Business First Bancshares Inc (NASDAQ:BFST) Announces Quarterly Dividend of $0.10

Business First Bancshares Inc (NASDAQ:BFST) declared a quarterly dividend on Friday, July 31st, Wall Street Journal reports. Shareholders of record on Saturday, August 15th will be paid a dividend of 0.10 per share on Monday, August 31st. This represents a $0.40 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Thursday, August 13th.

Business First Bancshares has raised its dividend payment by an average of 660.0% annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Business First Bancshares has a dividend payout ratio of 25.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Business First Bancshares to earn $1.63 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 24.5%.

Shares of NASDAQ BFST opened at $13.64 on Friday. The stock has a market cap of $280.04 million, a P/E ratio of 8.02 and a beta of 0.97. The firm’s 50-day simple moving average is $14.39 and its 200 day simple moving average is $16.82. Business First Bancshares has a fifty-two week low of $9.17 and a fifty-two week high of $26.64. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.58.

Business First Bancshares (NASDAQ:BFST) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.11. The company had revenue of $35.92 million during the quarter, compared to analyst estimates of $33.81 million. Business First Bancshares had a net margin of 13.94% and a return on equity of 8.75%. On average, sell-side analysts anticipate that Business First Bancshares will post 1.55 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on BFST shares. BidaskClub upgraded Business First Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, June 10th. ValuEngine raised Business First Bancshares from a “sell” rating to a “hold” rating in a report on Friday, July 3rd. DA Davidson downgraded shares of Business First Bancshares from a “buy” rating to a “neutral” rating and set a $15.00 price target for the company. in a report on Friday, May 1st. Raymond James cut shares of Business First Bancshares from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, April 29th. Finally, Zacks Investment Research raised shares of Business First Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Business First Bancshares currently has an average rating of “Hold” and an average price target of $22.25.

In other news, Director Steven Gerard White purchased 3,500 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average price of $11.18 per share, for a total transaction of $39,130.00. Following the completion of the acquisition, the director now directly owns 7,140 shares of the company’s stock, valued at $79,825.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 7.60% of the company’s stock.

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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Dividend History for Business First Bancshares (NASDAQ:BFST)

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