Zacks: Brokerages Expect First Business Financial Services, Inc. (NASDAQ:FBIZ) to Announce $0.82 Earnings Per Share

Brokerages expect First Business Financial Services, Inc. (NASDAQ:FBIZ) to post earnings per share of $0.82 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for First Business Financial Services’ earnings. The highest EPS estimate is $0.89 and the lowest is $0.76. First Business Financial Services posted earnings per share of $0.38 during the same quarter last year, which suggests a positive year-over-year growth rate of 115.8%. The company is expected to announce its next earnings results on Thursday, July 22nd.

According to Zacks, analysts expect that First Business Financial Services will report full-year earnings of $3.63 per share for the current fiscal year, with EPS estimates ranging from $3.55 to $3.70. For the next year, analysts anticipate that the firm will post earnings of $3.05 per share, with EPS estimates ranging from $2.90 to $3.13. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for First Business Financial Services.

First Business Financial Services (NASDAQ:FBIZ) last issued its quarterly earnings data on Wednesday, April 28th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.36. First Business Financial Services had a net margin of 19.15% and a return on equity of 11.44%. The company had revenue of $28.06 million during the quarter, compared to the consensus estimate of $27.47 million.

FBIZ has been the topic of a number of recent research reports. Raymond James raised their target price on First Business Financial Services to $33.00 and gave the company an “outperform” rating in a research note on Monday. Zacks Investment Research raised First Business Financial Services from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Tuesday, May 4th.

Several institutional investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in shares of First Business Financial Services by 5.6% during the 1st quarter. Royal Bank of Canada now owns 8,124 shares of the financial services provider’s stock valued at $201,000 after buying an additional 428 shares during the last quarter. UBS Group AG lifted its holdings in First Business Financial Services by 44.3% in the 1st quarter. UBS Group AG now owns 2,103 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 646 shares during the last quarter. BHZ Capital Management LP lifted its holdings in First Business Financial Services by 0.6% in the 1st quarter. BHZ Capital Management LP now owns 137,955 shares of the financial services provider’s stock worth $3,412,000 after purchasing an additional 845 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in First Business Financial Services by 2.4% in the 1st quarter. Bank of New York Mellon Corp now owns 42,571 shares of the financial services provider’s stock worth $1,052,000 after purchasing an additional 986 shares during the last quarter. Finally, First Business Financial Services Inc. lifted its holdings in First Business Financial Services by 0.3% in the 1st quarter. First Business Financial Services Inc. now owns 345,765 shares of the financial services provider’s stock worth $8,551,000 after purchasing an additional 1,147 shares during the last quarter. Institutional investors and hedge funds own 65.06% of the company’s stock.

Shares of FBIZ opened at $27.10 on Friday. The stock’s fifty day moving average price is $26.19. First Business Financial Services has a 12-month low of $13.66 and a 12-month high of $28.61. The company has a market capitalization of $232.22 million, a PE ratio of 10.00 and a beta of 1.08. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.21 and a quick ratio of 1.20.

The company also recently declared a quarterly dividend, which was paid on Monday, May 24th. Stockholders of record on Monday, May 10th were issued a dividend of $0.18 per share. The ex-dividend date was Friday, May 7th. This represents a $0.72 annualized dividend and a dividend yield of 2.66%. First Business Financial Services’s dividend payout ratio is 36.55%.

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 offers deposit products, such as non-interest-bearing transaction accounts, interest-bearing transaction accounts, money market accounts, time deposits, and certificates of deposit, as well as credit cards.

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

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