BFST trades 11.8% below Wall Street's consensus target of $36.00.
Last 12 months price action with 12-month analyst target path
The base valuation assumes BFST achieves its forward estimates and maintains a stable P/E multiple of 10.6x. This scenario reflects the blended consensus of 4 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of November 8, 2026, Business First Bancshares, Inc. (BFST) has a Wall Street consensus price target of $36.00, based on estimates from 4 covering analysts. With the stock currently trading at $32.20, this represents a potential upside of +11.8%. The company has a market capitalization of $1.05B.
Analyst price targets range from a low of $36.00 to a high of $36.00, representing a 0% spread in expectations. The median target of $36.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 4 analysts rating the stock as a Buy or Strong Buy,0 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, BFST trades at a trailing P/E of 11.1x and forward P/E of 10.6x. The forward PEG ratio of 0.95 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +4.8% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $39.76, with bear and bull scenarios of $25.05 and $52.38 respectively. Model confidence stands at 57/100, reflecting moderate uncertainty in projections.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 SFBSServisFirst Bancshares, Inc. | $4.5B | $41.08 | $45.50 | +10.8% | Buy | 12.9x | 6 |
 FFINFirst Financial Bankshares, Inc. | $4.4B | $30.41 | $34.33 | +12.9% | Hold | 14.9x | 17 |
 TCBITexas Capital Bancshares, Inc. | $4.5B | $103.34 | $108.20 | +4.7% | Hold | 14.0x | 39 |
 HOMBHome Bancshares, Inc. | $6.0B | $29.86 | $33.67 | +12.8% | Hold | 11.8x | 19 |
 LKFNLakeland Financial Corporation | $1.5B | $61.15 | $67.00 | +9.6% | Hold | 13.7x | 10 |
 HOPEHope Bancorp, Inc. | $1.7B | $13.18 | $16.00 | +21.4% | Hold | 13.0x | 6 |
 BANFBancFirst Corporation | $3.9B | $115.20 | $125.00 | +8.5% | Hold | 15.0x | 3 |
 TRMKTrustmark Corporation | $2.6B | $44.64 | $47.50 | +6.4% | Hold | 11.3x | 9 |
 HBCPHome Bancorp, Inc. | $479M | $60.94 | $65.00 | +6.7% | Buy | 10.8x | 3 |
 BYFCBroadway Financial Corp. | $108M | $11.60 | — | — | — | — | — |
Quick answers to the most common questions about buying BFST stock.
Business First Bancshares, Inc. (BFST) has a consensus 12-month price target of $36, implying 11.8% upside from $32.2. The 4 analysts covering BFST see moderate appreciation potential.
BFST has a consensus rating of "Buy" based on 4 Wall Street analysts. The rating breakdown is predominantly bullish, with 4 Buy/Strong Buy ratings. The consensus 12-month price target of $36 implies 11.8% upside from current levels.
With a forward P/E of 10.6201x, BFST trades at a relatively low valuation. The consensus target of $36 implies 11.8% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $36 for BFST, while the most conservative target is $36. The consensus of $36 represents the median expectation. Our quantitative valuation model projects a bull case target of $52 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
BFST is lightly followed, with 4 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 4 have Buy ratings, 0 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month BFST stock forecast based on 4 Wall Street analysts shows a consensus price target of $36, with estimates ranging from $36 (bear case) to $36 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $40, with bear/bull scenarios of $25/$52.
Our quantitative valuation model calculates BFST's fair value at $40 (base case), with a bear case of $25 and bull case of $52. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 57/100.
BFST trades at a forward P/E ratio of 10.6x based on next-twelve-months earnings estimates compared to a trailing P/E of 11.1x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are optimistic on BFST, with a "Buy" consensus rating and $36 price target (11.8% upside). 4 of 4 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
BFST analyst price targets range from $36 to $36, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $36 consensus represents the middle ground. Our model's $25-$52 range provides an independent fundamental perspective.
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