77,922 Shares in Business First Bancshares Inc (BFST) Acquired by Northern Trust Corp

Northern Trust Corp purchased a new position in Business First Bancshares Inc (NASDAQ:BFST) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 77,922 shares of the company’s stock, valued at approximately $2,053,000. Northern Trust Corp owned approximately 0.68% of Business First Bancshares at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers acquired a new position in Business First Bancshares during the 2nd quarter valued at about $231,000. Stephens Inc. AR purchased a new stake in Business First Bancshares during the 2nd quarter valued at about $237,000. Schwab Charles Investment Management Inc. purchased a new stake in Business First Bancshares during the 2nd quarter valued at about $464,000. Bank of New York Mellon Corp purchased a new stake in Business First Bancshares during the 2nd quarter valued at about $632,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in Business First Bancshares during the 2nd quarter valued at about $5,914,000. 50.00% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO Greg Robertson purchased 3,000 shares of the company’s stock in a transaction on Tuesday, November 6th. The shares were acquired at an average price of $26.15 per share, for a total transaction of $78,450.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Business First Bancshares stock opened at $25.29 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.41. Business First Bancshares Inc has a fifty-two week low of $23.10 and a fifty-two week high of $30.00.

Business First Bancshares (NASDAQ:BFST) last posted its quarterly earnings results on Monday, October 22nd. The company reported $0.37 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.37. The business had revenue of $17.18 million for the quarter, compared to the consensus estimate of $17.54 million. Business First Bancshares had a return on equity of 5.72% and a net margin of 13.03%. Equities analysts forecast that Business First Bancshares Inc will post 1.45 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Thursday, November 15th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, November 14th. This represents a $0.32 annualized dividend and a yield of 1.27%.

Several analysts have weighed in on the company. FIG Partners assumed coverage on Business First Bancshares in a research note on Monday, September 24th. They set an “outperform” rating on the stock. Zacks Investment Research upgraded Business First Bancshares from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Monday, September 3rd.

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

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