D.A. Davidson analyst Kevin Fitzsimmons reiterated a Buy rating on Business First Bancshares (BFST – Research Report) today. The company’s shares closed yesterday at $17.01.
According to TipRanks, Fitzsimmons is a 4-star analyst with an average return of 5.8% and a 52.21% success rate. Fitzsimmons covers the Financial sector, focusing on stocks such as Colony Bankcorp, First Bancorp, and Hancock Whitney.
Currently, the analyst consensus on Business First Bancshares is a Moderate Buy with an average price target of $20.00, which is a 17.58% upside from current levels. In a report released today, Raymond James also upgraded the stock to a Buy with a $20.00 price target.
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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 $61.14 million and a net profit of $15.03 million. In comparison, last year the company earned a revenue of $46.37 million and had a net profit of $8.73 million
Based on the recent corporate insider activity of 61 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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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