$28.30 Million in Sales Expected for First Business Financial Services, Inc. (NASDAQ:FBIZ) This Quarter

Wall Street brokerages predict that First Business Financial Services, Inc. (NASDAQ:FBIZGet Rating) will post $28.30 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for First Business Financial Services’ earnings, with the lowest sales estimate coming in at $28.00 million and the highest estimate coming in at $28.60 million. First Business Financial Services posted sales of $28.06 million in the same quarter last year, which would indicate a positive year over year growth rate of 0.9%. The business is expected 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 sales of $117.40 million for the current year, with estimates ranging from $116.00 million to $118.80 million. For the next fiscal year, analysts expect that the company will report sales of $129.25 million, with estimates ranging from $128.00 million to $130.50 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow First Business Financial Services.

First Business Financial Services (NASDAQ:FBIZGet Rating) last posted its quarterly earnings results on Thursday, January 27th. The financial services provider reported $1.01 EPS for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.10. The firm had revenue of $28.49 million for 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%.

A number of research firms have recently commented on FBIZ. Zacks Investment Research cut shares of First Business Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, April 12th. StockNews.com began coverage on shares of First Business Financial Services in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, First Business Financial Services currently has a consensus rating of “Buy” and a consensus price target of $33.50.

NASDAQ FBIZ opened at $34.15 on Thursday. The company’s 50-day moving average price is $32.83 and its 200-day moving average price is $31.20. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.78. The stock has a market cap of $287.75 million, a PE ratio of 8.23 and a beta of 0.81. First Business Financial Services has a 12 month low of $24.50 and a 12 month high of $35.27.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 17th. Investors of record on Monday, February 7th were paid a $0.1975 dividend. This represents a $0.79 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Friday, February 4th. First Business Financial Services’s dividend payout ratio (DPR) is presently 19.04%.

Hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its position in shares of First Business Financial Services by 16.2% during the third quarter. American Century Companies Inc. now owns 17,880 shares of the financial services provider’s stock valued at $513,000 after buying an additional 2,490 shares during the last quarter. Fourthstone LLC lifted its position in shares of First Business Financial Services by 25.0% during the third quarter. Fourthstone LLC now owns 187,342 shares of the financial services provider’s stock valued at $5,379,000 after buying an additional 37,410 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of First Business Financial Services during the third quarter valued at about $234,000. Two Sigma Advisers LP purchased a new stake in shares of First Business Financial Services during the third quarter valued at about $459,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of First Business Financial Services by 21.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 28,637 shares of the financial services provider’s stock valued at $822,000 after buying an additional 5,059 shares during the last quarter. 58.29% of the stock is owned by institutional investors and hedge funds.

About First Business Financial Services (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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