First Business Financial Services, Inc. (NASDAQ:FBIZ) released its quarterly earnings results on Thursday. The financial services provider reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.14), Bloomberg Earnings reports. First Business Financial Services had a return on equity of 7.25% and a net margin of 12.64%. The company had revenue of $19.22 million for the quarter, compared to analysts’ expectations of $20.00 million.
Shares of First Business Financial Services (NASDAQ FBIZ) traded down 1.62% on Friday, reaching $22.53. The company had a trading volume of 22,311 shares. The company has a market capitalization of $196.35 million, a price-to-earnings ratio of 16.47 and a beta of 0.95. First Business Financial Services has a 12 month low of $18.76 and a 12 month high of $28.43. The stock has a 50 day moving average price of $22.15 and a 200-day moving average price of $23.01.
A number of research analysts recently weighed in on FBIZ shares. Zacks Investment Research lowered First Business Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. TheStreet lowered First Business Financial Services from a “b” rating to a “c+” rating in a report on Friday, July 28th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $25.00 price objective on shares of First Business Financial Services in a report on Thursday, August 3rd. Five equities research analysts have rated the stock with a hold rating, First Business Financial Services has a consensus rating of “Hold” and a consensus price target of $24.50.
In other news, Director Jerome J. Smith sold 1,250 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $21.17, for a total value of $26,462.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Charles H. Batson sold 2,300 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $21.25, for a total value of $48,875.00. Following the completion of the sale, the insider now directly owns 26,907 shares in the company, valued at approximately $571,773.75. The disclosure for this sale can be found here. Insiders sold a total of 5,025 shares of company stock worth $106,903 in the last three months. Company insiders own 8.30% of the company’s stock.
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First Business Financial Services Company Profile
First Business Financial Services, Inc (FBFS) is a bank holding company. The Company engages in the commercial banking business through its bank subsidiaries, which include First Business Bank (FBB), First Business Bank-Milwaukee (FBB-Milwaukee) and Alterra Bank (Alterra) (FBB and FBB-Milwaukee and, together with FBB, the Banks).
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