
BFST Stock Forecast & Price Target
BFST Analyst Ratings
Bulls say
Business First Bancshares is projected to have a strong profitability profile and growing presence in Texas, which will likely lead to higher valuation multiples and a $32 price target. Additionally, the company's acquisition of Progressive Bancorp is expected to be accretive to earnings and provide a low-cost deposit base, further supporting the positive outlook. Risks include economic deterioration, credit quality deterioration, and potential NIM compression from competitive loan and deposit pricing. With a strong capital position and potential for share buybacks, Business First Bancshares has the flexibility for capital deployment and potential for modest near-term organic growth.
Bears say
Business First Bancshares is facing challenges with an increase in non-performing assets and net charge-offs, as well as a decline in organic loan growth. Additionally, the company's shift towards hiring new producers in the Houston market may not be enough to offset the impact of paydown activity on loan balances. The recent and pending acquisitions offer potential growth opportunities, but the company's concentration in Texas may pose a risk in terms of credit exposure.
This aggregate rating is based on analysts' research of Business First Bancshares Inc. and is not a guaranteed prediction by Public.com or investment advice.
BFST Analyst Forecast & Price Prediction
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