First Business Financial Services Inc (NASDAQ:FBIZ) – Stock analysts at FIG Partners decreased their FY2018 EPS estimates for shares of First Business Financial Services in a note issued to investors on Tuesday, November 6th. FIG Partners analyst B. Martin now expects that the financial services provider will earn $1.86 per share for the year, down from their prior forecast of $1.89. FIG Partners also issued estimates for First Business Financial Services’ Q2 2019 earnings at $0.48 EPS, Q3 2019 earnings at $0.56 EPS, Q4 2019 earnings at $0.57 EPS and FY2019 earnings at $2.05 EPS.
First Business Financial Services (NASDAQ:FBIZ) last issued its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.10. First Business Financial Services had a return on equity of 9.38% and a net margin of 15.76%. The firm had revenue of $21.97 million for the quarter, compared to analyst estimates of $21.00 million.
Shares of FBIZ opened at $20.24 on Friday. First Business Financial Services has a 12-month low of $19.55 and a 12-month high of $26.95. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market cap of $180.79 million, a P/E ratio of 14.99, a PEG ratio of 1.36 and a beta of 0.81.
Several hedge funds have recently added to or reduced their stakes in FBIZ. M3F Inc. grew its stake in shares of First Business Financial Services by 36.4% in the 3rd quarter. M3F Inc. now owns 188,009 shares of the financial services provider’s stock valued at $4,358,000 after purchasing an additional 50,155 shares during the period. Renaissance Technologies LLC grew its stake in shares of First Business Financial Services by 23.7% in the 2nd quarter. Renaissance Technologies LLC now owns 205,905 shares of the financial services provider’s stock valued at $5,354,000 after purchasing an additional 39,505 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of First Business Financial Services by 8.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 306,047 shares of the financial services provider’s stock valued at $7,957,000 after purchasing an additional 23,834 shares during the period. Millennium Management LLC bought a new stake in shares of First Business Financial Services in the 2nd quarter valued at approximately $580,000. Finally, BlackRock Inc. grew its stake in shares of First Business Financial Services by 5.0% in the 2nd quarter. BlackRock Inc. now owns 437,397 shares of the financial services provider’s stock valued at $11,371,000 after purchasing an additional 20,977 shares during the period. Institutional investors own 62.53% of the company’s stock.
In other news, insider Daniel Ovokaitys sold 1,379 shares of the company’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $21.86, for a total value of $30,144.94. Following the sale, the insider now directly owns 4,273 shares in the company, valued at approximately $93,407.78. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 6.20% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Monday, November 5th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, November 2nd. This represents a $0.56 annualized dividend and a dividend yield of 2.77%. First Business Financial Services’s dividend payout ratio is currently 41.48%.
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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