Business First Bancshares, Inc. (NASDAQ:BFST – Get Free Report) EVP Donald Chad Carter sold 1,875 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $31.64, for a total value of $59,325.00. Following the transaction, the executive vice president owned 12,642 shares in the company, valued at $399,992.88. The trade was a 12.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Business First Bancshares Stock Performance
Shares of BFST stock traded down $0.05 during trading hours on Friday, reaching $31.66. 328,052 shares of the company’s stock were exchanged, compared to its average volume of 207,318. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.98. The company’s 50 day moving average is $30.12 and its two-hundred day moving average is $28.59. The company has a market cap of $1.03 billion, a P/E ratio of 11.23 and a beta of 0.78. Business First Bancshares, Inc. has a 1 year low of $22.56 and a 1 year high of $32.39.
Business First Bancshares (NASDAQ:BFST – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. The firm had revenue of $91.81 million for the quarter, compared to analyst estimates of $91.31 million. Business First Bancshares had a return on equity of 11.03% and a net margin of 17.07%. Equities research analysts anticipate that Business First Bancshares, Inc. will post 3.02 EPS for the current fiscal year.
Business First Bancshares Announces Dividend
Analysts Set New Price Targets
BFST has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Business First Bancshares in a report on Monday, July 6th. Hovde Group upped their target price on Business First Bancshares from $32.50 to $36.00 and gave the company an “outperform” rating in a report on Friday, July 24th. DA Davidson raised their target price on shares of Business First Bancshares from $33.00 to $35.00 and gave the company a “buy” rating in a report on Friday, July 24th. Finally, Stephens lifted their target price on shares of Business First Bancshares from $34.00 to $36.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $34.50.
View Our Latest Analysis on Business First Bancshares
Hedge Funds Weigh In On Business First Bancshares
Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of Business First Bancshares in the second quarter valued at $83,985,000. Deutsche Bank AG purchased a new stake in Business First Bancshares during the 2nd quarter worth about $986,000. Bank of New York Mellon Corp purchased a new stake in Business First Bancshares during the 2nd quarter worth about $13,853,000. Summit Financial Wealth Advisors LLC acquired a new position in Business First Bancshares in the 1st quarter valued at about $1,608,000. Finally, Janus Henderson Group PLC lifted its holdings in Business First Bancshares by 0.4% in the 1st quarter. Janus Henderson Group PLC now owns 989,686 shares of the company’s stock valued at $26,761,000 after purchasing an additional 3,540 shares in the last quarter. Hedge funds and other institutional investors own 47.35% of the company’s stock.
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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