Business First Bancshares price target lowered to $32 from $34 at Stephens

Stephens analyst Matt Olney lowered the firm’s price target on Business First Bancshares (BFST) to $32 from $34 and keeps an Overweight rating on the shares. The company’s Q1 EPS beat was “broad-based,” driven by higher non-interest income, better net interest income and lower operating expenses, the analyst tells investors. The firm anticipates a more material capital build in 2025, which could support an improved trading multiple, the analyst added.