Wall Street analysts forecast that First Business Financial Services Inc (NASDAQ:FBIZ) will post earnings of $0.55 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for First Business Financial Services’ earnings, with the highest EPS estimate coming in at $0.56 and the lowest estimate coming in at $0.54. First Business Financial Services reported earnings per share of $0.46 during the same quarter last year, which would indicate a positive year-over-year growth rate of 19.6%. The firm is scheduled 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 financial year, with EPS estimates ranging from $2.57 to $2.62. For the next financial year, analysts expect that the firm will report earnings of $2.28 per share, with EPS estimates ranging from $2.25 to $2.34. Zacks Investment Research’s EPS averages are an average based on a survey of research firms 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, beating the consensus estimate of $0.52 by $0.07. First Business Financial Services had a return on equity of 11.60% and a net margin of 17.75%. The company had revenue of $22.57 million for the quarter, compared to analyst estimates of $22.80 million.
FBIZ stock traded down $0.09 during trading hours on Tuesday, reaching $24.63. 9,000 shares of the stock were exchanged, compared to its average volume of 14,324. The firm’s 50-day moving average is $24.34 and its 200-day moving average is $23.59. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 1.17. The company has a market cap of $212.50 million, a price-to-earnings ratio of 13.24 and a beta of 0.82. First Business Financial Services has a 12 month low of $18.76 and a 12 month high of $25.92.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 4th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, November 1st. This represents a $0.60 annualized dividend and a dividend yield of 2.44%. First Business Financial Services’s dividend payout ratio is presently 32.26%.
In other news, insider Michael J. Losenegger sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $24.02, for a total transaction of $36,030.00. Following the transaction, the insider now directly owns 29,924 shares of the company’s stock, valued at $718,774.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.30% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC increased its holdings in shares of First Business Financial Services by 60.1% during the second quarter. Acadian Asset Management LLC now owns 20,083 shares of the financial services provider’s stock worth $471,000 after purchasing an additional 7,542 shares during the period. Wakefield Asset Management LLLP bought a new position in shares of First Business Financial Services during the third quarter worth approximately $528,000. Charles Schwab Investment Management Inc. increased its stake in First Business Financial Services by 5.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 20,040 shares of the financial services provider’s stock valued at $471,000 after acquiring an additional 1,031 shares during the last quarter. Renaissance Technologies LLC increased its stake in First Business Financial Services by 7.3% in the second quarter. Renaissance Technologies LLC now owns 225,205 shares of the financial services provider’s stock valued at $5,292,000 after acquiring an additional 15,305 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in First Business Financial Services by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 48,403 shares of the financial services provider’s stock valued at $1,137,000 after acquiring an additional 541 shares during the last quarter. 64.83% of the stock is currently owned by institutional investors.
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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