Business First Bancshares (BFST) to Release Earnings on Thursday

Business First Bancshares (NASDAQ:BFST) will post its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Business First Bancshares to post earnings of $0.57 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Business First Bancshares (NASDAQ:BFST) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.60 by $0.06. The business had revenue of $101.08 million for the quarter, compared to analyst estimates of $63.40 million. Business First Bancshares had a net margin of 18.22% and a return on equity of 13.28%. During the same period in the previous year, the firm earned $0.66 EPS. On average, analysts expect Business First Bancshares to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Business First Bancshares Price Performance

Shares of NASDAQ BFST opened at $21.57 on Tuesday. Business First Bancshares has a 52 week low of $13.05 and a 52 week high of $25.57. The stock has a market cap of $550.85 million, a price-to-earnings ratio of 8.30 and a beta of 0.94. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.08. The company’s 50-day moving average price is $21.58 and its 200 day moving average price is $21.61.

Insider Buying and Selling at Business First Bancshares

In other news, insider Warren Mcdonald sold 7,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $22.37, for a total transaction of $156,590.00. Following the sale, the insider now owns 24,306 shares in the company, valued at $543,725.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.45% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BFST. DA Davidson reaffirmed a “buy” rating on shares of Business First Bancshares in a research note on Monday, January 15th. Raymond James cut Business First Bancshares from an “outperform” rating to a “market perform” rating in a report on Friday, January 5th. Finally, Piper Sandler increased their price objective on Business First Bancshares from $23.00 to $26.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Business First Bancshares has an average rating of “Moderate Buy” and an average target price of $23.33.

Business First Bancshares Company Profile

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