Business First Bancshares (NASDAQ:BFST) Posts Earnings Results

Business First Bancshares (NASDAQ:BFST) issued its quarterly earnings data on Wednesday. The company reported $0.46 EPS for the quarter, hitting analysts’ consensus estimates of $0.46, Fidelity Earnings reports. Business First Bancshares had a net margin of 19.47% and a return on equity of 8.38%. The business had revenue of $22.18 million during the quarter, compared to analysts’ expectations of $22.47 million.

Shares of BFST stock traded up $0.21 during trading hours on Thursday, reaching $24.49. 150 shares of the stock were exchanged, compared to its average volume of 7,923. Business First Bancshares has a 12-month low of $20.64 and a 12-month high of $26.92. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.48. The company’s 50-day moving average price is $24.36 and its 200-day moving average price is $24.62. The firm has a market capitalization of $325.88 million, a price-to-earnings ratio of 16.89 and a beta of 0.22.

A number of brokerages have commented on BFST. Zacks Investment Research cut shares of Business First Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, October 1st. Stephens cut shares of Business First Bancshares from an “overweight” rating to an “equal weight” rating and set a $27.00 price objective for the company. in a research note on Tuesday, July 9th. DA Davidson reissued a “neutral” rating on shares of Business First Bancshares in a research note on Monday, July 22nd. Finally, ValuEngine raised shares of Business First Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $27.67.

In other news, Director Andrew D. Mclindon purchased 1,900 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was purchased at an average cost of $24.81 per share, with a total value of $47,139.00. Also, EVP Donald A. Hingle II sold 1,500 shares of Business First Bancshares stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $24.49, for a total transaction of $36,735.00. 7.43% of the stock is currently owned by insiders.

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 for Business First Bancshares (NASDAQ:BFST)

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