Business First Bancshares, Inc. (NASDAQ:BFST – Get Free Report) announced a quarterly dividend on Thursday, July 23rd. Investors of record on Saturday, August 15th will be given a dividend of 0.15 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, August 14th.
Business First Bancshares has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 2 years. Business First Bancshares has a payout ratio of 20.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Business First Bancshares to earn $3.30 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 18.2%.
Business First Bancshares Price Performance
BFST stock opened at $31.98 on Wednesday. The stock has a 50-day moving average price of $30.33 and a two-hundred day moving average price of $28.68. The company has a market cap of $1.04 billion, a PE ratio of 11.34 and a beta of 0.78. Business First Bancshares has a 12-month low of $22.56 and a 12-month high of $32.39. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.60.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on BFST. Stephens raised their price target on Business First Bancshares from $34.00 to $36.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Hovde Group increased their price target on Business First Bancshares from $32.50 to $36.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. DA Davidson boosted their target price on shares of Business First Bancshares from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Business First Bancshares in a report on Monday, July 6th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, Business First Bancshares presently has an average rating of “Buy” and an average target price of $34.50.
Read Our Latest Stock Analysis on Business First Bancshares
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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