Zacks: Analysts Anticipate First Business Financial Services, Inc. (NASDAQ:FBIZ) to Announce $0.91 Earnings Per Share

Wall Street brokerages forecast that First Business Financial Services, Inc. (NASDAQ:FBIZGet Rating) will report earnings of $0.91 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for First Business Financial Services’ earnings, with the highest EPS estimate coming in at $0.96 and the lowest estimate coming in at $0.87. First Business Financial Services reported earnings of $1.12 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 18.8%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that First Business Financial Services will report full-year earnings of $3.68 per share for the current financial year, with EPS estimates ranging from $3.50 to $3.90. For the next year, analysts anticipate that the company will report earnings of $3.89 per share, with EPS estimates ranging from $3.70 to $4.05. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow First Business Financial Services.

First Business Financial Services (NASDAQ:FBIZGet Rating) last released its earnings results on Thursday, January 27th. The financial services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.10. The company had revenue of $28.49 million during the quarter, compared to analysts’ expectations of $28.67 million. First Business Financial Services had a net margin of 28.81% and a return on equity of 16.00%.

Several brokerages have commented on FBIZ. StockNews.com began coverage on shares of First Business Financial Services in a research note on Thursday, March 31st. They set a “buy” rating for the company. Zacks Investment Research upgraded shares of First Business Financial Services from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Wednesday, January 5th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $33.50.

FBIZ stock traded up $0.72 during trading on Tuesday, reaching $32.81. The company had a trading volume of 21,062 shares, compared to its average volume of 16,787. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.17 and a current ratio of 1.17. First Business Financial Services has a twelve month low of $23.75 and a twelve month high of $34.22. The business has a 50-day simple moving average of $32.78. The firm has a market cap of $276.46 million, a P/E ratio of 7.91 and a beta of 0.81.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 17th. Shareholders of record on Monday, February 7th were paid a dividend of $0.1975 per share. This represents a $0.79 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Friday, February 4th. First Business Financial Services’s payout ratio is 19.04%.

Several large investors have recently bought and sold shares of FBIZ. River Oaks Capital LLC purchased a new position in shares of First Business Financial Services during the 4th quarter valued at approximately $3,525,000. Fourthstone LLC increased its holdings in First Business Financial Services by 25.0% in the 3rd quarter. Fourthstone LLC now owns 187,342 shares of the financial services provider’s stock worth $5,379,000 after acquiring an additional 37,410 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in First Business Financial Services by 7.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 345,558 shares of the financial services provider’s stock worth $10,080,000 after acquiring an additional 25,190 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in First Business Financial Services by 90.0% in the 3rd quarter. Goldman Sachs Group Inc. now owns 50,739 shares of the financial services provider’s stock worth $1,457,000 after acquiring an additional 24,034 shares in the last quarter. Finally, Gator Capital Management LLC purchased a new stake in First Business Financial Services in the 4th quarter worth $694,000. 58.29% of the stock is owned by hedge funds and other institutional investors.

First Business Financial Services Company Profile (Get Rating)

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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