Insider Buying: Business First Bancshares, Inc. (NASDAQ:BFST) Director Buys 1,800 Shares of Stock

Business First Bancshares, Inc. (NASDAQ:BFSTGet Free Report) Director Rick D. Day purchased 1,800 shares of Business First Bancshares stock in a transaction that occurred on Tuesday, April 30th. The stock was purchased at an average price of $20.30 per share, with a total value of $36,540.00. Following the completion of the purchase, the director now directly owns 262,785 shares in the company, valued at $5,334,535.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Business First Bancshares Trading Up 1.0 %

Shares of Business First Bancshares stock opened at $20.90 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.08. Business First Bancshares, Inc. has a 12-month low of $13.05 and a 12-month high of $25.57. The company has a market capitalization of $533.79 million, a price-to-earnings ratio of 8.23 and a beta of 0.95. The firm’s 50-day moving average price is $21.45 and its two-hundred day moving average price is $21.70.

Business First Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.56 annualized dividend and a dividend yield of 2.68%. Business First Bancshares’s dividend payout ratio is 22.05%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Mendon Capital Advisors Corp bought a new position in shares of Business First Bancshares in the 4th quarter valued at $10,968,000. International Assets Investment Management LLC grew its position in Business First Bancshares by 2,365.0% in the fourth quarter. International Assets Investment Management LLC now owns 246,500 shares of the company’s stock valued at $60,760,000 after acquiring an additional 236,500 shares during the last quarter. Kennedy Capital Management LLC raised its stake in Business First Bancshares by 25.1% during the third quarter. Kennedy Capital Management LLC now owns 295,969 shares of the company’s stock worth $5,552,000 after acquiring an additional 59,297 shares in the last quarter. ClariVest Asset Management LLC bought a new position in shares of Business First Bancshares in the third quarter worth about $743,000. Finally, Wakefield Asset Management LLLP acquired a new stake in shares of Business First Bancshares in the 3rd quarter valued at approximately $713,000. 47.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Piper Sandler boosted their target price on shares of Business First Bancshares from $23.00 to $26.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. DA Davidson restated a “buy” rating on shares of Business First Bancshares in a research report on Monday, January 15th. Finally, Raymond James cut shares of Business First Bancshares from an “outperform” rating to a “market perform” rating in a report on Friday, January 5th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Business First Bancshares presently has an average rating of “Moderate Buy” and an average price target of $23.33.

View 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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Insider Buying and Selling by Quarter for Business First Bancshares (NASDAQ:BFST)

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