company background image
BFST

Business First Bancshares NasdaqGS:BFST Stock Report

Last Price

US$21.66

Market Cap

US$488.7m

7D

1.9%

1Y

-6.5%

Updated

03 Jul, 2022

Data

Company Financials +
BFST fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance4/6
Financial Health6/6
Dividends3/6

BFST Stock Overview

Business First Bancshares, Inc. operates as the bank holding company for b1BANK that provides various banking products and services.

Business First Bancshares Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Business First Bancshares
Historical stock prices
Current Share PriceUS$21.66
52 Week HighUS$29.50
52 Week LowUS$20.19
Beta0.86
1 Month Change-3.73%
3 Month Change-9.56%
1 Year Change-6.48%
3 Year Change-15.92%
5 Year Changen/a
Change since IPO-14.25%

Recent News & Updates

May 03
Business First Bancshares (NASDAQ:BFST) Will Pay A Dividend Of US$0.12

Business First Bancshares (NASDAQ:BFST) Will Pay A Dividend Of US$0.12

The board of Business First Bancshares, Inc. ( NASDAQ:BFST ) has announced that it will pay a dividend on the 31st of...

Shareholder Returns

BFSTUS BanksUS Market
7D1.9%-1.9%-2.5%
1Y-6.5%-18.3%-21.2%

Return vs Industry: BFST exceeded the US Banks industry which returned -18.3% over the past year.

Return vs Market: BFST exceeded the US Market which returned -21.2% over the past year.

Price Volatility

Is BFST's price volatile compared to industry and market?
BFST volatility
BFST Average Weekly Movement3.7%
Banks Industry Average Movement3.8%
Market Average Movement8.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.3%

Stable Share Price: BFST is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: BFST's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2006657Jude Melvillehttps://www.b1bank.com

Business First Bancshares, Inc. operates as the bank holding company for b1BANK that provides various banking products and services. It offers various deposit products and services, including checking, demand, money market, time, and savings accounts; and certificates of deposits, remote deposit capture, and direct deposit services. The company also provides commercial and industrial loans, such as commercial lines of credit, letters of credit, working capital, term, equipment financing, asset acquisition, expansion and development, borrowing base, and other loan products; construction and development loans; commercial real estate loans; residential real estate loans comprising first and second lien 1-4 family mortgage loans, and home equity lines of credit; and consumer loans, including secured and unsecured installment and term loans.

Business First Bancshares Fundamentals Summary

How do Business First Bancshares's earnings and revenue compare to its market cap?
BFST fundamental statistics
Market CapUS$488.75m
Earnings (TTM)US$48.54m
Revenue (TTM)US$184.58m

10.1x

P/E Ratio

1.1x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BFST income statement (TTM)
RevenueUS$184.58m
Cost of RevenueUS$0
Gross ProfitUS$184.58m
Other ExpensesUS$136.05m
EarningsUS$48.54m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.15
Gross Margin100.00%
Net Profit Margin26.30%
Debt/Equity Ratio48.1%

How did BFST perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

20%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is BFST undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BFST?

Other financial metrics that can be useful for relative valuation.

BFST key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.5x

Price to Earnings Ratio vs Peers

How does BFST's PE Ratio compare to its peers?

BFST PE Ratio vs Peers
The above table shows the PE ratio for BFST vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13x
CCB Coastal Financial
18.4x43.5%US$502.0m
MPB Mid Penn Bancorp
13.8x29.7%US$433.4m
CSTR CapStar Financial Holdings
9x3.8%US$434.5m
CATC Cambridge Bancorp
10.9x15.5%US$582.5m
BFST Business First Bancshares
10.1x20.0%US$488.7m

Price-To-Earnings vs Peers: BFST is good value based on its Price-To-Earnings Ratio (10.1x) compared to the peer average (13x).


Price to Earnings Ratio vs Industry

How does BFST's PE Ratio compare vs other companies in the US Banks Industry?

Price-To-Earnings vs Industry: BFST is expensive based on its Price-To-Earnings Ratio (10.1x) compared to the US Banks industry average (9.5x)


Price to Earnings Ratio vs Fair Ratio

What is BFST's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BFST PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.1x
Fair PE Ratio15.1x

Price-To-Earnings vs Fair Ratio: BFST is good value based on its Price-To-Earnings Ratio (10.1x) compared to the estimated Fair Price-To-Earnings Ratio (15.1x).


Share Price vs Fair Value

What is the Fair Price of BFST when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BFST ($21.66) is trading below our estimate of fair value ($62.91)

Significantly Below Fair Value: BFST is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: BFST is good value based on its PEG Ratio (0.5x)


Discover undervalued companies

Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


20.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BFST's forecast earnings growth (20% per year) is above the savings rate (1.9%).

Earnings vs Market: BFST's earnings (20% per year) are forecast to grow faster than the US market (13.6% per year).

High Growth Earnings: BFST's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BFST's revenue (13.3% per year) is forecast to grow faster than the US market (8.2% per year).

High Growth Revenue: BFST's revenue (13.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BFST's Return on Equity is forecast to be low in 3 years time (13.1%).


Discover growth companies

Past Performance

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

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


43.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BFST has high quality earnings.

Growing Profit Margin: BFST's current net profit margins (26.3%) are higher than last year (24%).


Past Earnings Growth Analysis

Earnings Trend: BFST's earnings have grown significantly by 43.6% per year over the past 5 years.

Accelerating Growth: BFST's earnings growth over the past year (28.3%) is below its 5-year average (43.6% per year).

Earnings vs Industry: BFST earnings growth over the past year (28.3%) exceeded the Banks industry 20.8%.


Return on Equity

High ROE: BFST's Return on Equity (10.6%) is considered low.


Discover strong past performing companies

Financial Health

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

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BFST's Assets to Equity ratio (11.7x) is moderate.

Allowance for Bad Loans: BFST has a sufficient allowance for bad loans (271%).

Low Risk Liabilities: 95% of BFST's liabilities are made up of primarily low risk sources of funding.

Loan Level: BFST has an appropriate level of Loans to Assets ratio (69%).

Low Risk Deposits: BFST's Loans to Deposits ratio (80%) is appropriate.

Level of Bad Loans: BFST has an appropriate level of bad loans (0.3%).


Discover healthy companies

Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.22%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BFST's dividend (2.22%) is higher than the bottom 25% of dividend payers in the US market (1.6%).

High Dividend: BFST's dividend (2.22%) is low compared to the top 25% of dividend payers in the US market (4.25%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, BFST has been paying a dividend for less than 10 years.

Growing Dividend: BFST's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (20.4%), BFST's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BFST's dividends in 3 years are forecast to be well covered by earnings (19.4% payout ratio).


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

Jude Melville (47 yo)

11.33yrs

Tenure

US$2,025,480

Compensation

Mr. David R. Melville, III, also known as Jude, has been the Chief Executive Officer, President and Director at b1Bank and Business First Bancshares, Inc. since March 2011. Prior to serving in the banking...


CEO Compensation Analysis

Compensation vs Market: Jude's total compensation ($USD2.03M) is below average for companies of similar size in the US market ($USD2.92M).

Compensation vs Earnings: Jude's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BFST's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: BFST's board of directors are seasoned and experienced ( 10.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BFST insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.4%.


Top Shareholders

Company Information

Business First Bancshares, Inc.'s 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
  • Implied Market Cap: US$488.749m
  • Shares outstanding: 22.56m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.