Brokers Offer Predictions for Business First Bancshares, Inc.’s Q2 2022 Earnings (NASDAQ:BFST)

Business First Bancshares, Inc. (NASDAQ:BFSTGet Rating) – Research analysts at DA Davidson issued their Q2 2022 earnings estimates for Business First Bancshares in a research note issued to investors on Wednesday, May 11th. DA Davidson analyst K. Fitzsimmons forecasts that the company will post earnings per share of $0.55 for the quarter.

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

Shares of NASDAQ BFST opened at $22.21 on Thursday. The firm has a market capitalization of $501.17 million, a P/E ratio of 9.49 and a beta of 0.86. Business First Bancshares has a one year low of $21.36 and a one year high of $29.50. The company’s fifty day moving average is $23.75 and its two-hundred day moving average is $26.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.85 and a current ratio of 0.88.

Business First Bancshares (NASDAQ:BFSTGet Rating) last issued its earnings results on Tuesday, April 26th. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.02). Business First Bancshares had a return on equity of 11.78% and a net margin of 23.46%.

A number of hedge funds have recently made changes to their positions in BFST. Denali Advisors LLC acquired a new position in Business First Bancshares in the 4th quarter valued at about $28,000. Morgan Stanley raised its stake in Business First Bancshares by 1,305.2% in the 2nd quarter. Morgan Stanley now owns 1,363 shares of the company’s stock valued at $31,000 after purchasing an additional 1,266 shares during the last quarter. Citigroup Inc. raised its stake in Business First Bancshares by 128.1% in the 3rd quarter. Citigroup Inc. now owns 2,105 shares of the company’s stock valued at $49,000 after purchasing an additional 1,182 shares during the last quarter. Dorsey Wright & Associates acquired a new position in Business First Bancshares in the 4th quarter valued at about $55,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Business First Bancshares in the 4th quarter valued at about $83,000. 34.17% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Rick D. Day purchased 1,130 shares of the business’s stock in a transaction dated Friday, March 11th. The stock was acquired at an average price of $25.08 per share, with a total value of $28,340.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have bought a total of 2,496 shares of company stock valued at $59,289 in the last ninety days. Corporate insiders own 7.60% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Sunday, May 15th will be paid 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 is Thursday, May 12th. Business First Bancshares’s dividend payout ratio (DPR) is presently 20.51%.

About Business First Bancshares (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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