22.12 million.
Several research analysts have recently weighed in on BFST shares. Zacks Investment Research lowered Business First Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, October 1st. ValuEngine raised Business First Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Stephens lowered Business First Bancshares from an “overweight” rating to an “equal weight” rating and set a $27.00 price objective for the company. in a research report on Tuesday, July 9th. Finally, DA Davidson reissued a “neutral” rating on shares of Business First Bancshares in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $27.67.
Shares of BFST stock traded up $0.28 during mid-day trading on Friday, hitting $24.23. The company’s stock had a trading volume of 429 shares, compared to its average volume of 14,589. The company’s fifty day simple moving average is $24.15 and its 200-day simple moving average is $24.61. Business First Bancshares has a 52 week low of $20.64 and a 52 week high of $26.92. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $317.59 million, a PE ratio of 16.71 and a beta of 0.22.
In other news, EVP Donald A. Hingle II sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $24.49, for a total value of $36,735.00. Also, Director Andrew D. Mclindon bought 1,900 shares of Business First Bancshares stock in a transaction dated Wednesday, September 4th. The stock was purchased at an average price of $24.81 per share, with a total value of $47,139.00. Company insiders own 7.43% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC acquired a new stake in shares of Business First Bancshares in the 2nd quarter valued at about $86,000. Banc Funds Co. LLC grew its stake in shares of Business First Bancshares by 3.0% in the 1st quarter. Banc Funds Co. LLC now owns 525,149 shares of the company’s stock valued at $12,887,000 after buying an additional 15,149 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of Business First Bancshares by 431.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,257 shares of the company’s stock valued at $55,000 after buying an additional 1,832 shares during the period. Bank of New York Mellon Corp boosted its stake in Business First Bancshares by 4.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 47,304 shares of the company’s stock valued at $1,203,000 after purchasing an additional 2,193 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Business First Bancshares by 20.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 30,487 shares of the company’s stock valued at $776,000 after purchasing an additional 5,177 shares during the last quarter. Institutional investors own 43.88% of the company’s stock.
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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