Business First Bancshares (NASDAQ:BFST) Stock Rating Lowered by Stephens

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Business First Bancshares (NASDAQ:BFST) was downgraded by research analysts at Stephens from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. They presently have a $27.00 price objective on the stock. Stephens’ target price indicates a potential upside of 6.76% from the stock’s current price.

Several other research firms have also recently issued reports on BFST. ValuEngine cut China Southern Airlines from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. Zacks Investment Research upgraded FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 price objective for the company in a research report on Tuesday, June 25th. Finally, FIG Partners reiterated an “outperform” rating on shares of SmartFinancial in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Business First Bancshares has a consensus rating of “Hold” and an average target price of $27.67.

NASDAQ:BFST traded down $0.11 during trading hours on Tuesday, hitting $25.29. The company’s stock had a trading volume of 9,600 shares, compared to its average volume of 16,282. The company has a 50-day moving average price of $25.12. The firm has a market capitalization of $344.19 million, a P/E ratio of 17.44 and a beta of 0.18. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.95 and a quick ratio of 0.95. Business First Bancshares has a 52-week low of $20.64 and a 52-week high of $27.40.

Business First Bancshares (NASDAQ:BFST) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The firm had revenue of $21.43 million during the quarter, compared to analysts’ expectations of $21.29 million. Business First Bancshares had a return on equity of 7.91% and a net margin of 18.11%. On average, research analysts anticipate that Business First Bancshares will post 1.82 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. RMB Capital Management LLC increased its position in shares of Business First Bancshares by 7.2% in the fourth quarter. RMB Capital Management LLC now owns 958,825 shares of the company’s stock valued at $23,232,000 after buying an additional 64,338 shares in the last quarter. BlackRock Inc. increased its position in shares of Business First Bancshares by 4.1% in the fourth quarter. BlackRock Inc. now owns 525,642 shares of the company’s stock valued at $12,737,000 after buying an additional 20,706 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Business First Bancshares by 33.8% in the fourth quarter. Bank of New York Mellon Corp now owns 44,437 shares of the company’s stock valued at $1,077,000 after buying an additional 11,233 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Business First Bancshares by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 110,079 shares of the company’s stock valued at $2,667,000 after buying an additional 5,890 shares in the last quarter. Finally, Banc Funds Co. LLC increased its position in shares of Business First Bancshares by 3.0% in the first quarter. Banc Funds Co. LLC now owns 525,149 shares of the company’s stock valued at $12,887,000 after buying an additional 15,149 shares in the last quarter. Institutional investors and hedge funds 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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