Brokerages Anticipate First Business Financial Services Inc (FBIZ) Will Post Earnings of $0.47 Per Share

Equities research analysts predict that First Business Financial Services Inc (NASDAQ:FBIZ) will post $0.47 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for First Business Financial Services’ earnings. The lowest EPS estimate is $0.45 and the highest is $0.51. First Business Financial Services posted earnings per share of $0.38 in the same quarter last year, which would indicate a positive year-over-year growth rate of 23.7%. The business is expected to issue its next quarterly earnings report on Thursday, July 25th.

On average, analysts expect that First Business Financial Services will report full year earnings of $2.27 per share for the current fiscal year, with EPS estimates ranging from $2.20 to $2.40. For the next financial year, analysts anticipate that the company will report earnings of $2.26 per share, with EPS estimates ranging from $2.20 to $2.33. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover First Business Financial Services.

First Business Financial Services (NASDAQ:FBIZ) last released its earnings results on Thursday, April 25th. The financial services provider reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.22. The company had revenue of $22.39 million for the quarter, compared to the consensus estimate of $21.43 million. First Business Financial Services had a return on equity of 10.35% and a net margin of 16.22%.

A number of equities research analysts have commented on FBIZ shares. ValuEngine cut First Business Financial Services from a “hold” rating to a “sell” rating in a report on Friday, March 15th. Zacks Investment Research cut First Business Financial Services from a “buy” rating to a “hold” rating in a report on Friday, January 25th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $27.00.

In other First Business Financial Services news, General Counsel Barbara Mccarty Conley sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $23.19, for a total transaction of $115,950.00. Following the sale, the general counsel now directly owns 31,161 shares of the company’s stock, valued at $722,623.59. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.30% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of FBIZ. BNP Paribas Arbitrage SA increased its holdings in shares of First Business Financial Services by 576.3% in the first quarter. BNP Paribas Arbitrage SA now owns 1,738 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 1,481 shares during the last quarter. Rhumbline Advisers bought a new stake in shares of First Business Financial Services in the fourth quarter worth about $221,000. Wedge Capital Management L L P NC increased its holdings in shares of First Business Financial Services by 23.9% in the first quarter. Wedge Capital Management L L P NC now owns 17,856 shares of the financial services provider’s stock worth $357,000 after purchasing an additional 3,443 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of First Business Financial Services by 3.8% in the fourth quarter. Prudential Financial Inc. now owns 24,030 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 890 shares during the last quarter. Finally, Martingale Asset Management L P increased its holdings in shares of First Business Financial Services by 4.4% in the first quarter. Martingale Asset Management L P now owns 47,313 shares of the financial services provider’s stock worth $948,000 after purchasing an additional 2,000 shares during the last quarter. 63.27% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:FBIZ opened at $24.11 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.51. The stock has a market cap of $209.94 million, a price-to-earnings ratio of 12.96, a price-to-earnings-growth ratio of 1.35 and a beta of 0.94. First Business Financial Services has a 52 week low of $18.76 and a 52 week high of $26.83.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, May 6th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, May 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 2.49%. First Business Financial Services’s dividend payout ratio is presently 32.26%.

First Business Financial Services Company Profile

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.

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