Analysts predict that Business First Bancshares Inc (NASDAQ:BFST) will announce $22.52 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Business First Bancshares’ earnings. The highest sales estimate is $23.04 million and the lowest is $22.00 million. Business First Bancshares posted sales of $17.18 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 31.1%. The business is scheduled to announce its next quarterly earnings report on Monday, October 28th.
According to Zacks, analysts expect that Business First Bancshares will report full year sales of $90.84 million for the current financial year, with estimates ranging from $90.11 million to $91.58 million. For the next fiscal year, analysts anticipate that the company will report sales of $95.52 million, with estimates ranging from $95.14 million to $95.90 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Business First Bancshares.
Business First Bancshares (NASDAQ:BFST) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.43 by $0.05. Business First Bancshares had a net margin of 19.47% and a return on equity of 8.63%. The company had revenue of $24.41 million for the quarter, compared to analyst estimates of $22.12 million.
A number of research analysts recently commented on the stock. Stephens lowered shares of Business First Bancshares from an “overweight” rating to an “equal weight” rating and set a $27.00 price objective on the stock. in a research note on Tuesday, July 9th. FIG Partners restated an “outperform” rating on shares of Business First Bancshares in a report on Thursday, April 25th. Zacks Investment Research upgraded shares of Business First Bancshares from a “sell” rating to a “hold” rating in a report on Friday. ValuEngine cut shares of Business First Bancshares from a “hold” rating to a “sell” rating in a report on Thursday. Finally, DA Davidson restated a “neutral” rating on shares of Business First Bancshares in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $27.67.
Shares of NASDAQ BFST traded down $0.64 during mid-day trading on Tuesday, reaching $24.25. 6,234 shares of the company traded hands, compared to its average volume of 8,700. Business First Bancshares has a fifty-two week low of $20.64 and a fifty-two week high of $27.40. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $332.57 million, a price-to-earnings ratio of 16.72 and a beta of 0.18. The company has a fifty day moving average of $25.22.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, August 31st. Investors of record on Thursday, August 15th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Wednesday, August 14th. Business First Bancshares’s dividend payout ratio is 27.59%.
A number of institutional investors have recently bought and sold shares of BFST. BlackRock Inc. boosted its stake in Business First Bancshares by 4.1% in the 4th quarter. BlackRock Inc. now owns 525,642 shares of the company’s stock worth $12,737,000 after purchasing an additional 20,706 shares during the period. Banc Funds Co. LLC raised its holdings in shares of Business First Bancshares by 3.0% during the 1st quarter. Banc Funds Co. LLC now owns 525,149 shares of the company’s stock valued at $12,887,000 after purchasing an additional 15,149 shares in the last quarter. First Trust Advisors LP bought a new position in shares of Business First Bancshares during the 4th quarter valued at $294,000. Bank of New York Mellon Corp raised its holdings in shares of Business First Bancshares by 33.8% during the 4th quarter. Bank of New York Mellon Corp now owns 44,437 shares of the company’s stock valued at $1,077,000 after purchasing an additional 11,233 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Business First Bancshares by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 110,079 shares of the company’s stock valued at $2,667,000 after purchasing an additional 5,890 shares in the last quarter. 43.18% of the stock is owned by hedge funds and other institutional investors.
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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