$22.79 Million in Sales Expected for First Business Financial Services Inc (NASDAQ:FBIZ) This Quarter

Brokerages expect First Business Financial Services Inc (NASDAQ:FBIZ) to announce sales of $22.79 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for First Business Financial Services’ earnings, with estimates ranging from $22.70 million to $22.87 million. First Business Financial Services posted sales of $21.76 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.7%. The business is expected to announce its next earnings results on Thursday, January 23rd.

On average, analysts expect that First Business Financial Services will report full year sales of $90.25 million for the current fiscal year, with estimates ranging from $90.00 million to $90.49 million. For the next year, analysts forecast that the company will report sales of $94.97 million, with estimates ranging from $94.93 million to $95.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for First Business Financial Services.

First Business Financial Services (NASDAQ:FBIZ) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07. First Business Financial Services had a net margin of 17.75% and a return on equity of 11.60%. The firm had revenue of $22.57 million for the quarter, compared to analysts’ expectations of $22.80 million.

Several research analysts have recently commented on FBIZ shares. Zacks Investment Research lowered First Business Financial Services from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. ValuEngine lowered First Business Financial Services from a “hold” rating to a “sell” rating in a report on Thursday, August 8th.

First Business Financial Services stock traded down $0.09 during trading on Thursday, reaching $24.63. The company had a trading volume of 9,000 shares, compared to its average volume of 14,324. First Business Financial Services has a 1-year low of $18.76 and a 1-year high of $25.92. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.17 and a current ratio of 1.18. The firm’s 50-day simple moving average is $24.34 and its 200 day simple moving average is $23.59. The firm has a market capitalization of $212.50 million, a PE ratio of 13.24 and a beta of 0.82.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, November 4th will be issued a $0.15 dividend. The ex-dividend date is Friday, November 1st. This represents a $0.60 annualized dividend and a yield of 2.44%. First Business Financial Services’s dividend payout ratio (DPR) is currently 32.26%.

In related news, insider Michael J. Losenegger sold 1,500 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $24.02, for a total value of $36,030.00. Following the sale, the insider now directly owns 29,924 shares in the company, valued at approximately $718,774.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.30% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its stake in First Business Financial Services by 1.1% during the second quarter. Bank of New York Mellon Corp now owns 48,403 shares of the financial services provider’s stock worth $1,137,000 after purchasing an additional 541 shares during the period. Bank of Montreal Can increased its stake in First Business Financial Services by 6.8% during the second quarter. Bank of Montreal Can now owns 13,636 shares of the financial services provider’s stock worth $320,000 after purchasing an additional 867 shares during the period. JPMorgan Chase & Co. increased its stake in First Business Financial Services by 1.1% during the second quarter. JPMorgan Chase & Co. now owns 90,400 shares of the financial services provider’s stock worth $2,125,000 after purchasing an additional 955 shares during the period. Charles Schwab Investment Management Inc. increased its stake in First Business Financial Services by 5.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 20,040 shares of the financial services provider’s stock worth $471,000 after purchasing an additional 1,031 shares during the period. Finally, Rhumbline Advisers increased its stake in First Business Financial Services by 9.7% during the third quarter. Rhumbline Advisers now owns 12,656 shares of the financial services provider’s stock worth $305,000 after purchasing an additional 1,122 shares during the period. Hedge funds and other institutional investors own 64.83% of the company’s stock.

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. 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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Earnings History and Estimates for First Business Financial Services (NASDAQ:FBIZ)

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