Steward Partners Investment Advisory LLC Makes New $122,000 Investment in Business First Bancshares, Inc. (NASDAQ:BFST)

Steward Partners Investment Advisory LLC acquired a new position in shares of Business First Bancshares, Inc. (NASDAQ:BFSTGet Rating) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,998 shares of the company’s stock, valued at approximately $122,000.

A number of other hedge funds have also recently bought and sold shares of the company. First Trust Advisors LP boosted its holdings in Business First Bancshares by 6.7% during the 4th quarter. First Trust Advisors LP now owns 9,466 shares of the company’s stock worth $268,000 after acquiring an additional 595 shares during the last quarter. Denali Advisors LLC boosted its holdings in shares of Business First Bancshares by 60.0% in the 1st quarter. Denali Advisors LLC now owns 1,600 shares of the company’s stock worth $39,000 after buying an additional 600 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Business First Bancshares by 3.2% in the 4th quarter. LSV Asset Management now owns 69,011 shares of the company’s stock worth $1,954,000 after buying an additional 2,111 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Business First Bancshares in the 4th quarter worth about $83,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Business First Bancshares by 61.4% in the 4th quarter. BNP Paribas Arbitrage SA now owns 8,231 shares of the company’s stock worth $233,000 after buying an additional 3,132 shares during the last quarter. 34.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Raymond James cut their price target on shares of Business First Bancshares from $33.00 to $29.00 and set a “strong-buy” rating on the stock in a report on Thursday, July 7th.

Business First Bancshares Price Performance

Shares of NASDAQ:BFST opened at $23.43 on Tuesday. The company’s 50-day moving average is $21.70 and its 200 day moving average is $23.71. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.87 and a current ratio of 0.88. The company has a market capitalization of $528.70 million, a P/E ratio of 11.10 and a beta of 0.85. Business First Bancshares, Inc. has a fifty-two week low of $20.19 and a fifty-two week high of $29.50.

Business First Bancshares (NASDAQ:BFSTGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.57 by $0.07. Business First Bancshares had a net margin of 21.55% and a return on equity of 10.77%. On average, equities research analysts forecast that Business First Bancshares, Inc. will post 2.39 earnings per share for the current year.

Business First Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Monday, August 15th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.05%. The ex-dividend date is Friday, August 12th. Business First Bancshares’s dividend payout ratio (DPR) is presently 22.75%.

Business First Bancshares 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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Institutional Ownership by Quarter for Business First Bancshares (NASDAQ:BFST)

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