A Surge in Price Target
Amidst the ebb and flow of the stock market waves, Business First Bancshares (NasdaqGS:BFST) has seen its price target surge. The average estimation now stands at 28.97 per share, marking a 9.94% rise from the previous forecast of 26.35 dating back to January 16, 2024.
Dividend Declaration
Adding to its appeal, Business First Bancshares recently announced a quarterly dividend of $0.14 per share ($0.56 annually) on January 23, 2024. With record shareholders entitled to this payout on February 28, 2024, the stock’s dividend yield is a tantalizing 2.58%.
Navigating the rapids of historical data, a five-year overview reveals a vivid landscape of dividend yields. Ranging from a low of 1.25% to a lofty peak of 4.07%, the current 0.78 standard deviations above the historical average reflects a promising trajectory.
Moreover, with a dividend payout ratio of 0.20 and a 3-Year growth rate of 0.40%, Business First Bancshares showcases its commitment to rewarding investors.
The Pulse on Fund Sentiment
A snapshot of fund activity reveals that 293 institutions are steering their ships towards Business First Bancshares, maintaining a steady course quarter over quarter. The buoyant put/call ratio of 0.09 further underscores a bullish outlook.
The Shareholder Scene
Delving into the shareholder landscape, Vanguard Total Stock Market Index Fund Investor Shares and iShares Russell 2000 ETF stand out with steady positions and strategic maneuverings. Geode Capital Management, Manufacturers Life Insurance Company, and Banc Funds Co are also seizing their stakes in the company, flaunting their prowess in portfolio management.
An Insight into Business First Bancshares
A narrative spun by Business First Bancshares reveals a tale of transformative banking services. Operating 43 banking centers across Louisiana and the Dallas, Texas area, b1BANK provides a suite of financial solutions catering to businesses and individuals alike.
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