Business First Bancshares, Inc. (NASDAQ:BFST) Expected to Post Q4 2022 Earnings of $0.59 Per Share

Business First Bancshares, Inc. (NASDAQ:BFST – Get Rating) – Equity researchers DA Davidson released their fourth quarter 2022 earnings estimates for Business First Bancshares in a report released Wednesday, November 2. DA Davidson analyst K. Fitzsimmons expects the company to earn $0.59 per share for the quarter. The consensus estimate of Business First Bancshares’ current annual earnings is $2.46 per share.

BFST has been the subject of a number of other reports. Raymond James began covering shares of Business First Bancshares in a report on Monday. They set an “outperform” rating and a target price of $28.00 for the company. Stephens raised its price target on shares of Business First Bancshares from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, October 28.

Performance of Business First Bancshares shares

Shares of Business First Bancshares opened at $23.64 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt ratio of 0.83. The company has a 50-day moving average of $22.78 and a 200-day moving average of $22.48. The company has a market capitalization of $534.38 million, a P/E ratio of 10.65 and a beta of 0.83. Business First Bancshares has a 1 year minimum of $20.19 and a 1 year maximum of $29.50.

Business First Bancshares Institutional Trading

Institutional investors have recently changed their stake in the company. Allworth Financial LP purchased a new stake in Business First Bancshares during Q3 valued at approximately $33,000. Amalgamated Bank bought a new position in shares of Business First Bancshares in Q1 worth approximately $56,000. BNP Paribas Arbitrage SA increased its stake in shares of Business First Bancshares by 65.3% in the second quarter. BNP Paribas Arbitrage SA now owns 5,229 shares in the company valued at $111,000 after purchasing an additional 2,065 shares during the period. Steward Partners Investment Advisory LLC bought a new equity position in Business First Bancshares in Q1 worth approximately $122,000. Finally, SG Americas Securities LLC bought a new stock position in Business First Bancshares in Q2 valued at around $174,000. 33.70% of the shares are currently held by hedge funds and other institutional investors.

Business First Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 30. Shareholders of record on Tuesday, November 15 will receive a dividend of $0.12 per share. The ex-dividend date is Monday, November 14. This represents a dividend of $0.48 on an annualized basis and a dividend yield of 2.03%. Business First Bancshares’ dividend payout rate is currently 21.62%.

About Business First Bancshares

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Business First Bancshares, Inc operates as a bank holding company for b1BANK which provides various banking products and services. It offers various deposit products and services, including checking, demand, money market, term and savings accounts; and certificates of deposits, remote deposit capture and direct deposit services.

See also

Earnings history and estimates for Business First Bancshares (NASDAQ:BFST)

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