Business First Bancshares, Inc. (NASDAQ:BFST) Director Sells $71,820.00 in Stock


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Business First Bancshares, Inc. (NASDAQ:BFST) Director Steven Gerard White sold 3,000 shares of the company’s stock in a transaction dated Friday, April 30th. The stock was sold at an average price of $23.94, for a total transaction of $71,820.00.

NASDAQ:BFST traded down $0.04 during trading hours on Tuesday, reaching $24.01. 411 shares of the stock were exchanged, compared to its average volume of 35,846. The stock has a market cap of $499.05 million, a PE ratio of 18.08 and a beta of 0.87. Business First Bancshares, Inc. has a twelve month low of $10.00 and a twelve month high of $24.95. The firm has a 50 day moving average of $23.71 and a 200 day moving average of $21.23. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.98 and a quick ratio of 0.98.

Business First Bancshares (NASDAQ:BFST) last announced its earnings results on Wednesday, April 21st. The company reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.03. Business First Bancshares had a net margin of 14.98% and a return on equity of 8.71%. Equities research analysts anticipate that Business First Bancshares, Inc. will post 1.83 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 31st. Stockholders of record on Saturday, May 15th will be issued a $0.12 dividend. This is a boost from Business First Bancshares’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, May 13th. This represents a $0.48 annualized dividend and a dividend yield of 2.00%. Business First Bancshares’s dividend payout ratio (DPR) is presently 22.22%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC bought a new position in Business First Bancshares in the fourth quarter valued at approximately $31,000. Citigroup Inc. boosted its holdings in shares of Business First Bancshares by 287.3% in the 4th quarter. Citigroup Inc. now owns 3,586 shares of the company’s stock valued at $73,000 after buying an additional 2,660 shares during the last quarter. Asset Planning Services Inc. LA ADV bought a new position in shares of Business First Bancshares in the first quarter valued at $239,000. Nkcfo LLC acquired a new position in Business First Bancshares during the first quarter worth $239,000. Finally, tru Independence LLC bought a new stake in Business First Bancshares during the fourth quarter worth $246,906,000. Institutional investors and hedge funds own 28.27% of the company’s stock.

BFST has been the topic of several recent analyst reports. Zacks Investment Research raised 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 Business First Bancshares from a “c+” rating to a “b” rating in a report on Monday, April 12th.

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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