Brokerages expect Business First Bancshares Inc (NASDAQ:BFST) to post $35.82 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Business First Bancshares’ earnings. The highest sales estimate is $37.25 million and the lowest is $34.38 million. Business First Bancshares reported sales of $24.41 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 46.7%. The business is scheduled to issue its next quarterly earnings report on Wednesday, July 22nd.
According to Zacks, analysts expect that Business First Bancshares will report full-year sales of $144.08 million for the current financial year, with estimates ranging from $142.53 million to $145.63 million. For the next fiscal year, analysts expect that the business will post sales of $154.31 million, with estimates ranging from $152.14 million to $156.48 million. Zacks’ sales calculations are an average based on a survey of research analysts that cover Business First Bancshares.
Business First Bancshares (NASDAQ:BFST) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). The company had revenue of $23.02 million for the quarter, compared to analyst estimates of $22.68 million. Business First Bancshares had a net margin of 19.48% and a return on equity of 8.52%.
Several equities research analysts have issued reports on BFST shares. Stephens upgraded Business First Bancshares from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $28.00 to $31.00 in a report on Monday, January 27th. ValuEngine downgraded Business First Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, April 2nd. BidaskClub downgraded Business First Bancshares from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. TheStreet lowered Business First Bancshares from a “c” rating to a “d+” rating in a research report on Monday, March 16th. Finally, Raymond James lowered Business First Bancshares from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Business First Bancshares currently has an average rating of “Hold” and an average target price of $22.25.
In other news, Director Steven Gerard White bought 3,500 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average price of $11.18 per share, for a total transaction of $39,130.00. Following the transaction, the director now owns 7,140 shares in the company, valued at $79,825.20. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 7.43% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its position in Business First Bancshares by 53.9% during the 4th quarter. Bank of New York Mellon Corp now owns 72,308 shares of the company’s stock valued at $1,803,000 after purchasing an additional 25,310 shares during the period. Goldman Sachs Group Inc. acquired a new position in Business First Bancshares during the 4th quarter valued at approximately $663,000. California Public Employees Retirement System acquired a new position in Business First Bancshares during the 4th quarter valued at approximately $342,000. GWM Advisors LLC boosted its position in Business First Bancshares by 4.0% during the 1st quarter. GWM Advisors LLC now owns 26,200 shares of the company’s stock valued at $354,000 after purchasing an additional 1,000 shares during the period. Finally, State Street Corp boosted its position in Business First Bancshares by 5.0% during the 3rd quarter. State Street Corp now owns 197,559 shares of the company’s stock valued at $4,820,000 after purchasing an additional 9,324 shares during the period. Institutional investors and hedge funds own 40.97% of the company’s stock.
Business First Bancshares stock opened at $12.65 on Friday. The stock’s 50-day moving average is $12.32 and its 200-day moving average is $20.40. The company has a market cap of $259.37 million, a price-to-earnings ratio of 7.62 and a beta of 0.95. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.03 and a quick ratio of 1.03. Business First Bancshares has a 12 month low of $9.17 and a 12 month high of $26.64.
The company also recently announced a quarterly dividend, which will be paid on Sunday, May 31st. Stockholders of record on Friday, May 15th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.40 annualized dividend and a dividend yield of 3.16%. Business First Bancshares’s payout ratio is 22.22%.
Business First Bancshares Company Profile
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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