Business First Bancshares, Inc. (NASDAQ:BFST - Get Free Report) Director Rick D. Day purchased 1,800 shares of the stock in a transaction dated Tuesday, April 30th. The shares were bought at an average price of $20.30 per share, with a total value of $36,540.00. Following the completion of the acquisition, the director now directly owns 262,785 shares of the company's stock, valued at approximately $5,334,535.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Business First Bancshares Stock Performance
NASDAQ:BFST opened at $20.70 on Thursday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.01 and a current ratio of 1.01. Business First Bancshares, Inc. has a fifty-two week low of $13.05 and a fifty-two week high of $25.57. The company has a 50 day simple moving average of $21.46 and a two-hundred day simple moving average of $21.71. The company has a market capitalization of $528.64 million, a PE ratio of 8.15 and a beta of 0.94.
Business First Bancshares Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Tuesday, May 14th. Business First Bancshares's dividend payout ratio (DPR) is presently 22.05%.
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BFST has been the topic of a number of recent research reports. DA Davidson reissued a "buy" rating on shares of Business First Bancshares in a research note on Monday, January 15th. Raymond James downgraded shares of Business First Bancshares from an "outperform" rating to a "market perform" rating in a research note on Friday, January 5th. Finally, Piper Sandler boosted their price objective on shares of Business First Bancshares from $23.00 to $26.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 24th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $23.33.
Read Our Latest Report on Business First Bancshares
Hedge Funds Weigh In On Business First Bancshares
Hedge funds have recently bought and sold shares of the company. Panagora Asset Management Inc. bought a new position in shares of Business First Bancshares in the 4th quarter worth about $216,000. KG&L Capital Management LLC acquired a new stake in Business First Bancshares during the fourth quarter worth approximately $218,000. Avantax Advisory Services Inc. bought a new stake in Business First Bancshares in the fourth quarter worth approximately $225,000. SG Americas Securities LLC acquired a new position in Business First Bancshares in the third quarter valued at approximately $202,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Business First Bancshares by 75.8% during the 1st quarter. BNP Paribas Financial Markets now owns 11,608 shares of the company's stock worth $259,000 after buying an additional 5,004 shares in the last quarter. Institutional investors own 47.35% of the company's stock.
About Business First Bancshares
(
Get Free Report)
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.
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