First Business Financial Services, Inc. (NASDAQ:FBIZ) Expected to Post Quarterly Sales of $29.15 Million


Analysts expect First Business Financial Services, Inc. (NASDAQ: FBIZGet a rating) to announce revenue of $29.15 million for the current quarter, Zacks reports. Two analysts made earnings estimates for First Business Financial Services. The lowest sales estimate is $29.00 million and the highest is $29.30 million. First Business Financial Services reported sales of $27.97 million in the same quarter last year, suggesting a positive year-over-year growth rate of 4.2%. The company is expected to release its next earnings report on Monday, January 1.

On average, analysts expect First Business Financial Services to report revenue of $119.70 million in the current fiscal year, with estimates ranging from $119.40 to $120.00 million . For the next fiscal year, analysts expect the company to post sales of $132.65 million, with estimates ranging from $132.30 million to $133.00 million. Zacks sales averages are an average average based on a survey of sell-side analysts who cover First Business Financial Services.

First business financial services (NASDAQ: FBIZGet a rating) last released its quarterly earnings data on Thursday, April 28. The financial services provider reported earnings per share (EPS) of $1.02 for the quarter, beating the consensus estimate of $0.91 by $0.11. First Business Financial Services achieved a return on equity of 15.21% and a net margin of 27.82%. The company posted revenue of $28.81 million in the quarter, versus a consensus estimate of $28.30 million.

FBIZ has been the subject of a number of recent research reports. Zacks Investment Research downgraded First Business Financial Services from a “hold” to a “sell” rating in a Friday, April 29 research report. StockNews.com launched coverage on First Business Financial Services in a research note on Thursday, March 31. They set a “buy” rating for the company. One analyst rated the stock with a sell rating, one assigned a hold rating and two assigned the company a buy rating. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $33.50.

FBIZ Stock opened at $34.09 on Wednesday. The company has a market capitalization of $288.67 million, a P/E ratio of 8.42 and a beta of 0.72. First Business Financial Services has a 12-month low of $25.69 and a 12-month high of $35.92. The company has a quick ratio of 1.16, a current ratio of 1.17 and a debt ratio of 1.78. The company has a fifty-day moving average of $33.74 and a 200-day moving average of $32.04.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 19. Investors of record on Monday, May 9 received a dividend of $0.1975 per share. The ex-dividend date was Friday, May 6. This represents a dividend of $0.79 on an annualized basis and a dividend yield of 2.32%. First Business Financial Services’ dividend payout ratio (DPR) is currently 19.51%.

In other First Business Financial Services news, Director Carla C. Chavarria purchased 755 shares of the company in a trade on Thursday, April 14. The shares were purchased at an average cost of $33.27 per share, with a total value of $25,118.85. Following the completion of the purchase, the administrator now owns 3,966 shares of the company, valued at $131,948.82. The transaction was disclosed in a legal filing with the SEC, available at this hyperlink. 6.10% of the shares are held by insiders.

A number of large investors have recently bought and sold shares of FBIZ. Lazard Asset Management LLC acquired a new position in First Business Financial Services in the fourth quarter worth approximately $26,000. UBS Group AG acquired a new equity position in First Business Financial Services during the first quarter worth approximately $37,000. Hillsdale Investment Management Inc. increased its position in First Business Financial Services shares by 30.0% during the fourth quarter. Hillsdale Investment Management Inc. now owns 2,600 shares of the financial services provider worth $76,000 after purchasing an additional 600 shares during the period. Russell Investments Group Ltd. increased its position in First Business Financial Services shares by 105.5% during the fourth quarter. Russell Investments Group Ltd. now owns 3,905 shares of the financial services provider worth $113,000 after purchasing an additional 2,005 shares during the period. Finally, JPMorgan Chase & Co. acquired a new position in shares of First Business Financial Services during the fourth quarter worth approximately $140,000. 58.27% of the shares are held by hedge funds and other institutional investors.

About First Business Financial Services (Get a rating)

First Business Financial Services, Inc operates as a banking holding company for First Business Bank which provides commercial banking products and services to 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, term deposits and certificates of deposit, as well as credit cards.

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Earnings history and estimates for First Business Financial Services (NASDAQ:FBIZ)



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