Business First Bancshares Inc (BFST) Expected to Post Earnings of $0.39 Per Share

Brokerages expect Business First Bancshares Inc (NASDAQ:BFST) to announce earnings of $0.39 per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Business First Bancshares’ earnings, with estimates ranging from $0.38 to $0.40. The business is expected to report its next quarterly earnings results on Monday, January 28th.

On average, analysts expect that Business First Bancshares will report full year earnings of $1.45 per share for the current financial year, with EPS estimates ranging from $1.44 to $1.47. For the next fiscal year, analysts expect that the business will post earnings of $1.86 per share, with EPS estimates ranging from $1.82 to $1.90. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Business First Bancshares.

Business First Bancshares (NASDAQ:BFST) last posted its quarterly earnings data on Monday, October 22nd. The company reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37. Business First Bancshares had a net margin of 13.03% and a return on equity of 5.90%. The firm had revenue of $17.18 million for the quarter, compared to analyst estimates of $17.54 million.

A number of research firms have commented on BFST. Zacks Investment Research raised Business First Bancshares from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Monday, September 3rd. FIG Partners began coverage on Business First Bancshares in a report on Monday, September 24th. They issued an “outperform” rating for the company.

Institutional investors have recently added to or reduced their stakes in the business. ELCO Management Co. LLC acquired a new stake in Business First Bancshares in the second quarter valued at $213,000. Rhumbline Advisers acquired a new stake in Business First Bancshares in the second quarter valued at $231,000. Stephens Inc. AR acquired a new stake in Business First Bancshares in the second quarter valued at $237,000. Financial Management Professionals Inc. acquired a new stake in Business First Bancshares in the third quarter valued at $443,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in Business First Bancshares in the second quarter valued at $464,000. 47.92% of the stock is owned by institutional investors.

Business First Bancshares stock opened at $26.08 on Tuesday. Business First Bancshares has a one year low of $23.10 and a one year high of $30.00. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.97 and a quick ratio of 0.97.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Wednesday, November 14th.

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 deposits, debit cards, remote deposit capture, online banking, mobile banking, e-Statements, bank-by-mail, and direct deposit services.

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Earnings History and Estimates for Business First Bancshares (NASDAQ:BFST)

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