DA Davidson Begins Coverage on Business First Bancshares (NASDAQ:BFST)

DA Davidson began coverage on shares of Business First Bancshares (NASDAQ:BFST) in a research report released on Wednesday, BenzingaRatingsTable reports. The firm issued a neutral rating and a $28.00 target price on the stock.

A number of other brokerages have also recently weighed in on BFST. FIG Partners restated an outperform rating on shares of SmartFinancial in a research note on Thursday, April 25th. ValuEngine cut China Southern Airlines from a hold rating to a sell rating in a research note on Monday, April 29th. Zacks Investment Research upgraded FirstService from a strong sell rating to a hold rating and set a $110.00 price objective for the company in a research note on Tuesday, June 25th. Finally, Stephens initiated coverage on LiqTech International in a research note on Tuesday. They set an overweight rating and a $13.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Business First Bancshares has an average rating of Hold and an average price target of $27.67.

Shares of NASDAQ BFST opened at $25.06 on Wednesday. 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 cap of $337.91 million, a PE ratio of 16.53 and a beta of 0.18. Business First Bancshares has a 1-year low of $20.64 and a 1-year high of $27.40. The stock’s fifty day moving average is $25.13.



Business First Bancshares (NASDAQ:BFST) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The firm had revenue of $21.43 million during the quarter, compared to analysts’ expectations of $21.29 million. Business First Bancshares had a return on equity of 7.91% and a net margin of 18.11%. Analysts predict that Business First Bancshares will post 1.81 EPS for the current year.

Large investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA increased its position in Business First Bancshares by 431.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,257 shares of the company’s stock valued at $55,000 after buying an additional 1,832 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its position in Business First Bancshares by 192.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,467 shares of the company’s stock valued at $84,000 after buying an additional 2,282 shares in the last quarter. Bank of America Corp DE increased its position in Business First Bancshares by 81.5% during the 4th quarter. Bank of America Corp DE now owns 7,299 shares of the company’s stock valued at $177,000 after buying an additional 3,278 shares in the last quarter. New York State Common Retirement Fund increased its position in Business First Bancshares by 14.2% during 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 in the last quarter. Finally, First Trust Advisors LP acquired a new position in Business First Bancshares during the 4th quarter valued at about $294,000. 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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