Wall Street brokerages expect Business First Bancshares Inc (NASDAQ:BFST) to post $0.44 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Business First Bancshares’ earnings. Business First Bancshares reported earnings per share of $0.37 in the same quarter last year, which suggests a positive year over year growth rate of 18.9%. The business is expected to report its next earnings report on Tuesday, July 23rd.

On average, analysts expect that Business First Bancshares will report full year earnings of $1.81 per share for the current fiscal year, with EPS estimates ranging from $1.75 to $1.85. For the next year, analysts expect that the firm will post earnings of $1.99 per share, with EPS estimates ranging from $1.95 to $2.06. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Business First Bancshares.

Business First Bancshares (NASDAQ:BFST) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.01. The business had revenue of $21.43 million during the quarter, compared to analyst estimates of $21.29 million. Business First Bancshares had a net margin of 18.11% and a return on equity of 7.91%.

A number of equities research analysts recently weighed in on BFST shares. ValuEngine lowered shares of China Southern Airlines from a “hold” rating to a “sell” rating in a report on Monday, April 29th. Stephens started coverage on shares of LiqTech International in a report on Tuesday. They set an “overweight” rating and a $13.00 price target for the company. DA Davidson started coverage on shares of Business First Bancshares in a report on Wednesday. They set a “neutral” rating and a $28.00 price target for the company. FIG Partners reaffirmed an “outperform” rating on shares of SmartFinancial in a report on Thursday, April 25th. Finally, Zacks Investment Research raised shares of FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 price target for the company in a report on Tuesday, June 25th. One investment 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. The stock presently has a consensus rating of “Hold” and an average price target of $27.67.

BFST traded up $0.39 during trading hours on Friday, reaching $25.68. 2,065 shares of the stock traded hands, compared to its average volume of 25,519. The business’s fifty day moving average price is $25.13. The firm has a market cap of $339.38 million, a P/E ratio of 17.71 and a beta of 0.18. Business First Bancshares has a fifty-two week low of $20.64 and a fifty-two week high of $27.40. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.20.

Institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA lifted its position in shares of Business First Bancshares by 431.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,257 shares of the company’s stock worth $55,000 after buying an additional 1,832 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its position in Business First Bancshares by 192.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,467 shares of the company’s stock valued at $84,000 after purchasing an additional 2,282 shares during the last quarter. Bank of America Corp DE lifted its position in Business First Bancshares by 81.5% in the 4th quarter. Bank of America Corp DE now owns 7,299 shares of the company’s stock valued at $177,000 after purchasing an additional 3,278 shares during the last quarter. New York State Common Retirement Fund lifted its position in Business First Bancshares by 14.2% in the 4th quarter. New York State Common Retirement Fund now owns 12,100 shares of the company’s stock valued at $293,000 after purchasing an additional 1,500 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in Business First Bancshares in the 4th quarter valued at about $294,000. Institutional investors own 43.17% of the company’s 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 deposit; and remote deposit capture and direct deposit services.

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Earnings History and Estimates for Business First Bancshares (NASDAQ:BFST)

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