Zacks: Brokerages Anticipate First Business Financial Services Inc (FBIZ) to Post $0.39 Earnings Per Share

Analysts expect First Business Financial Services Inc (NASDAQ:FBIZ) to post earnings per share of $0.39 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for First Business Financial Services’ earnings. The highest EPS estimate is $0.40 and the lowest is $0.37. First Business Financial Services reported earnings per share of $0.46 during the same quarter last year, which suggests a negative year-over-year growth rate of 15.2%. The company is scheduled to issue its next quarterly earnings report on Thursday, January 25th.

On average, analysts expect that First Business Financial Services will report full year earnings of $1.30 per share for the current fiscal year, with EPS estimates ranging from $1.28 to $1.31. For the next financial year, analysts forecast that the company will report earnings of $1.87 per share, with EPS estimates ranging from $1.78 to $1.97. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for First Business Financial Services.

First Business Financial Services (NASDAQ:FBIZ) last announced its earnings results on Thursday, October 26th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.14). The business had revenue of $19.22 million for the quarter, compared to analysts’ expectations of $20.00 million. First Business Financial Services had a return on equity of 7.20% and a net margin of 12.63%.

A number of equities analysts have recently issued reports on the stock. TheStreet upgraded shares of First Business Financial Services from a “c+” rating to a “b-” rating in a research report on Tuesday, December 5th. Zacks Investment Research upgraded shares of First Business Financial Services from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Keefe, Bruyette & Woods restated a “hold” rating and set a $25.00 target price on shares of First Business Financial Services in a research report on Tuesday, October 3rd. Finally, ValuEngine upgraded shares of First Business Financial Services from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st.

In related news, insider Charles H. Batson sold 2,300 shares of First Business Financial Services stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $21.10, for a total value of $48,530.00. Following the transaction, the insider now directly owns 27,527 shares in the company, valued at approximately $580,819.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John J. Harris acquired 2,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was purchased at an average price of $22.52 per share, for a total transaction of $45,040.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at $225,200. The disclosure for this purchase can be found here. Company insiders own 6.60% of the company’s stock.

A number of large investors have recently bought and sold shares of FBIZ. Ameriprise Financial Inc. purchased a new position in First Business Financial Services in the 2nd quarter valued at $201,000. Rhumbline Advisers grew its position in First Business Financial Services by 5.3% in the 2nd quarter. Rhumbline Advisers now owns 9,351 shares of the financial services provider’s stock valued at $216,000 after buying an additional 470 shares during the last quarter. Teachers Advisors LLC grew its position in First Business Financial Services by 7.4% in the 2nd quarter. Teachers Advisors LLC now owns 13,627 shares of the financial services provider’s stock valued at $315,000 after buying an additional 940 shares during the last quarter. Prudential Financial Inc. grew its position in First Business Financial Services by 10.5% in the 2nd quarter. Prudential Financial Inc. now owns 18,870 shares of the financial services provider’s stock valued at $436,000 after buying an additional 1,800 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. grew its position in First Business Financial Services by 9.7% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 25,990 shares of the financial services provider’s stock valued at $599,000 after buying an additional 2,300 shares during the last quarter. Hedge funds and other institutional investors own 58.93% of the company’s stock.

Shares of First Business Financial Services (FBIZ) traded up $0.19 on Tuesday, hitting $23.23. 4,395 shares of the stock were exchanged, compared to its average volume of 16,700. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $202.35, a price-to-earnings ratio of 16.96, a PEG ratio of 1.55 and a beta of 0.97. First Business Financial Services has a twelve month low of $20.57 and a twelve month high of $28.43.

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About First Business Financial Services

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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