Greg Robertson Buys 3,000 Shares of Business First Bancshares Inc (BFST) Stock

Business First Bancshares Inc (NASDAQ:BFST) CFO Greg Robertson purchased 3,000 shares of the business’s stock in a transaction dated Tuesday, November 6th. The shares were purchased at an average cost of $26.15 per share, for a total transaction of $78,450.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of BFST stock opened at $25.98 on Friday. Business First Bancshares Inc has a 12 month low of $23.10 and a 12 month high of $30.00. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.42.

Business First Bancshares (NASDAQ:BFST) last posted its quarterly earnings data on Monday, October 22nd. The company reported $0.37 EPS for the quarter, hitting the Zacks’ consensus estimate 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 return on equity of 5.90% and a net margin of 13.03%. As a group, research analysts forecast that Business First Bancshares Inc will post 1.45 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Thursday, November 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Wednesday, November 14th.

A number of analysts have recently commented on the company. FIG Partners assumed coverage on Business First Bancshares in a research note on Monday, September 24th. They set an “outperform” rating on the stock. Zacks Investment Research raised Business First Bancshares from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Monday, September 3rd.

Institutional investors have recently bought and sold shares of the stock. ELCO Management Co. LLC acquired a new position in shares of Business First Bancshares in the second quarter worth approximately $213,000. Rhumbline Advisers acquired a new position in shares of Business First Bancshares in the second quarter worth approximately $231,000. Stephens Inc. AR acquired a new position in shares of Business First Bancshares in the second quarter worth approximately $237,000. Ahrens Investment Partners LLC acquired a new position in shares of Business First Bancshares in the third quarter worth approximately $244,000. Finally, Financial Management Professionals Inc. acquired a new position in shares of Business First Bancshares in the third quarter worth approximately $443,000. 48.09% of the stock is currently owned by institutional investors.

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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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