Media headlines about First Business Financial Services (NASDAQ:FBIZ) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Business Financial Services earned a news impact score of 0.05 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 45.7873488450673 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
First Business Financial Services traded down $0.11, hitting $26.14, on Friday, according to Marketbeat Ratings. 74,400 shares of the company’s stock traded hands, compared to its average volume of 16,111. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.86. First Business Financial Services has a 1-year low of $20.57 and a 1-year high of $26.95. The stock has a market cap of $230.59 million, a price-to-earnings ratio of 19.36, a PEG ratio of 1.72 and a beta of 0.88.
First Business Financial Services (NASDAQ:FBIZ) last posted its earnings results on Thursday, April 26th. The financial services provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.01. The firm had revenue of $20.87 million during the quarter, compared to analyst estimates of $19.23 million. First Business Financial Services had a net margin of 12.75% and a return on equity of 7.20%. analysts forecast that First Business Financial Services will post 1.91 EPS for the current year.
Several brokerages have commented on FBIZ. ValuEngine cut shares of First Business Financial Services from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. Zacks Investment Research cut shares of First Business Financial Services from a “buy” rating to a “hold” rating in a research note on Friday, May 4th. DA Davidson lifted their price objective on shares of First Business Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, May 1st. Finally, Sandler O’Neill restated a “hold” rating and set a $26.00 price objective on shares of First Business Financial Services in a research note on Tuesday, March 27th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $27.25.
In other news, insider Charles H. Batson sold 1,900 shares of First Business Financial Services stock in a transaction that occurred on Wednesday, May 9th. The shares were sold at an average price of $25.99, for a total transaction of $49,381.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.20% of the stock is owned by insiders.
About First Business Financial Services
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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