$19.23 Million in Sales Expected for First Business Financial Services, Inc. (FBIZ) This Quarter

Equities analysts expect First Business Financial Services, Inc. (NASDAQ:FBIZ) to report $19.23 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for First Business Financial Services’ earnings. The lowest sales estimate is $19.20 million and the highest is $19.30 million. First Business Financial Services posted sales of $18.95 million during the same quarter last year, which suggests a positive year-over-year growth rate of 1.5%. The company is expected to issue its next quarterly earnings report on Thursday, April 26th.

On average, analysts expect that First Business Financial Services will report full-year sales of $80.70 million for the current year, with estimates ranging from $80.20 million to $81.20 million. For the next fiscal year, analysts anticipate that the company will report 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 sell-side research firms that follow First Business Financial Services.

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

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

In other news, insider Daniel Ovokaitys sold 1,077 shares of First Business Financial Services stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $24.18, for a total value of $26,041.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charles H. Batson sold 2,050 shares of First Business Financial Services stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $24.04, for a total value of $49,282.00. Following the completion of the transaction, the insider now directly owns 24,482 shares of the company’s stock, valued at $588,547.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,381 shares of company stock valued at $106,987. 6.20% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. M3F Inc. raised its position in shares of First Business Financial Services by 283.0% in the 4th quarter. M3F Inc. now owns 107,311 shares of the financial services provider’s stock worth $2,374,000 after acquiring an additional 79,295 shares in the last quarter. Stone Ridge Asset Management LLC bought a new position in shares of First Business Financial Services in the 4th quarter worth about $220,000. Deutsche Bank AG raised its position in shares of First Business Financial Services by 8.7% in the 4th quarter. Deutsche Bank AG now owns 39,466 shares of the financial services provider’s stock worth $870,000 after acquiring an additional 3,153 shares in the last quarter. Martingale Asset Management L P raised its position in shares of First Business Financial Services by 6.3% in the 4th quarter. Martingale Asset Management L P now owns 48,917 shares of the financial services provider’s stock worth $1,083,000 after acquiring an additional 2,902 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of First Business Financial Services by 0.8% in the 4th quarter. BlackRock Inc. now owns 417,491 shares of the financial services provider’s stock worth $9,236,000 after acquiring an additional 3,455 shares in the last quarter. 60.21% of the stock is owned by hedge funds and other institutional investors.

Shares of FBIZ opened at $25.88 on Monday. First Business Financial Services has a 52 week low of $20.57 and a 52 week high of $28.43. The firm has a market capitalization of $226.83, a PE ratio of 19.17, a PEG ratio of 1.73 and a beta of 0.91. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.11 and a quick ratio of 1.11.

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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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