DA Davidson initiated coverage on shares of Business First Bancshares (NASDAQ:BFST) in a research note released on Wednesday morning, BenzingaRatingsTable reports. The firm issued a neutral rating and a $28.00 price target on the stock.
A number of other analysts have also issued reports on the stock. Stephens assumed coverage on shares of LiqTech International in a research note on Tuesday, July 9th. They set an overweight rating and a $13.00 price target on the stock. FIG Partners restated an outperform rating on shares of SmartFinancial in a research note on Thursday, April 25th. ValuEngine lowered shares of China Southern Airlines from a hold rating to a sell rating in a research note on Monday, April 29th. Finally, Zacks Investment Research upgraded shares of FirstService from a strong sell rating to a hold rating and set a $110.00 target price on the stock in a research note on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $27.67.
Shares of NASDAQ:BFST opened at $25.06 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $334.83 million, a price-to-earnings ratio of 16.38 and a beta of 0.18. The stock’s 50-day simple moving average is $25.13. Business First Bancshares has a 1 year low of $20.64 and a 1 year high of $27.40.
Business First Bancshares (NASDAQ:BFST) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. The company had revenue of $21.43 million for the quarter, compared to analyst estimates of $21.29 million. Business First Bancshares had a net margin of 18.11% and a return on equity of 7.91%. As a group, equities analysts forecast that Business First Bancshares will post 1.81 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in shares of Business First Bancshares by 4.1% during the fourth quarter. BlackRock Inc. now owns 525,642 shares of the company’s stock worth $12,737,000 after buying an additional 20,706 shares during the period. Banc Funds Co. LLC increased its stake in shares of Business First Bancshares by 3.0% during the first quarter. Banc Funds Co. LLC now owns 525,149 shares of the company’s stock worth $12,887,000 after buying an additional 15,149 shares during the period. Geode Capital Management LLC increased its stake in shares of Business First Bancshares by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 110,079 shares of the company’s stock worth $2,667,000 after buying an additional 5,890 shares during the period. Northern Trust Corp increased its stake in shares of Business First Bancshares by 3.3% during the fourth quarter. Northern Trust Corp now owns 107,305 shares of the company’s stock worth $2,600,000 after buying an additional 3,418 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Business First Bancshares by 33.8% during the fourth quarter. Bank of New York Mellon Corp now owns 44,437 shares of the company’s stock worth $1,077,000 after buying an additional 11,233 shares during the period. Hedge funds and other institutional investors own 43.17% of the company’s stock.
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 deposit; and remote deposit capture and direct deposit services.
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