BFST stock touches 52-week high at $27.99 amid growth

In a remarkable display of resilience and growth, Business First Bancshares Inc. (NASDAQ:BFST) stock has soared to a 52-week high, reaching a price level of $27.99 USD. This peak reflects a significant uptrend for the company, which has seen an impressive 1-year change of 34.39%. Investors have shown increased confidence in Business First's strategic initiatives and market position, propelling the stock to new heights over the past year. The company's performance, particularly in the context of a challenging economic environment, underscores its potential for sustained growth and profitability.

In other recent news, Business First Bancshares has reported strong growth in Q3 2024, with a GAAP net income of $16.5 million and a core net income of $17.2 million. This growth is credited to an increase in commercial real estate and construction loans. The company also highlighted its successful expansion in Dallas and Houston. The acquisition of Oakwood is expected to contribute approximately $690 million in net loans, further contributing to the company's growth. Analysts from various firms have noted the company's core net interest margin increased by 12 basis points to 3.46%, and total loans and deposits grew by $57.3 million and $77.3 million, respectively. Despite a slight increase in non-performing loans due to a single SBA (LON:SBA) loan, the company anticipates continued net interest margin growth and aims to achieve a core margin around 3.50% by Q2 2025. These are among the recent developments for Business First Bancshares.

InvestingPro Insights

Business First Bancshares Inc.'s recent stock performance aligns with several key insights from InvestingPro. The company's stock is currently trading near its 52-week high, with a strong return of 19.91% over the last three months. This upward momentum is supported by a solid financial foundation, as evidenced by the company's price-to-earnings ratio of 11.07, suggesting a potentially undervalued stock relative to its earnings.

InvestingPro Tips highlight that Business First has raised its dividend for 7 consecutive years, indicating a commitment to shareholder returns. This is further reinforced by the company's high shareholder yield. Additionally, 5 analysts have revised their earnings upwards for the upcoming period, signaling positive expectations for the company's financial performance.

For investors seeking more comprehensive analysis, InvestingPro offers 8 additional tips for Business First Bancshares, providing a deeper understanding of the company's financial health and market position.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.