Business First Bancshares Analyst Target Price Raised to $30.00 by Hovde Group

Business First Bancshares (NASDAQ:BFST) Receives Price Target Increase from Analysts

Business First Bancshares (NASDAQ:BFST) saw its target price raised by analysts at Hovde Group from $29.00 to $30.00, indicating a potential upside of 14.42% from the stock’s previous close. The brokerage also maintained an “outperform” rating on the stock.

BFST stock opened at $26.22 on Friday, with a one-year low of $16.92 and a high of $26.68. The company’s financial performance has been strong, with a debt-to-equity ratio of 0.72 and a solid revenue stream. Business First Bancshares reported earnings of $0.64 per share for the quarter, surpassing the consensus estimate by $0.13.

In other news, Director Rick D. Day purchased 1,800 shares of Business First Bancshares stock, further demonstrating confidence in the company’s future prospects. Institutional investors have also shown interest in the company, with large firms increasing their positions in BFST.

Business First Bancshares operates as the bank holding company for b1BANK, offering a range of banking products and services in Louisiana and Texas. With a strong financial performance and positive outlook, the company continues to attract investor interest.

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