Q2 2022 Earnings Forecast for First Business Financial Services, Inc. (NASDAQ:FBIZ) Issued By DA Davidson

First Business Financial Services, Inc. (NASDAQ:FBIZGet Rating) – Research analysts at DA Davidson issued their Q2 2022 EPS estimates for First Business Financial Services in a research note issued on Tuesday, May 3rd. DA Davidson analyst J. Rulis anticipates that the financial services provider will post earnings of $0.89 per share for the quarter.

Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research cut First Business Financial Services from a “hold” rating to a “sell” rating in a research note on Friday, April 29th. StockNews.com started coverage on First Business Financial Services in a research report on Thursday, March 31st. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $33.50.

FBIZ stock opened at $35.04 on Wednesday. The stock’s 50 day simple moving average is $32.96. The stock has a market capitalization of $295.39 million, a PE ratio of 8.65 and a beta of 0.71. First Business Financial Services has a fifty-two week low of $25.69 and a fifty-two week high of $35.27. 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 (NASDAQ:FBIZGet Rating) last announced its earnings results on Thursday, April 28th. The financial services provider reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.11. First Business Financial Services had a return on equity of 15.33% and a net margin of 27.82%.

Several institutional investors have recently bought and sold shares of FBIZ. River Oaks Capital LLC purchased a new stake in shares of First Business Financial Services in the fourth quarter valued at approximately $3,525,000. Fourthstone LLC boosted its stake in shares of First Business Financial Services by 25.0% in 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 in the last quarter. The Manufacturers Life Insurance Company boosted its position in First Business Financial Services by 7.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 345,558 shares of the financial services provider’s stock worth $10,080,000 after purchasing an additional 25,190 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in First Business Financial Services by 90.0% during the third quarter. Goldman Sachs Group Inc. now owns 50,739 shares of the financial services provider’s stock worth $1,457,000 after purchasing an additional 24,034 shares in the last quarter. Finally, Gator Capital Management LLC purchased a new stake in First Business Financial Services during the fourth quarter worth $694,000. Hedge funds and other institutional investors own 58.27% of the company’s stock.

In other First Business Financial Services news, Director Carla C. Chavarria purchased 755 shares of the firm’s stock in a transaction that occurred on Thursday, April 14th. The shares were purchased at an average cost of $33.27 per share, for a total transaction of $25,118.85. Following the completion of the purchase, the director now directly owns 3,966 shares in the company, valued at $131,948.82. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 6.10% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 19th. Stockholders of record on Monday, May 9th will be issued a $0.1975 dividend. This represents a $0.79 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Friday, May 6th. First Business Financial Services’s payout ratio is currently 19.51%.

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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