First Business Financial Services (NASDAQ:FBIZ) Issues Quarterly Earnings Results, Misses Expectations By $0.09 EPS

First Business Financial Services (NASDAQ:FBIZ) released its earnings results on Friday. The financial services provider reported $1.04 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.09), Yahoo Finance reports. The business had revenue of $62.54 million for the quarter, compared to analyst estimates of $37.47 million. First Business Financial Services had a net margin of 15.48% and a return on equity of 13.72%.

First Business Financial Services Stock Down 3.0 %

Shares of FBIZ traded down $1.04 during mid-day trading on Monday, hitting $33.20. 13,697 shares of the company’s stock were exchanged, compared to its average volume of 13,439. The firm has a fifty day moving average of $34.77 and a two-hundred day moving average of $35.12. First Business Financial Services has a twelve month low of $24.57 and a twelve month high of $41.03. The stock has a market cap of $275.89 million, a price-to-earnings ratio of 7.65 and a beta of 0.78. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.19.

Analysts Set New Price Targets

Several equities research analysts recently commented on FBIZ shares. Piper Sandler restated an “overweight” rating and issued a $44.00 price target on shares of First Business Financial Services in a research report on Monday, March 18th. Raymond James upped their price objective on shares of First Business Financial Services from $40.00 to $46.00 and gave the company an “outperform” rating in a research note on Monday, January 29th.

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 in Wisconsin, Kansas, and Missouri.