First Business Financial Services (FBIZ) Expected to Announce Earnings on Thursday

First Business Financial Services (NASDAQ:FBIZ) is expected to release its earnings data after the market closes on Thursday, April 24th. Analysts expect First Business Financial Services to post earnings of $1.29 per share and revenue of $40.13 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

First Business Financial Services (NASDAQ:FBIZ) last announced its earnings results on Thursday, January 30th. The financial services provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.16. First Business Financial Services had a return on equity of 14.33% and a net margin of 16.86%. On average, analysts expect First Business Financial Services to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

First Business Financial Services Trading Up 1.5 %

First Business Financial Services stock opened at $46.46 on Thursday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.09. The stock has a market cap of $385.66 million, a PE ratio of 8.90 and a beta of 0.67. The stock has a 50-day moving average of $49.09 and a two-hundred day moving average of $47.80. First Business Financial Services has a one year low of $32.56 and a one year high of $56.46.

First Business Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.29 dividend. This is a positive change from First Business Financial Services’s previous quarterly dividend of $0.25. This represents a $1.16 annualized dividend and a dividend yield of 2.50%. The ex-dividend date was Friday, February 14th. First Business Financial Services’s dividend payout ratio (DPR) is presently 22.22%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. StockNews.com upgraded shares of First Business Financial Services from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods raised their target price on First Business Financial Services from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Raymond James lifted their price target on First Business Financial Services from $52.00 to $62.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Finally, Piper Sandler increased their price objective on First Business Financial Services from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $58.75.

Insider Buying and Selling

In other First Business Financial Services news, insider Daniel Ovokaitys sold 4,828 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $54.55, for a total transaction of $263,367.40. Following the sale, the insider now directly owns 7,718 shares of the company’s stock, valued at approximately $421,016.90. This trade represents a 38.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.10% of the stock is currently owned by corporate insiders.

About First Business Financial Services

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 in Wisconsin, Kansas, and Missouri.