Equities research analysts expect Business First Bancshares Inc (NASDAQ:BFST) to announce sales of $19.30 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Business First Bancshares’ earnings. The highest sales estimate is $19.55 million and the lowest is $19.05 million. The business is scheduled to announce its next quarterly earnings report on Monday, January 28th.
According to Zacks, analysts expect that Business First Bancshares will report full year sales of $69.70 million for the current financial year, with estimates ranging from $69.45 million to $69.95 million. For the next fiscal year, analysts forecast that the company will report sales of $90.32 million, with estimates ranging from $89.51 million to $91.14 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Business First Bancshares.
Business First Bancshares (NASDAQ:BFST) last issued its quarterly earnings results on Monday, October 22nd. The company reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. The company had revenue of $17.18 million for the quarter, compared to analyst estimates of $17.54 million. Business First Bancshares had a net margin of 13.03% and a return on equity of 5.72%.
Shares of NASDAQ:BFST traded down $0.22 during mid-day trading on Monday, reaching $25.13. 7,000 shares of the company’s stock were exchanged, compared to its average volume of 38,216. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.41. Business First Bancshares has a twelve month low of $23.10 and a twelve month high of $30.00.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Wednesday, November 14th.
In related news, CFO Greg Robertson acquired 3,000 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The stock was acquired at an average price of $26.15 per share, for a total transaction of $78,450.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Several institutional investors and hedge funds have recently made changes to their positions in BFST. Northpointe Capital LLC grew its stake in Business First Bancshares by 2.8% during the 3rd quarter. Northpointe Capital LLC now owns 109,458 shares of the company’s stock valued at $2,906,000 after purchasing an additional 2,972 shares in the last quarter. Morgan Stanley grew its position in Business First Bancshares by 22.4% in the 3rd quarter. Morgan Stanley now owns 25,915 shares of the company’s stock worth $688,000 after purchasing an additional 4,737 shares in the last quarter. Panagora Asset Management Inc. bought a new stake in Business First Bancshares in the 3rd quarter worth about $189,000. Bridgeway Capital Management Inc. bought a new stake in Business First Bancshares in the 3rd quarter worth about $230,000. Finally, Rhumbline Advisers bought a new stake in Business First Bancshares in the 2nd quarter worth about $231,000. Institutional investors and hedge funds own 50.00% of the company’s stock.
Business First Bancshares Company Profile
Business First Bancshares, Inc operates as the bank holding company for Business First Bank 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 deposits, debit cards, remote deposit capture, online banking, mobile banking, e-Statements, bank-by-mail, and direct deposit services.
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