Brokerages forecast that First Business Financial Services Inc (NASDAQ:FBIZ) will post $19.69 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for First Business Financial Services’ earnings, with the lowest sales estimate coming in at $19.60 million and the highest estimate coming in at $19.77 million. First Business Financial Services posted sales of $20.68 million in the same quarter last year, which suggests a negative year-over-year growth rate of 4.8%. The firm is scheduled to announce its next quarterly earnings results on Thursday, January 25th.

According to Zacks, analysts expect that First Business Financial Services will report full year sales of $19.69 million for the current financial year, with estimates ranging from $78.00 million to $78.16 million. For the next fiscal year, analysts anticipate that the company will report sales of $82.87 million per share, with estimates ranging from $82.10 million to $84.20 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 26th. The financial services provider reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.14). First Business Financial Services had a return on equity of 7.20% and a net margin of 12.63%. The company had revenue of $19.22 million during the quarter, compared to analysts’ expectations of $20.00 million.

A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of First Business Financial Services from a “strong sell” rating to a “hold” rating and set a $25.00 price target for the company in a research note on Monday, January 1st. TheStreet raised shares of First Business Financial Services from a “c+” rating to a “b-” rating in a research note on Tuesday, December 5th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of First Business Financial Services in a research note on Wednesday, November 1st. Finally, ValuEngine raised shares of First Business Financial Services from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st.

In other news, insider Charles H. Batson sold 2,300 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $21.10, for a total value of $48,530.00. Following the completion of the sale, the insider now owns 27,527 shares of the company’s stock, valued at approximately $580,819.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John J. Harris acquired 2,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was acquired at an average cost of $22.52 per share, with a total value of $45,040.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $225,200. The disclosure for this purchase can be found here. 8.30% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Rhumbline Advisers boosted its stake in shares of First Business Financial Services by 5.3% in the 2nd quarter. Rhumbline Advisers now owns 9,351 shares of the financial services provider’s stock valued at $216,000 after purchasing an additional 470 shares in the last quarter. Martingale Asset Management L P boosted its stake in shares of First Business Financial Services by 2.0% in the 2nd quarter. Martingale Asset Management L P now owns 46,715 shares of the financial services provider’s stock valued at $1,079,000 after purchasing an additional 900 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of First Business Financial Services by 7.4% in the 2nd quarter. Teachers Advisors LLC now owns 13,627 shares of the financial services provider’s stock valued at $315,000 after purchasing an additional 940 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of First Business Financial Services by 2.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 46,287 shares of the financial services provider’s stock valued at $1,068,000 after purchasing an additional 1,060 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of First Business Financial Services by 10.5% in the 2nd quarter. Prudential Financial Inc. now owns 18,870 shares of the financial services provider’s stock valued at $436,000 after purchasing an additional 1,800 shares in the last quarter. 58.93% of the stock is owned by institutional investors.

First Business Financial Services (FBIZ) traded up $0.19 during mid-day trading on Thursday, reaching $23.23. 4,395 shares of the company’s stock were exchanged, compared to its average volume of 16,208. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.07. First Business Financial Services has a fifty-two week low of $20.57 and a fifty-two week high of $28.43. The stock has a market cap of $203.49, a PE ratio of 16.96, a PEG ratio of 1.55 and a beta of 0.96.

ILLEGAL ACTIVITY WARNING: “Zacks: Analysts Expect First Business Financial Services Inc (FBIZ) Will Announce Quarterly Sales of $19.69 Million” was originally reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.watchlistnews.com/zacks-analysts-expect-first-business-financial-services-inc-fbiz-will-announce-quarterly-sales-of-19-69-million/1807430.html.

First Business Financial Services Company Profile

First Business Financial Services, Inc (FBFS) is a bank holding company. The Company engages in the commercial banking business through its bank subsidiaries, which include First Business Bank (FBB), First Business Bank-Milwaukee (FBB-Milwaukee) and Alterra Bank (Alterra) (FBB and FBB-Milwaukee and, together with FBB, the Banks).

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 Analyst Ratings Network's FREE daily email newsletter.