Insider Selling: Business First Bancshares Inc (BFST) EVP Sells 9,053 Shares of Stock

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Business First Bancshares Inc (NASDAQ:BFST) EVP Donald A. Hingle II sold 9,053 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $24.13, for a total transaction of $218,448.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of NASDAQ:BFST opened at $25.33 on Friday. The stock has a market cap of $292.16 million and a PE ratio of 17.47. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.41. Business First Bancshares Inc has a 12 month low of $20.64 and a 12 month high of $30.00.

Business First Bancshares (NASDAQ:BFST) last issued its quarterly earnings data on Tuesday, January 29th. The company reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38. The firm had revenue of $19.61 million during the quarter, compared to the consensus estimate of $19.28 million. Business First Bancshares had a net margin of 16.78% and a return on equity of 8.34%. On average, equities analysts anticipate that Business First Bancshares Inc will post 1.79 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 28th. Stockholders of record on Friday, February 15th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Thursday, February 14th. Business First Bancshares’s dividend payout ratio (DPR) is 22.07%.

Several analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Business First Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, February 7th. Stephens reissued a “buy” rating and issued a $29.00 price target on shares of Business First Bancshares in a research note on Wednesday, January 30th. Finally, Raymond James downgraded shares of Business First Bancshares from a “strong-buy” rating to an “outperform” rating in a research note on Monday, January 7th.

Several large investors have recently modified their holdings of BFST. Metropolitan Life Insurance Co. NY raised its stake in shares of Business First Bancshares by 192.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,467 shares of the company’s stock valued at $84,000 after acquiring an additional 2,282 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Business First Bancshares by 81.5% during the fourth quarter. Bank of America Corp DE now owns 7,299 shares of the company’s stock valued at $177,000 after acquiring an additional 3,278 shares during the last quarter. Panagora Asset Management Inc. bought a new position in shares of Business First Bancshares during the third quarter valued at about $189,000. Bridgeway Capital Management Inc. bought a new position in shares of Business First Bancshares during the third quarter valued at about $230,000. Finally, Ahrens Investment Partners LLC bought a new position in shares of Business First Bancshares during the third quarter valued at about $244,000. 49.75% of the stock is owned by hedge funds and other 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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Insider Buying and Selling by Quarter for Business First Bancshares (NASDAQ:BFST)

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