Business First Bancshares (NASDAQ:BFST) issued its quarterly earnings results on Tuesday. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01, Fidelity Earnings reports. Business First Bancshares had a return on equity of 8.26% and a net margin of 18.11%. The firm had revenue of $21.43 million for the quarter, compared to analyst estimates of $21.29 million.
BFST stock opened at $24.69 on Thursday. Business First Bancshares has a 1-year low of $20.64 and a 1-year high of $27.89. The company has a market capitalization of $330.09 million and a PE ratio of 17.03. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.95 and a current ratio of 0.95.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be paid a $0.10 dividend. This is a positive change from Business First Bancshares’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Tuesday, May 14th. Business First Bancshares’s dividend payout ratio is currently 22.07%.
Several equities analysts recently issued reports on the company. ValuEngine lowered Business First Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, April 18th. Zacks Investment Research upgraded Business First Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, April 15th. Raymond James lowered Business First Bancshares from a “strong-buy” rating to an “outperform” rating in a research note on Monday, January 7th. Finally, Stephens reiterated a “buy” rating and issued a $29.00 price objective on shares of Business First Bancshares in a research note on Wednesday, January 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $29.00.
In other news, EVP Donald A. Hingle II sold 9,053 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $24.13, for a total value of $218,448.89. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Norman Jerome Sr Vascocu, Sr. sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $24.24, for a total value of $121,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,053 shares of company stock worth $483,829.
A hedge fund recently raised its stake in Business First Bancshares stock. Geode Capital Management LLC boosted its position in shares of Business First Bancshares Inc (NASDAQ:BFST) by 5.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 110,079 shares of the company’s stock after buying an additional 5,890 shares during the quarter. Geode Capital Management LLC owned approximately 0.95% of Business First Bancshares worth $2,667,000 as of its most recent SEC filing. 43.06% of the stock is owned by institutional investors and hedge funds.
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About Business First Bancshares
Business First Bancshares, Inc operates as the bank holding company for Business First Bank that provides various banking products and services. It offers various deposit products and services, including a range of checking, demand, money market, time, and savings accounts, as well as certificates of deposit; and remote deposit capture and direct deposit services.
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