| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 4/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 3/6 |
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
| Historical stock prices | |
|---|---|
| Current Share Price | US$21.66 |
| 52 Week High | US$29.50 |
| 52 Week Low | US$20.19 |
| Beta | 0.86 |
| 1 Month Change | -3.73% |
| 3 Month Change | -9.56% |
| 1 Year Change | -6.48% |
| 3 Year Change | -15.92% |
| 5 Year Change | n/a |
| Change since IPO | -14.25% |
Recent News & Updates
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
| BFST | US Banks | US Market | |
|---|---|---|---|
| 7D | 1.9% | -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
| BFST volatility | |
|---|---|
| BFST Average Weekly Movement | 3.7% |
| Banks Industry Average Movement | 3.8% |
| Market Average Movement | 8.1% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.3% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2006 | 657 | Jude Melville | https://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
| BFST fundamental statistics | |
|---|---|
| Market Cap | US$488.75m |
| Earnings (TTM) | US$48.54m |
| Revenue (TTM) | US$184.58m |
10.1x
P/E Ratio1.1x
P/B RatioIs BFST overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BFST income statement (TTM) | |
|---|---|
| Revenue | US$184.58m |
| Cost of Revenue | US$0 |
| Gross Profit | US$184.58m |
| Other Expenses | US$136.05m |
| Earnings | US$48.54m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.15 |
| Gross Margin | 100.00% |
| Net Profit Margin | 26.30% |
| Debt/Equity Ratio | 48.1% |
How did BFST perform over the long term?
See historical performance and comparisonDividends
2.2%
Current Dividend Yield20%
Payout RatioValuation
Is BFST undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation 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.
| What is BFST's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$488.75m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | 0.5x |
Price to Earnings Ratio vs Peers
How does BFST's PE Ratio compare to its peers?
| BFST PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 13x | ||
CCB Coastal Financial | 18.4x | 43.5% | US$502.0m |
MPB Mid Penn Bancorp | 13.8x | 29.7% | US$433.4m |
CSTR CapStar Financial Holdings | 9x | 3.8% | US$434.5m |
CATC Cambridge Bancorp | 10.9x | 15.5% | US$582.5m |
BFST Business First Bancshares | 10.1x | 20.0% | 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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 10.1x |
| Fair PE Ratio | 15.1x |
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)
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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
4/6Future 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
4/6Past 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
6/6Financial 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%).
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Dividend
What is Business First Bancshares's current dividend yield, its reliability and sustainability?
Dividend Score
3/6Dividend 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/07/03 00:00 |
| End of Day Share Price | 2022/07/01 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.