Zacks: Brokerages Anticipate Business First Bancshares Inc (NASDAQ:BFST) Will Announce Quarterly Sales of $22.12 Million

Wall Street analysts forecast that Business First Bancshares Inc (NASDAQ:BFST) will announce $22.12 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Business First Bancshares’ earnings, with the lowest sales estimate coming in at $21.97 million and the highest estimate coming in at $22.28 million. Business First Bancshares reported sales of $16.98 million during the same quarter last year, which would suggest a positive year over year growth rate of 30.3%. The company is scheduled to announce its next quarterly earnings results on Tuesday, July 23rd.

According to Zacks, analysts expect that Business First Bancshares will report full-year sales of $89.38 million for the current financial year, with estimates ranging from $89.15 million to $89.62 million. For the next fiscal year, analysts anticipate that the company will post sales of $95.31 million, with estimates ranging from $94.10 million to $96.52 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Business First Bancshares.

Business First Bancshares (NASDAQ:BFST) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.01. Business First Bancshares had a net margin of 18.11% and a return on equity of 7.91%. The firm had revenue of $21.43 million for the quarter, compared to the consensus estimate of $21.29 million.



A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 price objective on the stock in a research note on Tuesday, June 25th. Stephens assumed coverage on shares of LiqTech International in a research note on Tuesday. They set an “overweight” rating and a $13.00 price objective on the stock. ValuEngine downgraded shares of China Southern Airlines from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. DA Davidson assumed coverage on shares of Business First Bancshares in a research note on Wednesday. They set a “neutral” rating and a $28.00 price objective on the stock. Finally, FIG Partners reiterated an “outperform” rating on shares of SmartFinancial in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $27.67.

NASDAQ BFST traded up $0.39 during trading hours on Friday, reaching $25.68. 2,065 shares of the company traded hands, compared to its average volume of 25,519. Business First Bancshares has a 12 month low of $20.64 and a 12 month high of $27.40. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $339.38 million, a PE ratio of 17.71 and a beta of 0.18. The stock has a 50 day simple moving average of $25.13.

Large investors have recently modified their holdings of the business. Rhumbline Advisers grew its stake in shares of Business First Bancshares by 51.8% in the 4th quarter. Rhumbline Advisers now owns 14,314 shares of the company’s stock valued at $347,000 after buying an additional 4,887 shares during the period. First Trust Advisors LP purchased a new stake in shares of Business First Bancshares in the 4th quarter valued at approximately $294,000. New York State Common Retirement Fund grew its stake in shares of Business First Bancshares by 14.2% in the 4th quarter. New York State Common Retirement Fund now owns 12,100 shares of the company’s stock valued at $293,000 after buying an additional 1,500 shares during the period. BlackRock Inc. boosted its position in shares of Business First Bancshares by 4.1% during 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. Finally, Bank of New York Mellon Corp boosted its position 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 worth $1,077,000 after purchasing an additional 11,233 shares during the period. 43.17% of the stock is currently owned by 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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Earnings History and Estimates for Business First Bancshares (NASDAQ:BFST)

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