Piper Sandler raised the firm’s price target on Business First Bancshares to $26 from $23 and keeps an Overweight rating on the shares. The firm is also lowering its 2024/2025 to $2.02/$2.35 from $2.10/$2.36 following Q4 earnings. Nonetheless, Piper believes the margin should expand throughout 2024 as loan repricing picks up and deposit cost pressures abate.
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