Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Business First Bancshares Inc shares valued at $349,440 were sold by Buquet James J. III on Nov 13 ’24. At $29.12 per share, Buquet James J. III sold 12,000 shares. The insider’s holdings dropped to 33,687 shares worth approximately $0.97 million following the completion of this transaction.
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Also, Buquet James J. III sold 2,000 shares, netting a total of over 58,440 in proceeds. Following the sale of shares at $29.22 each, the insider now holds 3,689 shares.
Before that, Buquet James J. III had added 14,000 shares to its account. In a trade valued at $368,340, the Director bought Business First Bancshares Inc shares for $26.31 each.
As published in a research note from Hovde Group on November 13, 2024, Business First Bancshares Inc [BFST] has been rated down from an Outperform to a Market perform and the price target has been revised to $31.50 from $30. Analysts at Hovde Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late July. As of January 05, 2024, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for BFST. Earlier on July 28, 2023, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for BFST stock which previously was a “a Mkt perform”.
Analyzing BFST Stock Performance
During the last five days, there has been a surge of approximately 3.79%. Over the course of the year, Business First Bancshares Inc shares have jumped approximately 16.51%. Shares of the company reached a 52-week high of $30.30 on 11/12/24 and a 52-week low of $18.97 on 06/12/24. A 50-day SMA is recorded $26.49, while a 200-day SMA reached $23.18. Nevertheless, trading volume fell to 88440.0 shares from 0.2 million shares the previous day.
Support And Resistance Levels for Business First Bancshares Inc (BFST)
According to the 24-hour chart, there is a support level at 28.52, which, if violated, would cause prices to drop to 28.32. In the upper region, resistance lies at 29.10. The next price resistance is at 29.47. RSI (Relative Strength Index) is 58.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.23, which suggests the price will decrease in the coming days. Percent R is at 30.52%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
