Eidelman Virant Capital purchased a new stake in Business First Bancshares Inc (NASDAQ:BFST) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 22,000 shares of the company’s stock, valued at approximately $584,000. Eidelman Virant Capital owned about 0.19% of Business First Bancshares as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. ELCO Management Co. LLC acquired a new position in shares of Business First Bancshares during the 2nd quarter worth approximately $213,000. Rhumbline Advisers acquired a new position in shares of Business First Bancshares during the 2nd quarter worth approximately $231,000. Stephens Inc. AR acquired a new position in shares of Business First Bancshares during the 2nd quarter worth approximately $237,000. Schwab Charles Investment Management Inc. acquired a new position in shares of Business First Bancshares during the 2nd quarter worth approximately $464,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Business First Bancshares during the 2nd quarter worth approximately $632,000. Institutional investors and hedge funds own 47.16% of the company’s stock.

Shares of NASDAQ:BFST opened at $25.93 on Thursday. 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 announced its earnings results on Tuesday, July 24th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.01. Business First Bancshares had a net margin of 11.15% and a return on equity of 4.90%. The firm had revenue of $16.98 million for the quarter, compared to analyst estimates of $17.08 million. Research analysts expect that Business First Bancshares Inc will post 1.47 earnings per share for the current year.

A number of research analysts have issued reports on BFST shares. Zacks Investment Research upgraded shares of Business First Bancshares from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Monday, September 3rd. FIG Partners started coverage on shares of Business First Bancshares in a research report on Monday, September 24th. They set an “outperform” rating on the stock.

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 deposits, debit cards, remote deposit capture, online banking, mobile banking, e-Statements, bank-by-mail, and direct deposit services.

Featured Story: What does relative strength index mean?

Want to see what other hedge funds are holding BFST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Business First Bancshares Inc (NASDAQ:BFST).

Institutional Ownership by Quarter for Business First Bancshares (NASDAQ:BFST)

Receive News & Ratings for Business First Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Business First Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.