What is DA Davidson’s Estimate for BFST Q4 Earnings?

Business First Bancshares, Inc. (NASDAQ:BFST) – DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for shares of Business First Bancshares in a research report issued to clients and investors on Monday, October 28th. DA Davidson analyst M. Navas anticipates that the company will earn $0.37 per share for the quarter. The consensus estimate for Business First Bancshares’ current full-year earnings is $2.14 per share.

Business First Bancshares (NASDAQ:BFST) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.11. Business First Bancshares had a return on equity of 12.19% and a net margin of 15.90%. The firm had revenue of $113.52 million during the quarter, compared to the consensus estimate of $65.24 million. During the same quarter in the prior year, the firm posted $0.71 EPS.

Separately, Hovde Group increased their price objective on Business First Bancshares from $29.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, July 26th.

Business First Bancshares Trading Down 3.5 %

NASDAQ BFST opened at $26.19 on Wednesday. The company has a market cap of $667.90 million, a PE ratio of 11.29 and a beta of 0.97. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.69. Business First Bancshares has a 12 month low of $18.97 and a 12 month high of $27.72. The stock has a 50 day moving average of $25.14 and a 200-day moving average of $22.89.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Argent Advisors Inc. increased its position in shares of Business First Bancshares by 4.0% in the second quarter. Argent Advisors Inc. now owns 12,949 shares of the company’s stock worth $282,000 after purchasing an additional 497 shares during the period. ELCO Management Co. LLC increased its position in shares of Business First Bancshares by 3.0% in the second quarter. ELCO Management Co. LLC now owns 20,307 shares of the company’s stock worth $442,000 after purchasing an additional 585 shares during the period. Cornercap Investment Counsel Inc. increased its position in shares of Business First Bancshares by 3.3% in the second quarter. Cornercap Investment Counsel Inc. now owns 21,970 shares of the company’s stock worth $478,000 after purchasing an additional 708 shares during the period. SG Americas Securities LLC increased its position in shares of Business First Bancshares by 5.6% in the first quarter. SG Americas Securities LLC now owns 14,506 shares of the company’s stock worth $323,000 after purchasing an additional 771 shares during the period. Finally, ClariVest Asset Management LLC increased its position in shares of Business First Bancshares by 2.9% in the second quarter. ClariVest Asset Management LLC now owns 41,849 shares of the company’s stock worth $911,000 after purchasing an additional 1,170 shares during the period. Institutional investors own 47.35% of the company’s stock.

Insider Buying and Selling at Business First Bancshares

In other Business First Bancshares news, Director Joseph Vernon Johnson sold 3,980 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $26.63, for a total transaction of $105,987.40. Following the completion of the sale, the director now owns 203,077 shares of the company’s stock, valued at $5,407,940.51. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Business First Bancshares news, insider Warren Mcdonald sold 1,500 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $24.68, for a total transaction of $37,020.00. Following the transaction, the insider now owns 19,095 shares in the company, valued at $471,264.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph Vernon Johnson sold 3,980 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $26.63, for a total value of $105,987.40. Following the transaction, the director now owns 203,077 shares in the company, valued at $5,407,940.51. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.45% of the company’s stock.

Business First Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, November 30th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.14%. The ex-dividend date is Friday, November 15th. Business First Bancshares’s dividend payout ratio is 24.14%.

Business First Bancshares Company Profile

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.