Business First Bancshares (NASDAQ:BFST) Updates Q1 Earnings Guidance

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Business First Bancshares (NASDAQ:BFST) updated its first quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.61 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.58. The company issued revenue guidance of $44.26, compared to the consensus revenue estimate of $44.92 million.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Business First Bancshares from a hold rating to a buy rating and set a $28.00 price objective on the stock in a research note on Tuesday, April 6th. TheStreet upgraded shares of Business First Bancshares from a c+ rating to a b rating in a research note on Monday, April 12th.

BFST stock traded down $0.16 during midday trading on Thursday, hitting $22.93. The stock had a trading volume of 8,990 shares, compared to its average volume of 36,767. The firm has a market capitalization of $476.60 million, a price-to-earnings ratio of 17.24 and a beta of 0.87. Business First Bancshares has a 52 week low of $10.00 and a 52 week high of $24.95. The stock has a 50-day simple moving average of $23.77 and a 200 day simple moving average of $20.81. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.37.

Business First Bancshares (NASDAQ:BFST) last issued its earnings results on Sunday, January 24th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.50 by $0.18. The firm had revenue of $49.13 million during the quarter, compared to analysts’ expectations of $41.37 million. Business First Bancshares had a return on equity of 8.71% and a net margin of 14.98%. On average, equities analysts forecast that Business First Bancshares will post 1.83 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Sunday, February 28th. Shareholders of record on Monday, February 15th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, February 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.74%. Business First Bancshares’s payout ratio is presently 22.22%.

In related news, insider Warren Mcdonald sold 2,000 shares of Business First Bancshares stock in a transaction dated Thursday, March 4th. The stock was sold at an average price of $23.25, for a total value of $46,500.00. Also, EVP Alicia Robertson sold 8,630 shares of Business First Bancshares stock in a transaction dated Wednesday, February 17th. The shares were sold at an average price of $21.89, for a total value of $188,910.70. The disclosure for this sale can be found here. 7.60% of the stock is currently owned by company insiders.

Business First Bancshares Company Profile

Business First Bancshares, Inc operates as the bank holding company for b1BANK 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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