EJF Capital LLC Has $16.39 Million Position in Business First Bancshares Inc (NASDAQ:BFST)

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EJF Capital LLC lessened its holdings in shares of Business First Bancshares Inc (NASDAQ:BFST) by 6.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 644,000 shares of the company’s stock after selling 46,945 shares during the period. Business First Bancshares accounts for 2.0% of EJF Capital LLC’s portfolio, making the stock its 14th largest position. EJF Capital LLC owned 4.82% of Business First Bancshares worth $16,390,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Banc Funds Co. LLC lifted its position in Business First Bancshares by 3.0% in the 1st quarter. Banc Funds Co. LLC now owns 525,149 shares of the company’s stock valued at $12,887,000 after acquiring an additional 15,149 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Business First Bancshares by 431.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,257 shares of the company’s stock worth $55,000 after purchasing an additional 1,832 shares in the last quarter. Bank of America Corp DE grew its position in shares of Business First Bancshares by 81.5% during the 4th quarter. Bank of America Corp DE now owns 7,299 shares of the company’s stock worth $177,000 after purchasing an additional 3,278 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Business First Bancshares during the 2nd quarter worth approximately $86,000. Finally, Bessemer Group Inc. bought a new stake in shares of Business First Bancshares during the 2nd quarter worth approximately $61,000. 43.88% of the stock is owned by institutional investors.

Shares of NASDAQ:BFST traded down $0.09 during trading on Thursday, hitting $24.66. The company’s stock had a trading volume of 42 shares, compared to its average volume of 10,954. Business First Bancshares Inc has a 12 month low of $20.64 and a 12 month high of $27.40. The firm has a market cap of $332.96 million, a price-to-earnings ratio of 17.13 and a beta of 0.21. The company has a 50-day moving average of $23.85 and a 200-day moving average of $24.64. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.00 and a quick ratio of 1.00.

Business First Bancshares (NASDAQ:BFST) last posted its earnings results on Wednesday, July 24th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. Business First Bancshares had a net margin of 19.47% and a return on equity of 8.38%. The firm had revenue of $24.41 million during the quarter, compared to analyst estimates of $22.12 million. As a group, research analysts anticipate that Business First Bancshares Inc will post 1.83 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Saturday, August 31st. Stockholders of record on Thursday, August 15th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.62%. Business First Bancshares’s payout ratio is 27.59%.

Several equities research analysts have recently weighed in on BFST shares. Zacks Investment Research upgraded shares of Business First Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. DA Davidson reaffirmed a “neutral” rating on shares of Business First Bancshares in a research report on Monday, July 22nd. ValuEngine downgraded shares of Business First Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Stephens cut shares of Business First Bancshares from an “overweight” rating to an “equal weight” rating and set a $27.00 price objective for the company. in a research note on Tuesday, July 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Business First Bancshares currently has an average rating of “Hold” and a consensus price target of $27.67.

In other news, Director Andrew D. Mclindon bought 1,900 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were purchased at an average price of $24.81 per share, for a total transaction of $47,139.00. 7.43% of the stock is currently owned by insiders.

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

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