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

Wall Street analysts predict that Business First Bancshares Inc (NASDAQ:BFST) will report earnings per share (EPS) of $0.39 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Business First Bancshares’ earnings. The highest EPS estimate is $0.40 and the lowest is $0.38. The company is expected to announce 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 financial year, analysts forecast 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 an average based on a survey of sell-side research firms that follow Business First Bancshares.

Business First Bancshares (NASDAQ:BFST) last released its earnings results on Monday, October 22nd. The company reported $0.37 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.37. Business First Bancshares had a net margin of 13.03% and a return on equity of 5.72%. The business had revenue of $17.18 million during the quarter, compared to analysts’ expectations of $17.54 million.

Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Business First Bancshares from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research report on Monday, September 3rd. FIG Partners assumed coverage on shares of Business First Bancshares in a research report on Monday, September 24th. They issued an “outperform” rating for the company.

In other Business First Bancshares news, CFO Greg Robertson purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 6th. The stock was purchased at an average price of $26.15 per share, with a total value of $78,450.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of large investors have recently bought and sold shares of the stock. Northpointe Capital LLC raised its position in Business First Bancshares by 2.8% in the third quarter. Northpointe Capital LLC now owns 109,458 shares of the company’s stock worth $2,906,000 after purchasing an additional 2,972 shares in the last quarter. Panagora Asset Management Inc. acquired a new position in Business First Bancshares in the third quarter worth about $189,000. Bridgeway Capital Management Inc. acquired a new position in Business First Bancshares in the third quarter worth about $230,000. Rhumbline Advisers acquired a new position in Business First Bancshares in the second quarter worth about $231,000. Finally, Stephens Inc. AR acquired a new position in Business First Bancshares in the second quarter worth about $237,000. 50.00% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:BFST opened at $25.01 on Friday. Business First Bancshares has a 12-month low of $23.10 and a 12-month high of $30.00. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.41.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Thursday, November 15th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.28%. 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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