Business First Bancshares Inc (NASDAQ:BFST) Declares $0.10 Quarterly Dividend

Business First Bancshares Inc (NASDAQ:BFST) announced a quarterly dividend on Tuesday, July 23rd, Zacks reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.10 per share on Saturday, August 31st. This represents a $0.40 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Wednesday, August 14th.

Shares of BFST stock opened at $23.37 on Tuesday. Business First Bancshares has a 12-month low of $20.64 and a 12-month high of $27.40. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average price of $24.84. The company has a market capitalization of $304.62 million, a PE ratio of 16.12 and a beta of 0.18.

Business First Bancshares (NASDAQ:BFST) last issued its earnings results on Wednesday, July 24th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.05. Business First Bancshares had a return on equity of 8.63% and a net margin of 19.47%. The firm had revenue of $24.41 million for the quarter, compared to analysts’ expectations of $22.12 million. As a group, research analysts forecast that Business First Bancshares will post 1.81 EPS for the current fiscal year.

Several equities research analysts have weighed in on the company. DA Davidson reissued a “neutral” rating on shares of Business First Bancshares in a research note on Monday, July 22nd. Zacks Investment Research raised Business First Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. FIG Partners reissued an “outperform” rating on shares of Business First Bancshares in a research note on Thursday, April 25th. Stephens cut Business First Bancshares from an “overweight” rating to an “equal weight” rating and set a $27.00 price objective on the stock. in a research note on Tuesday, July 9th. Finally, ValuEngine cut Business First Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Business First Bancshares presently has a consensus rating of “Hold” and a consensus price target of $27.67.

About Business First Bancshares

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 deposit; and remote deposit capture and direct deposit services.

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Dividend History for Business First Bancshares (NASDAQ:BFST)

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