Brokerages expect that First Business Financial Services Inc (NASDAQ:FBIZ) will announce $0.50 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for First Business Financial Services’ earnings, with estimates ranging from $0.48 to $0.52. First Business Financial Services reported earnings of $0.30 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 66.7%. The firm is expected to announce its next earnings results on Thursday, October 25th.

According to Zacks, analysts expect that First Business Financial Services will report full-year earnings of $1.82 per share for the current financial year, with EPS estimates ranging from $1.77 to $1.88. For the next fiscal year, analysts forecast that the business will report earnings of $2.11 per share, with EPS estimates ranging from $2.05 to $2.18. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow First Business Financial Services.

First Business Financial Services (NASDAQ:FBIZ) last announced its quarterly earnings data on Thursday, July 26th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.08). The firm had revenue of $20.91 million during the quarter, compared to the consensus estimate of $20.60 million. First Business Financial Services had a return on equity of 7.94% and a net margin of 13.86%.

A number of analysts have weighed in on FBIZ shares. ValuEngine lowered First Business Financial Services from a “buy” rating to a “hold” rating in a report on Saturday, June 2nd. Sandler O’Neill set a $28.00 target price on First Business Financial Services and gave the stock a “buy” rating in a report on Friday, July 27th. Zacks Investment Research lowered First Business Financial Services from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. Finally, DA Davidson upgraded First Business Financial Services from a “neutral” rating to a “buy” rating and set a $27.00 target price for the company in a report on Tuesday, August 28th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $27.00.

In other First Business Financial Services news, insider Daniel Ovokaitys sold 1,379 shares of the company’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $21.86, for a total transaction of $30,144.94. Following the completion of the sale, the insider now owns 4,273 shares in the company, valued at $93,407.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 6.20% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of FBIZ. SG Americas Securities LLC purchased a new stake in shares of First Business Financial Services during the 1st quarter valued at $126,000. Acadian Asset Management LLC purchased a new stake in shares of First Business Financial Services during the 2nd quarter valued at $204,000. Rhumbline Advisers purchased a new stake in shares of First Business Financial Services during the 2nd quarter valued at $209,000. Macquarie Group Ltd. purchased a new stake in shares of First Business Financial Services during the 2nd quarter valued at $222,000. Finally, Zacks Investment Management purchased a new stake in shares of First Business Financial Services during the 2nd quarter valued at $315,000. Hedge funds and other institutional investors own 62.65% of the company’s stock.

First Business Financial Services stock opened at $23.14 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.23 and a debt-to-equity ratio of 2.16. The firm has a market cap of $204.29 million, a price-to-earnings ratio of 17.14, a P/E/G ratio of 1.60 and a beta of 0.76. First Business Financial Services has a twelve month low of $20.76 and a twelve month high of $26.95.

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's deposit products include non-interest-bearing transaction accounts, interest-bearing transaction accounts, money market accounts, and time deposits, as well as certificates of deposit.

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

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