First Business Financial Services (NASDAQ:FBIZ) Issues Earnings Results

First Business Financial Services (NASDAQ:FBIZGet Rating) issued its quarterly earnings results on Thursday. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.11, MarketWatch Earnings reports. First Business Financial Services had a return on equity of 16.00% and a net margin of 28.81%.

FBIZ opened at $34.67 on Friday. The firm has a market cap of $292.27 million, a PE ratio of 8.56 and a beta of 0.81. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.78. The business has a fifty day simple moving average of $32.88 and a 200-day simple moving average of $31.26. First Business Financial Services has a fifty-two week low of $25.50 and a fifty-two week high of $35.27.

Several equities research analysts have recently weighed in on the company. StockNews.com assumed coverage on First Business Financial Services in a research note on Thursday, March 31st. They set a “buy” rating for the company. Zacks Investment Research lowered First Business Financial Services from a “hold” rating to a “sell” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $33.50.

In other First Business Financial Services news, Director Carla C. Chavarria purchased 755 shares of the stock in a transaction dated Thursday, April 14th. The shares were acquired at an average price of $33.27 per share, for a total transaction of $25,118.85. Following the completion of the acquisition, the director now owns 3,966 shares of the company’s stock, valued at approximately $131,948.82. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.10% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its holdings in shares of 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 valued at $10,080,000 after purchasing an additional 25,190 shares during the period. Alliancebernstein L.P. increased its holdings in shares of First Business Financial Services by 2.2% in the 4th quarter. Alliancebernstein L.P. now owns 132,590 shares of the financial services provider’s stock valued at $3,868,000 after purchasing an additional 2,884 shares during the period. BlackRock Inc. increased its holdings in shares of First Business Financial Services by 9.1% in the 4th quarter. BlackRock Inc. now owns 121,418 shares of the financial services provider’s stock valued at $3,541,000 after purchasing an additional 10,174 shares during the period. Millennium Management LLC increased its holdings in shares of First Business Financial Services by 8.6% in the 4th quarter. Millennium Management LLC now owns 99,154 shares of the financial services provider’s stock valued at $2,892,000 after purchasing an additional 7,821 shares during the period. Finally, Susquehanna International Group LLP increased its holdings in shares of First Business Financial Services by 47.9% in the 4th quarter. Susquehanna International Group LLP now owns 23,657 shares of the financial services provider’s stock valued at $690,000 after purchasing an additional 7,663 shares during the period. Institutional investors own 58.29% of the company’s stock.

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 for First Business Financial Services (NASDAQ:FBIZ)

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