Business First Bancshares, Inc. to Issue Quarterly Dividend of $0.14 (NASDAQ:BFST)

Business First Bancshares, Inc. (NASDAQ:BFSTGet Free Report) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.14 per share on Friday, May 31st. This represents a $0.56 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Tuesday, May 14th.

Business First Bancshares has raised its dividend by an average of 7.7% annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Business First Bancshares has a payout ratio of 20.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Business First Bancshares to earn $2.68 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 20.9%.

Business First Bancshares Trading Down 1.8 %

Shares of NASDAQ:BFST opened at $21.10 on Monday. Business First Bancshares has a 52-week low of $13.40 and a 52-week high of $25.57. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $537.84 million, a P/E ratio of 8.31 and a beta of 0.95. The stock’s 50-day moving average is $21.37 and its 200-day moving average is $21.84.

Insider Buying and Selling at Business First Bancshares

In other Business First Bancshares news, Director Rick D. Day purchased 1,800 shares of the stock in a transaction on Tuesday, April 30th. The shares were purchased at an average price of $20.30 per share, with a total value of $36,540.00. Following 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 document filed with the SEC, which is available at this link. In related news, Director Rick D. Day acquired 1,800 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were bought at an average cost of $20.30 per share, with a total value of $36,540.00. Following the completion of the acquisition, the director now owns 262,785 shares of the company’s stock, valued at $5,334,535.50. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Warren Mcdonald sold 7,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $22.37, for a total value of $156,590.00. Following the completion of the transaction, the insider now directly owns 24,306 shares of the company’s stock, valued at $543,725.22. The disclosure for this sale can be found here. Insiders own 6.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BFST shares. Piper Sandler lifted their price target on Business First Bancshares from $23.00 to $26.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. DA Davidson reaffirmed a “buy” rating on shares of Business First Bancshares in a research report on Monday, January 15th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.33.

Check Out Our Latest Analysis on Business First Bancshares

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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Dividend History for Business First Bancshares (NASDAQ:BFST)

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