NasdaqGS:BFST

Stock Analysis Report

Business First Bancshares

Executive Summary

Business First Bancshares, Inc. operates as the bank holding company for Business First Bank that provides various banking products and services.

Snowflake

Fundamentals

Flawless balance sheet and fair value.

Share Price & News

How has Business First Bancshares's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-7.0%

NasdaqGS:BFST

-1.8%

US Banks

-1.6%

US Market


1 Year Return

-13.2%

NasdaqGS:BFST

-16.1%

US Banks

-3.0%

US Market

BFST outperformed the Banks industry which returned -16.1% over the past year.

BFST underperformed the Market in United States of America which returned -3% over the past year.


Share holder returns

BFSTIndustryMarket
7 Day-7.0%-1.8%-1.6%
30 Day-9.8%-10.1%-5.7%
90 Day-10.3%-5.0%0.2%
1 Year-11.9%-13.2%-13.7%-16.1%-0.8%-3.0%
3 Yearn/a37.9%28.5%38.1%29.1%
5 Yearn/a49.3%33.2%50.8%34.1%

Price Volatility Vs. Market

How volatile is Business First Bancshares's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Business First Bancshares undervalued based on future cash flows and its price relative to the stock market?

21%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Business First Bancshares's share price is below the future cash flow value, and at a moderate discount (> 20%).

Business First Bancshares's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Business First Bancshares is overvalued based on earnings compared to the US Banks industry average.

Business First Bancshares is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Business First Bancshares is poor value based on expected growth next year.


Price Based on Value of Assets

Business First Bancshares is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Business First Bancshares expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

12.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Business First Bancshares's revenue is expected to grow by 8.1% yearly, however this is not considered high growth (20% yearly).

Business First Bancshares's earnings are expected to grow by 12.3% yearly, however this is not considered high growth (20% yearly).

Business First Bancshares's revenue growth is expected to exceed the United States of America market average.

Business First Bancshares's earnings growth is positive but not above the United States of America market average.

Business First Bancshares's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Business First Bancshares is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Business First Bancshares performed over the past 5 years?

33.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Business First Bancshares has delivered over 20% year on year earnings growth in the past 5 years.

Business First Bancshares's 1-year earnings growth exceeds its 5-year average (162.3% vs 33.3%)

Business First Bancshares's earnings growth has exceeded the US Banks industry average in the past year (162.3% vs 33.1%).


Return on Equity

Business First Bancshares has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Business First Bancshares used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Business First Bancshares improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Business First Bancshares's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Business First Bancshares has an acceptable proportion of non-loan assets held.

Business First Bancshares has a sufficient allowance for bad loans.

Business First Bancshares's liabilities are made up of primarily low risk sources of funding.

Business First Bancshares's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Business First Bancshares are broadly funded by customer deposits.

Business First Bancshares has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Business First Bancshares's current dividend yield, its reliability and sustainability?

1.76%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Business First Bancshares's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.52%).

Business First Bancshares's dividend is below the markets top 25% of dividend payers in United States of America (3.93%).

It is too early to tell whether Business First Bancshares has stable dividend payments.

Business First Bancshares only just started paying a dividend, it is too early to tell if payments are increasing.


Current Payout to Shareholders

Dividends paid are well covered by earnings (4.4x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (5.2x coverage).


Next Steps

Management

What is the CEO of Business First Bancshares's salary, the management and board of directors tenure and is there insider trading?

1.3yrs

Average management tenure


CEO

Jude Melville (44yo)

8.4yrs

Tenure

US$1,023,254

Compensation

Mr. David R. Melville, III, also known as Jude, has been the Chief Executive Officer, President and Director at Business First Bank and Business First Bancshares, Inc. since March 2011. Mr. Melville has se ...


CEO Compensation Analysis

Jude's remuneration is lower than average for companies of similar size in United States of America.

Jude's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

1.3yrs

Average Tenure

The average tenure for the Business First Bancshares management team is less than 2 years, this suggests a new team.


Board Age and Tenure

7.3yrs

Average Tenure

60.5yo

Average Age

The tenure for the Business First Bancshares board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellUS$144,16813 Mar 19
Norman Vascocu
EntityIndividual
Shares6,000
Max PriceUS$24.04
SellUS$121,20001 Mar 19
Norman Vascocu
EntityIndividual
Shares5,000
Max PriceUS$24.24
BuyUS$78,44108 Nov 18
Gregory Robertson
EntityIndividual
Role
Chief Financial Officer
CFO & Treasurer
Shares3,000
Max PriceUS$26.25

Ownership Breakdown


Management Team

  • Jude Melville (44yo)

    President

    • Tenure: 8.4yrs
    • Compensation: US$1.02m
  • Greg Robertson (47yo)

    CFO & Treasurer

    • Tenure: 2.6yrs
    • Compensation: US$512.35k
  • Rodney Seaford

    Regional President of SWLA

    • Tenure: 0.1yrs
  • Heather Roemer

    Corporate Secretary

    • Tenure: 0.0yrs
  • Mimi Lee

    Chief Human Resources Officer

    • Tenure: 0.1yrs

Board Members

  • David Laxton (69yo)

    Director

    • Tenure: 4.2yrs
    • Compensation: US$20.00k
  • Bobby Yarborough (66yo)

    Director

    • Tenure: 7.3yrs
    • Compensation: US$22.50k
  • Bob Greer (71yo)

    Chairman of the Board

    • Tenure: 8.2yrs
    • Compensation: US$159.73k
  • Kenneth Smith (56yo)

    Director

    • Tenure: 7.3yrs
    • Compensation: US$20.75k
  • Jude Melville (44yo)

    President

    • Tenure: 8.4yrs
    • Compensation: US$1.02m
  • Andrew McLindon (58yo)

    Director

    • Tenure: 7.3yrs
    • Compensation: US$20.75k
  • Patrick Mockler (50yo)

    Director

    • Tenure: 7.3yrs
    • Compensation: US$19.83k
  • David Montgomery (58yo)

    Director

    • Tenure: 7.3yrs
    • Compensation: US$22.25k
  • Fayez Shamieh (73yo)

    Director

    • Tenure: 7.3yrs
    • Compensation: US$16.00k
  • Charles Slack (63yo)

    Director

    • Tenure: 7.3yrs
    • Compensation: US$25.25k

Company Information

Business First Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Business First Bancshares, Inc.
  • Ticker: BFST
  • Exchange: NasdaqGS
  • Founded: 2006
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$301.414m
  • Shares outstanding: 13.37m
  • Website: https://www.b1bank.com

Number of Employees


Location

  • Business First Bancshares, Inc.
  • 500 Laurel Street
  • Suite 101
  • Baton Rouge
  • Louisiana
  • 70801
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BFSTNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDApr 2018

Biography

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  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/25 00:35
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.