Wall Street analysts predict that First Business Financial Services Inc (NASDAQ:FBIZ) will announce $0.47 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for First Business Financial Services’ earnings. The lowest EPS estimate is $0.45 and the highest is $0.51. First Business Financial Services reported earnings of $0.38 per share during the same quarter last year, which indicates a positive year over year growth rate of 23.7%. The firm is scheduled to report its next 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 financial year, with EPS estimates ranging from $2.20 to $2.40. For the next financial year, analysts forecast that the firm will report earnings of $2.26 per share, with EPS estimates ranging from $2.20 to $2.33. Zacks Investment Research’s EPS averages 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 released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.22. First Business Financial Services had a net margin of 16.22% and a return on equity of 10.35%. The company had revenue of $22.39 million during the quarter, compared to the consensus estimate of $21.43 million.

FBIZ has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Hallmark Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday. TheStreet downgraded shares of Upland Software from a “b-” rating to a “c+” rating in a research note on Wednesday, July 10th. DA Davidson decreased their price target on shares of Carter’s to $91.00 and set an “average” rating for the company in a research note on Tuesday, July 9th. Finally, ValuEngine downgraded shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $27.00.

In related news, Director William Kent Lorenz sold 2,000 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $23.10, for a total value of $46,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Barbara Mccarty Conley sold 5,000 shares of the 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 completion of the transaction, the general counsel now directly owns 31,161 shares of the company’s stock, valued at $722,623.59. The disclosure for this sale can be found here. 5.30% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Cutler Capital Management LLC raised its position in First Business Financial Services by 5.0% in the 4th quarter. Cutler Capital Management LLC now owns 52,500 shares of the financial services provider’s stock valued at $1,024,000 after purchasing an additional 2,500 shares during the last quarter. Rhumbline Advisers bought a new position in First Business Financial Services in the 4th quarter valued at $221,000. Prudential Financial Inc. raised its position in First Business Financial Services by 3.8% in the 4th quarter. Prudential Financial Inc. now owns 24,030 shares of the financial services provider’s stock valued at $469,000 after purchasing an additional 890 shares during the last quarter. BlackRock Inc. raised its position in First Business Financial Services by 3.5% in the 4th quarter. BlackRock Inc. now owns 456,005 shares of the financial services provider’s stock valued at $8,897,000 after purchasing an additional 15,471 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in First Business Financial Services by 7.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 354,548 shares of the financial services provider’s stock valued at $6,917,000 after purchasing an additional 25,757 shares during the last quarter. Institutional investors and hedge funds own 62.64% of the company’s stock.

FBIZ stock traded down $0.30 during trading on Monday, reaching $22.59. The company had a trading volume of 13,808 shares, compared to its average volume of 15,920. First Business Financial Services has a 52 week low of $18.76 and a 52 week high of $25.22. The stock has a market cap of $200.31 million, a P/E ratio of 12.15, a P/E/G ratio of 1.26 and a beta of 0.85. The business’s 50 day moving average price is $23.62. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.13 and a current ratio of 1.13.

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.

Read More: Trade Deficit

Get a free copy of the Zacks research report on First Business Financial Services (FBIZ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for First Business Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Business Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.