Wall Street analysts expect that First Business Financial Services Inc (NASDAQ:FBIZ) will announce earnings per share (EPS) of $0.55 for the current quarter, according to Zacks. Two analysts have issued estimates for First Business Financial Services’ earnings. The highest EPS estimate is $0.56 and the lowest is $0.54. First Business Financial Services posted earnings of $0.46 per share during the same quarter last year, which would suggest a positive year over year growth rate of 19.6%. The company is expected to announce its next quarterly earnings results on Thursday, January 23rd.
On average, analysts expect that First Business Financial Services will report full-year earnings of $2.60 per share for the current year, with EPS estimates ranging from $2.57 to $2.62. For the next financial year, analysts expect that the company will post earnings of $2.28 per share, with EPS estimates ranging from $2.25 to $2.34. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover First Business Financial Services.
First Business Financial Services (NASDAQ:FBIZ) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.07. First Business Financial Services had a net margin of 17.75% and a return on equity of 11.60%. The firm had revenue of $22.57 million for the quarter, compared to analyst estimates of $22.80 million.
Several research firms have recently commented on FBIZ. ValuEngine lowered First Business Financial Services from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. DA Davidson reissued a “neutral” rating on shares of First Business Financial Services in a report on Monday, November 18th. Finally, Zacks Investment Research lowered First Business Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday, November 21st.
FBIZ stock traded down $0.44 during midday trading on Thursday, reaching $24.54. The company had a trading volume of 7,879 shares, compared to its average volume of 12,248. The company has a quick ratio of 1.17, a current ratio of 1.18 and a debt-to-equity ratio of 1.80. The stock has a 50 day moving average price of $24.61 and a 200 day moving average price of $23.77. First Business Financial Services has a fifty-two week low of $18.76 and a fifty-two week high of $25.92. The firm has a market capitalization of $214.56 million, a PE ratio of 13.19 and a beta of 0.84.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Friday, November 1st. First Business Financial Services’s dividend payout ratio (DPR) is 32.26%.
Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its position in shares of First Business Financial Services by 1,849.0% during the third quarter. Tower Research Capital LLC TRC now owns 1,949 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 1,849 shares during the last quarter. SG Americas Securities LLC bought a new stake in First Business Financial Services in the 2nd quarter valued at about $118,000. Rhumbline Advisers lifted its position in First Business Financial Services by 9.7% in the 3rd quarter. Rhumbline Advisers now owns 12,656 shares of the financial services provider’s stock valued at $305,000 after purchasing an additional 1,122 shares during the last quarter. Bank of Montreal Can lifted its position in First Business Financial Services by 6.8% in the 2nd quarter. Bank of Montreal Can now owns 13,636 shares of the financial services provider’s stock valued at $320,000 after purchasing an additional 867 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in First Business Financial Services by 48.0% during the 3rd quarter. Millennium Management LLC now owns 15,142 shares of the financial services provider’s stock valued at $364,000 after purchasing an additional 4,912 shares during the period. Institutional investors and hedge funds own 64.77% of the company’s stock.
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 offers deposit products, such as non-interest-bearing transaction accounts, interest-bearing transaction accounts, money market accounts, time deposits, and certificates of deposit.
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