Zacks: Analysts Anticipate First Business Financial Services Inc (FBIZ) Will Announce Quarterly Sales of $19.23 Million

Brokerages expect First Business Financial Services Inc (NASDAQ:FBIZ) to report $19.23 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for First Business Financial Services’ earnings, with the lowest sales estimate coming in at $19.20 million and the highest estimate coming in at $19.30 million. First Business Financial Services posted sales of $18.95 million in the same quarter last year, which suggests a positive year over year growth rate of 1.5%. The business is scheduled to report its next earnings report on Thursday, April 26th.

On average, analysts expect that First Business Financial Services will report full year sales of $19.23 million for the current fiscal year, with estimates ranging from $80.20 million to $81.20 million. For the next fiscal year, analysts expect that the business will post sales of $86.60 million per share, with estimates ranging from $85.80 million to $87.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for First Business Financial Services.

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First Business Financial Services (NASDAQ:FBIZ) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.06. First Business Financial Services had a net margin of 12.87% and a return on equity of 7.13%. The company had revenue of $18.88 million for the quarter, compared to the consensus estimate of $19.69 million.

Several equities analysts have weighed in on the stock. Sandler O’Neill reaffirmed a “hold” rating and set a $26.00 price target on shares of First Business Financial Services in a report on Tuesday, March 27th. ValuEngine raised shares of First Business Financial Services from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Zacks Investment Research raised shares of First Business Financial Services from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Wednesday, March 28th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. First Business Financial Services has a consensus rating of “Buy” and a consensus target price of $26.33.

Shares of NASDAQ:FBIZ opened at $25.63 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.29. First Business Financial Services has a 1-year low of $20.57 and a 1-year high of $28.43. The company has a market cap of $219.12, a price-to-earnings ratio of 18.99, a PEG ratio of 1.67 and a beta of 0.91.

In other First Business Financial Services news, insider Jodi A. Chandler sold 1,254 shares of First Business Financial Services stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $25.25, for a total transaction of $31,663.50. Following the transaction, the insider now owns 19,721 shares of the company’s stock, valued at $497,955.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel Ovokaitys sold 1,077 shares of First Business Financial Services stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $24.18, for a total transaction of $26,041.86. The disclosure for this sale can be found here. Insiders have sold 4,381 shares of company stock worth $106,987 in the last ninety days. Insiders own 8.30% of the company’s stock.

Large investors have recently modified their holdings of the business. Bank of New York Mellon Corp raised its position in shares of First Business Financial Services by 5.1% during the fourth quarter. Bank of New York Mellon Corp now owns 50,312 shares of the financial services provider’s stock valued at $1,113,000 after buying an additional 2,431 shares during the last quarter. Martingale Asset Management L P raised its position in shares of First Business Financial Services by 6.3% during the fourth quarter. Martingale Asset Management L P now owns 48,917 shares of the financial services provider’s stock valued at $1,083,000 after buying an additional 2,902 shares during the last quarter. Deutsche Bank AG raised its position in shares of First Business Financial Services by 8.7% during the fourth quarter. Deutsche Bank AG now owns 39,466 shares of the financial services provider’s stock valued at $870,000 after buying an additional 3,153 shares during the last quarter. BlackRock Inc. raised its position in shares of First Business Financial Services by 0.8% during the fourth quarter. BlackRock Inc. now owns 417,491 shares of the financial services provider’s stock valued at $9,236,000 after buying an additional 3,455 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of First Business Financial Services by 8.4% during the fourth quarter. Wells Fargo & Company MN now owns 49,192 shares of the financial services provider’s stock valued at $1,088,000 after buying an additional 3,797 shares during the last quarter. 60.21% of the stock is currently owned by institutional investors and hedge funds.

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First Business Financial Services Company Profile

First Business Financial Services, Inc operates as the bank holding company for First Business Bank that provides commercial banking products and services for small and medium-sized businesses, business owners, executives, professionals, and high net worth individuals. The company's deposit products include non-interest-bearing transaction accounts, interest-bearing transaction accounts, money market accounts, and time deposits, as well as certificates of deposit.

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Earnings History and Estimates for First Business Financial Services (NASDAQ:FBIZ)

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