George Cummings III Sells 10,000 Shares of Business First Bancshares (NASDAQ:BFST) Stock

Business First Bancshares, Inc. (NASDAQ:BFSTGet Free Report) Director George Cummings III sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $27.99, for a total value of $279,900.00. Following the sale, the director owned 307,775 shares of the company’s stock, valued at approximately $8,614,622.25. The trade was a 3.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Business First Bancshares Price Performance

BFST stock opened at $28.24 on Friday. The business has a 50 day moving average price of $27.59 and a 200 day moving average price of $27.29. The stock has a market cap of $922.88 million, a price-to-earnings ratio of 10.01 and a beta of 0.79. Business First Bancshares, Inc. has a fifty-two week low of $22.51 and a fifty-two week high of $30.32. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.39.

Business First Bancshares (NASDAQ:BFSTGet Free Report) last posted its earnings results on Monday, April 27th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.04. The firm had revenue of $89.25 million during the quarter, compared to analysts’ expectations of $90.99 million. Business First Bancshares had a return on equity of 11.10% and a net margin of 17.02%. Equities research analysts anticipate that Business First Bancshares, Inc. will post 3 earnings per share for the current fiscal year.

Business First Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, May 15th. This represents a $0.60 annualized dividend and a yield of 2.1%. Business First Bancshares’s payout ratio is presently 21.28%.

Institutional Investors Weigh In On Business First Bancshares

Large investors have recently modified their holdings of the stock. CenterBook Partners LP purchased a new stake in shares of Business First Bancshares during the third quarter worth approximately $1,080,000. Royce & Associates LP grew its holdings in Business First Bancshares by 17.5% during the third quarter. Royce & Associates LP now owns 648,080 shares of the company’s stock worth $15,301,000 after acquiring an additional 96,720 shares during the period. American Century Companies Inc. grew its holdings in Business First Bancshares by 12.6% during the third quarter. American Century Companies Inc. now owns 730,694 shares of the company’s stock worth $17,252,000 after acquiring an additional 81,594 shares during the period. Gator Capital Management LLC grew its holdings in Business First Bancshares by 52.7% during the third quarter. Gator Capital Management LLC now owns 65,377 shares of the company’s stock worth $1,544,000 after acquiring an additional 22,573 shares during the period. Finally, Dynamic Technology Lab Private Ltd grew its holdings in Business First Bancshares by 3.2% during the third quarter. Dynamic Technology Lab Private Ltd now owns 14,510 shares of the company’s stock worth $343,000 after acquiring an additional 454 shares during the period. Hedge funds and other institutional investors own 47.35% of the company’s stock.

Analyst Upgrades and Downgrades

BFST has been the subject of a number of research reports. DA Davidson reiterated a “buy” rating and issued a $33.00 price objective on shares of Business First Bancshares in a research note on Tuesday, April 28th. Stephens set a $33.00 price objective on Business First Bancshares in a research note on Monday, April 27th. Finally, Weiss Ratings upgraded Business First Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 11th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $32.33.

View Our Latest Analysis on BFST

Business First Bancshares Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Business First Bancshares (NASDAQ:BFST)

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