
BFST Stock Forecast & Price Target
BFST Analyst Ratings
Bulls say
Business First Bancshares is a strong financial institution with a solid capital and M&A strategy, recently completing a share buyback and acquisition which have boosted capital levels and improved the loan portfolio. Despite a slight miss on core fees and operating expenses during the quarter, the company is well positioned for growth in the upcoming years with steady net interest income expansion projected and a focus on reducing NPAs and NCOs. The recent addition of new producers in the Houston market is also expected to drive loan growth, making this stock an attractive investment with a BUY rating.
Bears say
Business First Bancshares is facing considerable risk in both its lending portfolio and the overall economy due to its exposure to the oil and gas industry. The bank's 2Q performance was underwhelming, driven by higher expenses and a decrease in loan growth. Its acquisition of Progressive Bancorp may bring in synergies in the future, but there are concerns about additional resolutions in the energy sector that could result in further losses. Overall, the ongoing challenges in the energy industry and the potential impact on the economy make this a high-risk investment proposition.
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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