The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 $0.82 million following the completion of this transaction.
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 Raymond James on December 19, 2024, Business First Bancshares Inc [BFST] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $30. Analysts at Hovde Group downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in mid November. As of July 26, 2024, Hovde Group has reiterated its “an Outperform” rating for BFST. Earlier on January 05, 2024, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for BFST stock which previously was a “an Outperform”.
Analyzing BFST Stock Performance
During the last five days, there has been a drop of approximately -5.45%. Over the course of the year, Business First Bancshares Inc shares have dropped approximately -5.45%. Shares of the company reached a 52-week high of $26.18 on 01/02/25 and a 52-week low of $24.07 on 01/08/25. A 50-day SMA is recorded $27.32, while a 200-day SMA reached $23.83. Nevertheless, trading volume fell to 59578.0 shares from 0.14 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 24.08, which, if violated, would cause prices to drop to 23.86. In the upper region, resistance lies at 24.51. The next price resistance is at 24.72. RSI (Relative Strength Index) is 26.16 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.87, which suggests the price will decrease in the coming days. Percent R is at 92.99%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
