Business First Bancshares price target raised to $31 from $29 at DA Davidson

DA Davidson raised the firm’s price target on Business First Bancshares (BFST) to $31 from $29 and keeps a Buy rating on the shares. The company is opportunistically filling in its Northern Louisiana footprint with its acquisition of Progressive Bancorp where the EPS accretion is solid at an estimated 10% on 2026 estimate, assuming full cost saves and tangible book value dilution is manageable, the analyst tells investors in a research note.