Business First Bancshares Future Growth

Future criteria checks 3/6

Business First Bancshares is forecast to grow earnings and revenue by 19.1% and 13.3% per annum respectively. EPS is expected to grow by 13.6% per annum. Return on equity is forecast to be 10.8% in 3 years.

Key information

19.1%

Earnings growth rate

13.6%

EPS growth rate

Banks earnings growth	8.7%
Revenue growth rate	13.3%
Future return on equity	10.8%
Analyst coverage	Low
Last updated	27 Jan 2025

Recent future growth updates

Recent updates

Business First Bancshares announces stock offering for expected proceeds of ~$47M

Oct 12

Business First Bancshares raises $72M via private placement of preferred stock

Sep 01

Business First Bancshares goes ex-dividend tomorrow

Aug 11

Business First Bancshares (NASDAQ:BFST) Has Affirmed Its Dividend Of $0.12

Aug 08

Business First Bancshares GAAP EPS of $0.61 beats by $0.15, revenue of $53.6M misses by $0.6M

Jul 26

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

May 03

Earnings and Revenue Growth Forecasts

NasdaqGS:BFST - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	343	88	N/A	N/A	4
12/31/2025	323	78	N/A	N/A	4
12/31/2024	261	60	N/A	N/A	N/A
9/30/2024	250	59	58	65	N/A
6/30/2024	248	62	56	66	N/A
3/31/2024	248	64	67	77	N/A
12/31/2023	246	66	81	92	N/A
9/30/2023	247	68	76	83	N/A
6/30/2023	242	62	77	81	N/A
3/31/2023	231	58	67	73	N/A
12/31/2022	218	53	62	70	N/A
9/30/2022	201	48	63	73	N/A
6/30/2022	185	45	55	64	N/A
3/31/2022	185	49	50	58	N/A
12/31/2021	182	52	52	56	N/A
9/30/2021	184	54	55	56	N/A
6/30/2021	180	53	65	66	N/A
3/31/2021	158	38	39	41	N/A
12/31/2020	138	30	26	29	N/A
9/30/2020	113	22	13	18	N/A
6/30/2020	97	18	-4	2	N/A
3/31/2020	89	23	18	22	N/A
12/31/2019	88	24	20	24	N/A
9/30/2019	84	21	22	24	N/A
6/30/2019	79	20	24	25	N/A
3/31/2019	72	17	23	24	N/A
12/31/2018	68	14	18	19	N/A
9/30/2018	60	10	N/A	17	N/A
6/30/2018	55	8	N/A	14	N/A
3/31/2018	50	6	N/A	10	N/A
12/31/2017	46	5	N/A	8	N/A
9/30/2017	45	7	N/A	9	N/A
6/30/2017	45	7	N/A	8	N/A
3/31/2017	43	6	N/A	8	N/A
12/31/2016	42	5	N/A	8	N/A
9/30/2016	41	5	N/A	8	N/A
6/30/2016	41	4	N/A	6	N/A
3/31/2016	40	4	N/A	4	N/A
12/31/2015	36	4	N/A	3	N/A
9/30/2015	33	4	N/A	3	N/A
6/30/2015	28	4	N/A	4	N/A
3/31/2015	25	4	N/A	5	N/A
12/31/2014	25	4	N/A	7	N/A
9/30/2014	24	4	N/A	6	N/A
6/30/2014	26	4	N/A	7	N/A
3/31/2014	26	4	N/A	9	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BFST's forecast earnings growth (19.1% per year) is above the savings rate (2.6%).

Earnings vs Market: BFST's earnings (19.1% per year) are forecast to grow faster than the US market (14.6% per year).

High Growth Earnings: BFST's earnings are forecast to grow, but not significantly.

Revenue vs Market: BFST's revenue (13.3% per year) is forecast to grow faster than the US market (8.9% 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 (10.8%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/29 13:48
End of Day Share Price	2025/01/29 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Business First Bancshares, Inc. is covered by 6 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Manuel Navas	D.A. Davidson & Co.
Feddie Strickland	Hovde Group, LLC
Christopher Marinac	Janney Montgomery Scott LLC

Business First Bancshares Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Price target increased by 14% to US$31.67

Consensus EPS estimates fall by 29%, revenue upgraded

Price target increased by 8.3% to US$23.83

Consensus EPS estimates increase by 18%

Price target increased by 8.2% to US$21.75

Price target decreased by 13% to US$20.60

Recent updates

Business First Bancshares (NASDAQ:BFST) Is Paying Out A Dividend Of $0.14

Fourth quarter dividend of US$0.14 announced

Full year 2024 earnings: EPS and revenues exceed analyst expectations

Business First Bancshares, Inc. to Report Q4, 2024 Results on Jan 23, 2025

Independent Director recently sold US$408k worth of stock

Upcoming dividend of US$0.14 per share

Chairman notifies of intention to sell stock

Independent Director recently sold US$419k worth of stock

Business First Bancshares' (NASDAQ:BFST) Dividend Will Be $0.14

Third quarter dividend of US$0.14 announced

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

New minor risk - Shareholder dilution

Business First Bancshares, Inc. (NasdaqGS:BFST) completed the acquisition of Oakwood Bancshares, Inc. from Commerce Street Financial Partners II, LP, managed by Commerce Street Holdings, Investment Arm and Others.

William G. Hall Joins the Boards of Directors of Business First Bancshares, Inc

Director recently sold US$180k worth of stock

Business First Bancshares, Inc. and b1BANK Announce the Appointment of Zeenat Sidi to Board of Directors

Investor sentiment deteriorates as stock falls 15%

Director recently sold US$1.0m worth of stock

Business First Bancshares, Inc. Announces Management Appointments

Price target increased by 14% to US$31.67

Second quarter dividend of US$0.14 announced

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Business First Bancshares, Inc. Announces Quarterly Common Dividend, Payable on August 31, 2024

Business First Bancshares, Inc. to Report Q2, 2024 Results on Jul 25, 2024

Consensus EPS estimates fall by 29%, revenue upgraded

First quarter dividend of US$0.14 announced

Business First Bancshares, Inc. (NasdaqGS:BFST) entered into a definitive agreement to acquire Oakwood Bancshares, Inc. for $87.6 million.

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Business First Bancshares, Inc. (NasdaqGS:BFST) entered into a definitive agreement to acquire Oakwood Bancshares, Inc.

Business First Bancshares, Inc., Annual General Meeting, May 23, 2024

Business First Bancshares, Inc. to Report Q1, 2024 Results on Apr 25, 2024

Executive VP & Chief Credit Officer recently sold US$117k worth of stock

Full year 2023 earnings: EPS misses analyst expectations

Upcoming dividend of US$0.14 per share at 2.6% yield

Business First Bancshares: TBV Per Share Has Stalled Since 2019

Fourth quarter dividend of US$0.14 announced

Full year 2023 earnings: EPS misses analyst expectations

Executive VP exercised options and sold US$78k worth of stock

Business First Bancshares, Inc. and B1bank Appoints Aimee Quirk as A Director

Price target increased by 8.3% to US$23.83

Director recently sold US$528k worth of stock

Business First Bancshares, Inc. and b1Bank Announces Resignation of Drew C. Brees to Board of Directors

Upcoming dividend of US$0.14 per share at 2.7% yield

New major risk - Revenue and earnings growth

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Business First Bancshares, Inc. to Report Q3, 2023 Results on Oct 26, 2023

New minor risk - Insider selling

Upcoming dividend of US$0.12 per share at 2.3% yield

Consensus EPS estimates increase by 18%

Business First Bancshares (NASDAQ:BFST) Is Due To Pay A Dividend Of $0.12

Price target increased by 8.2% to US$21.75

Does Business First Bancshares (NASDAQ:BFST) Deserve A Spot On Your Watchlist?

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Business First Bancshares, Inc. to Report Q2, 2023 Results on Jul 27, 2023

Business First Bancshares, Inc., Annual General Meeting, Jul 27, 2023

First quarter 2023 earnings released: EPS: US$0.55 (vs US$0.41 in 1Q 2022)

Price target decreased by 13% to US$20.60

Independent Director recently bought US$92k worth of stock

Upcoming dividend of US$0.12 per share at 3.5% yield

Business First Bancshares (NASDAQ:BFST) Has Announced A Dividend Of $0.12

Price target decreased by 8.5% to US$23.70

Investor sentiment deteriorates as stock falls 19%

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Business First Bancshares (NASDAQ:BFST) Has Announced A Dividend Of $0.12

Upcoming dividend of US$0.12 per share at 2.3% yield

Business First Bancshares, Inc. Announces Dividend on Common Stocks, Payable on or After February 28, 2023

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Business First Bancshares, Inc. to Report Q4, 2022 Results on Jan 25, 2023

b1BANK and Business First Bancshares, Inc. Appoints Jerry Vascocu as Chief Administrative Officer