Stephens analyst Matt Olney has adjusted the target price for Business First Bancshares (BFST, Financial), bringing it down from $34 to $32, while maintaining an Overweight rating on the stock. This adjustment comes despite the company's strong first-quarter performance, which saw earnings per share (EPS) exceed expectations.
The robust financial results in Q1 were attributed to increased non-interest income, an improvement in net interest income, and reduced operating expenses. These factors collectively contributed to the earnings beat, according to the analyst.
Looking ahead, the firm expects a significant build-up in capital by 2025. This potential increase in capital might enhance Business First Bancshares' trading multiple, suggesting a positive outlook for the company's future valuation.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Business First Bancshares Inc (BFST, Financial) is $30.70 with a high estimate of $33.00 and a low estimate of $28.00. The average target implies an upside of 29.86% from the current price of $23.64. More detailed estimate data can be found on the Business First Bancshares Inc (BFST) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, Business First Bancshares Inc's (BFST, Financial) average brokerage recommendation is currently 1.6, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Business First Bancshares Inc (BFST, Financial) in one year is $25.70, suggesting a upside of 8.71% from the current price of $23.64. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Business First Bancshares Inc (BFST) Summary page.
