Raymond James analyst William Wallace maintained a Buy rating on Business First Bancshares (BFST – Research Report) today and set a price target of $29.00. The company’s shares closed last Wednesday at $21.81.
According to TipRanks.com, Wallace is a 5-star analyst with an average return of 18.7% and a 59.1% success rate. Wallace covers the Financial sector, focusing on stocks such as Capstar Financial Holdings, Dime Community Bancshares, and Univest Of Pennsylvania.
Business First Bancshares has an analyst consensus of Moderate Buy, with a price target consensus of $29.00.
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Based on Business First Bancshares’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $46.26 million and net profit of $8.73 million. In comparison, last year the company earned revenue of $45.1 million and had a net profit of $12.33 million.
Based on the recent corporate insider activity of 88 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BFST in relation to earlier this year.
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Business First Bancshares, Inc. is a bank holding company, which engages in the provision of banking products and services through its subsidiary. It offers commercial and personal banking, treasury management, and wealth solutions services. The company was founded on July 20, 2006 and is headquartered in Baton Rouge, LA.
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