Business First Bancshares Inc (BFST) EVP Donald A. Hingle II Sells 9,053 Shares

Business First Bancshares Inc (NASDAQ:BFST) EVP Donald A. Hingle II sold 9,053 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $24.13, for a total transaction of $218,448.89. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

NASDAQ:BFST traded up $0.71 during trading on Friday, reaching $25.33. The company’s stock had a trading volume of 40,588 shares, compared to its average volume of 18,428. Business First Bancshares Inc has a 12 month low of $20.64 and a 12 month high of $30.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $296.65 million and a PE ratio of 17.47.

Business First Bancshares (NASDAQ:BFST) last released its quarterly earnings results on Tuesday, January 29th. The company reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. The firm had revenue of $19.61 million for the quarter, compared to analysts’ expectations of $19.28 million. Business First Bancshares had a return on equity of 8.34% and a net margin of 16.78%. Sell-side analysts anticipate that Business First Bancshares Inc will post 1.79 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 28th. Stockholders of record on Friday, February 15th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $0.32 annualized dividend and a dividend yield of 1.26%. Business First Bancshares’s dividend payout ratio (DPR) is presently 22.07%.

Several institutional investors have recently made changes to their positions in the company. New York State Common Retirement Fund increased its position in shares of Business First Bancshares by 14.2% during the 4th quarter. New York State Common Retirement Fund now owns 12,100 shares of the company’s stock valued at $293,000 after purchasing an additional 1,500 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of Business First Bancshares by 192.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,467 shares of the company’s stock valued at $84,000 after purchasing an additional 2,282 shares during the last quarter. Bank of America Corp DE increased its position in shares of Business First Bancshares by 81.5% during the 4th quarter. Bank of America Corp DE now owns 7,299 shares of the company’s stock valued at $177,000 after purchasing an additional 3,278 shares during the last quarter. Northern Trust Corp increased its position in shares of Business First Bancshares by 3.3% during the 4th quarter. Northern Trust Corp now owns 107,305 shares of the company’s stock valued at $2,600,000 after purchasing an additional 3,418 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of Business First Bancshares by 51.8% during the 4th quarter. Rhumbline Advisers now owns 14,314 shares of the company’s stock valued at $347,000 after purchasing an additional 4,887 shares during the last quarter. Hedge funds and other institutional investors own 49.75% of the company’s stock.

A number of equities analysts recently commented on BFST shares. Zacks Investment Research lowered Business First Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, January 18th. Stephens restated a “buy” rating and issued a $29.00 price objective on shares of Business First Bancshares in a research note on Wednesday, January 30th. Finally, Raymond James downgraded Business First Bancshares from a “strong-buy” rating to an “outperform” rating in a research note on Monday, January 7th.

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About Business First Bancshares

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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Insider Buying and Selling by Quarter for Business First Bancshares (NASDAQ:BFST)

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