First Business Financial Services (FBIZ) to Release Quarterly Earnings on Thursday

First Business Financial Services (NASDAQ:FBIZ) will likely be announcing its earnings results after the market closes on Thursday, January 30th. Analysts expect the company to announce earnings of $1.27 per share and revenue of $39,300.00 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

First Business Financial Services (NASDAQ:FBIZ) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. First Business Financial Services had a net margin of 15.46% and a return on equity of 13.70%. The business had revenue of $66.39 million for the quarter, compared to analyst estimates of $38.80 million. During the same quarter in the previous year, the business earned $1.17 earnings per share. On average, analysts expect First Business Financial Services to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

First Business Financial Services Trading Down 0.8 %

First Business Financial Services stock opened at $46.59 on Thursday. First Business Financial Services has a 52 week low of $32.56 and a 52 week high of $52.22. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.09. The firm has a market capitalization of $386.70 million, a price-to-earnings ratio of 10.00 and a beta of 0.87. The company has a 50 day moving average price of $47.71 and a 200 day moving average price of $44.90.

First Business Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Thursday, November 7th were given a $0.25 dividend. The ex-dividend date was Thursday, November 7th. This represents a $1.00 annualized dividend and a dividend yield of 2.15%. First Business Financial Services’s dividend payout ratio (DPR) is presently 21.46%.

Insider Activity at First Business Financial Services

In other news, Director William Kent Lorenz sold 1,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $49.00, for a total transaction of $49,000.00. Following the transaction, the director now owns 8,341 shares in the company, valued at approximately $408,709. This trade represents a 10.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Corey A. Chambas sold 40,000 shares of First Business Financial Services stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $48.81, for a total transaction of $1,952,400.00. Following the completion of the sale, the chief executive officer now directly owns 112,750 shares of the company’s stock, valued at approximately $5,503,327.50. The trade was a 26.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,344 shares of company stock valued at $2,275,144. Insiders own 6.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. StockNews.com raised First Business Financial Services from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Piper Sandler dropped their target price on First Business Financial Services from $56.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods raised their price target on shares of First Business Financial Services from $53.00 to $58.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $51.75.

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 in Wisconsin, Kansas, and Missouri.