First Business Financial Services (NASDAQ:FBIZ) Posts Quarterly Earnings Results

by · The Markets Daily

First Business Financial Services (NASDAQ:FBIZ – Get Free Report) issued its earnings results on Thursday. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.04, Zacks reports. First Business Financial Services had a net margin of 15.66% and a return on equity of 13.87%. The firm had revenue of $66.39 million for the quarter, compared to analysts’ expectations of $38.80 million. During the same quarter last year, the business earned $1.17 earnings per share.

First Business Financial Services Trading Down 4.3 %

NASDAQ:FBIZ traded down $1.93 during trading hours on Friday, hitting $42.89. The company had a trading volume of 22,879 shares, compared to its average volume of 15,361. The company has a market capitalization of $355.52 million, a PE ratio of 10.33 and a beta of 0.82. The stock has a 50-day moving average price of $43.92 and a 200 day moving average price of $39.10. First Business Financial Services has a 52 week low of $29.33 and a 52 week high of $47.23. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.08 and a quick ratio of 1.07.

First Business Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Thursday, August 8th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.33%. The ex-dividend date was Thursday, August 8th. First Business Financial Services’s dividend payout ratio (DPR) is currently 23.04%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Piper Sandler raised their target price on shares of First Business Financial Services from $44.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. DA Davidson upgraded shares of First Business Financial Services from a “neutral” rating to a “buy” rating and raised their target price for the stock from $36.00 to $50.00 in a report on Monday, August 5th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $51.00 target price (up previously from $48.00) on shares of First Business Financial Services in a report on Monday, July 29th. Finally, StockNews.com cut shares of First Business Financial Services from a “buy” rating to a “hold” rating in a report on Wednesday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.75.

Read Our Latest Analysis on First Business Financial Services

About First Business Financial Services

(Get Free Report)

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 in Wisconsin, Kansas, and Missouri.

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