Steward Partners Investment Advisory LLC Buys Shares of 4,998 Business First Bancshares, Inc. (NASDAQ:BFST)

Steward Partners Investment Advisory LLC bought a new stake in Business First Bancshares, Inc. (NASDAQ:BFSTGet Rating) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 4,998 shares of the company’s stock, valued at approximately $122,000.

Several other hedge funds have also recently bought and sold shares of the company. Silvercrest Asset Management Group LLC bought a new position in Business First Bancshares in the 4th quarter valued at about $11,801,000. JPMorgan Chase & Co. boosted its stake in shares of Business First Bancshares by 159.2% in the 4th quarter. JPMorgan Chase & Co. now owns 258,427 shares of the company’s stock valued at $7,317,000 after purchasing an additional 158,739 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Business First Bancshares by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 143,401 shares of the company’s stock valued at $4,060,000 after purchasing an additional 3,412 shares in the last quarter. LSV Asset Management boosted its stake in shares of Business First Bancshares by 3.2% in the 4th quarter. LSV Asset Management now owns 69,011 shares of the company’s stock valued at $1,954,000 after purchasing an additional 2,111 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in shares of Business First Bancshares in the 4th quarter valued at approximately $1,186,000. 34.17% of the stock is owned by institutional investors.

Business First Bancshares Trading Down 0.2 %

BFST opened at $23.43 on Tuesday. The company’s 50 day moving average is $21.70 and its 200-day moving average is $23.71. Business First Bancshares, Inc. has a 1-year low of $20.19 and a 1-year high of $29.50. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.43. The company has a market cap of $528.70 million, a P/E ratio of 11.10 and a beta of 0.85.

Business First Bancshares (NASDAQ:BFSTGet Rating) last posted its earnings results on Tuesday, July 26th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.57 by $0.07. Business First Bancshares had a net margin of 21.55% and a return on equity of 10.77%. Equities research analysts predict that Business First Bancshares, Inc. will post 2.39 earnings per share for the current fiscal year.

Business First Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Monday, August 15th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 12th. This represents a $0.48 annualized dividend and a yield of 2.05%. Business First Bancshares’s dividend payout ratio is presently 22.75%.

Analyst Upgrades and Downgrades

Separately, Raymond James reduced their price target on shares of Business First Bancshares from $33.00 to $29.00 and set a “strong-buy” rating on the stock in a research note on Thursday, July 7th.

Business First Bancshares Profile

(Get Rating)

Business First Bancshares, Inc operates as the bank holding company for b1BANK that provides various banking products and services. It offers various deposit products and services, including checking, demand, money market, time, and savings accounts; and certificates of deposits, remote deposit capture, and direct deposit services.

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

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