Business First Bancshares, Inc. (NASDAQ:BFST – Get Free Report) announced a quarterly dividend on Thursday, April 23rd. Shareholders of record on Friday, May 15th will be paid a dividend of 0.15 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, May 15th.
Business First Bancshares has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Business First Bancshares has a dividend payout ratio of 20.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Business First Bancshares to earn $3.27 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 18.3%.
Business First Bancshares Price Performance
Shares of BFST traded down $0.10 during midday trading on Wednesday, hitting $27.12. 4,693 shares of the company traded hands, compared to its average volume of 177,883. Business First Bancshares has a 52 week low of $22.51 and a 52 week high of $30.32. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a 50 day moving average of $27.38 and a 200-day moving average of $27.03. The stock has a market cap of $886.18 million, a price-to-earnings ratio of 9.62 and a beta of 0.79.
Business First Bancshares Company Profile
Business First Bancshares, Inc is the bank holding company for Business First Bank, a regional community bank headquartered in Louisville, Kentucky. Through its wholly owned subsidiary, the company provides a full suite of commercial and retail banking services to small and medium-sized businesses, professionals and individual consumers. Business First Bancshares operates under a community-focused model, emphasizing personalized service, local decision-making and relationship banking.
The company’s primary business activities include commercial lending, treasury and cash management, and deposit services.
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