Business First Bancshares, Inc. (NASDAQ:BFST – Get Free Report) Director George Cummings III sold 11,595 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $27.92, for a total value of $323,732.40. Following the completion of the sale, the director owned 296,180 shares in the company, valued at approximately $8,269,345.60. The trade was a 3.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Business First Bancshares Stock Performance
Shares of BFST opened at $28.24 on Friday. The firm has a market cap of $922.88 million, a PE ratio of 10.01 and a beta of 0.79. The stock’s fifty day moving average price is $27.59 and its two-hundred day moving average price is $27.29. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.98 and a quick ratio of 0.98. Business First Bancshares, Inc. has a 1 year low of $22.51 and a 1 year high of $30.32.
Business First Bancshares (NASDAQ:BFST – Get Free Report) last issued its earnings results on Monday, April 27th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.04. The firm had revenue of $89.25 million for the quarter, compared to analyst estimates of $90.99 million. Business First Bancshares had a return on equity of 11.10% and a net margin of 17.02%. On average, equities research analysts forecast that Business First Bancshares, Inc. will post 3 EPS for the current year.
Business First Bancshares Announces Dividend
Wall Street Analyst Weigh In
A number of research firms recently issued reports on BFST. Stephens set a $33.00 price objective on Business First Bancshares in a research note on Monday, April 27th. Weiss Ratings upgraded Business First Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 11th. Finally, DA Davidson reiterated a “buy” rating and set a $33.00 price objective on shares of Business First Bancshares in a research note on Tuesday, April 28th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $32.33.
Check Out Our Latest Stock Report on Business First Bancshares
Hedge Funds Weigh In On Business First Bancshares
Institutional investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its stake in Business First Bancshares by 15,600.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,099 shares of the company’s stock worth $29,000 after acquiring an additional 1,092 shares during the last quarter. Jones Financial Companies Lllp bought a new position in Business First Bancshares in the 3rd quarter worth about $29,000. Delos Wealth Advisors LLC bought a new position in Business First Bancshares in the 3rd quarter worth about $30,000. FWL Investment Management LLC bought a new position in Business First Bancshares in the 3rd quarter worth about $42,000. Finally, Tower Research Capital LLC TRC increased its stake in Business First Bancshares by 389.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,669 shares of the company’s stock worth $66,000 after acquiring an additional 2,124 shares during the last quarter. 47.35% of the stock is currently owned by institutional investors.
About Business First Bancshares
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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