Andrew D. Mclindon Purchases 1,000 Shares of Business First Bancshares, Inc. (NASDAQ:BFST) Stock

Business First Bancshares, Inc. (NASDAQ:BFSTGet Rating) Director Andrew D. Mclindon acquired 1,000 shares of the stock in a transaction that occurred on Friday, April 29th. The stock was purchased at an average price of $22.71 per share, for a total transaction of $22,710.00. Following the completion of the acquisition, the director now owns 35,899 shares in the company, valued at approximately $815,266.29. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of Business First Bancshares stock opened at $22.18 on Wednesday. The stock has a market cap of $452.47 million, a P/E ratio of 9.48 and a beta of 0.86. The stock’s 50 day simple moving average is $24.15 and its 200-day simple moving average is $26.41. Business First Bancshares, Inc. has a 1-year low of $21.36 and a 1-year high of $29.50. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.85 and a quick ratio of 0.85.

Business First Bancshares (NASDAQ:BFSTGet Rating) last issued its earnings results on Tuesday, April 26th. The company reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.02). Business First Bancshares had a return on equity of 11.95% and a net margin of 23.46%. As a group, research analysts expect that Business First Bancshares, Inc. will post 2.4 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Sunday, May 15th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Thursday, May 12th. Business First Bancshares’s dividend payout ratio is currently 20.51%.

Institutional investors have recently modified their holdings of the company. Denali Advisors LLC acquired a new position in shares of Business First Bancshares during the 4th quarter worth approximately $28,000. Morgan Stanley lifted its holdings in Business First Bancshares by 1,305.2% in the second quarter. Morgan Stanley now owns 1,363 shares of the company’s stock valued at $31,000 after acquiring an additional 1,266 shares during the last quarter. Dorsey Wright & Associates acquired a new position in Business First Bancshares in the fourth quarter valued at approximately $55,000. Citigroup Inc. lifted its holdings in Business First Bancshares by 128.1% in the third quarter. Citigroup Inc. now owns 2,105 shares of the company’s stock valued at $49,000 after acquiring an additional 1,182 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Business First Bancshares in the fourth quarter valued at approximately $83,000. Institutional investors and hedge funds own 34.17% of the company’s stock.

Separately, Zacks Investment Research cut Business First Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, March 29th.

Business First Bancshares Company Profile (Get Rating)

Business First Bancshares, Inc operates as the bank holding company for b1BANK that provides various banking products and services. It offers various deposit products and services, including checking, demand, money market, time, and savings accounts; and certificates of deposits, remote deposit capture, and direct deposit services.

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