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First Business Financial Services (NASDAQ:FBIZ) Releases Earnings Results, Beats


First Business Financial Services (NASDAQ:FBIZ) released its earnings results on Thursday. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08, MarketWatch Earnings reports. First Business Financial Services had a return on equity of 15.33% and a net margin of 26.49%.

Shares of FBIZ stock traded up $1.64 during midday trading on Friday, reaching $32.35. 153 shares of the stock were exchanged, compared to its average volume of 14,012. First Business Financial Services has a 1 year low of $18.20 and a 1 year high of $33.39. The company’s 50 day moving average is $29.55 and its two-hundred day moving average is $28.73. The company has a current ratio of 1.18, a quick ratio of 1.17 and a debt-to-equity ratio of 1.79. The firm has a market cap of $271.42 million, a PE ratio of 8.56 and a beta of 0.93.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 18th. Shareholders of record on Monday, November 8th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, November 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.23%. First Business Financial Services’s dividend payout ratio (DPR) is 18.70%.

A number of research firms have commented on FBIZ. DA Davidson reaffirmed a “neutral” rating on shares of First Business Financial Services in a research report on Monday, November 1st. Raymond James upped their price target on First Business Financial Services from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Tuesday, November 2nd. Finally, Zacks Investment Research raised First Business Financial Services from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research report on Wednesday, January 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $29.25.

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An institutional investor recently raised its position in First Business Financial Services stock. Morgan Stanley grew its position in shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) by 47.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 18,391 shares of the financial services provider’s stock after acquiring an additional 5,926 shares during the period. Morgan Stanley owned about 0.22% of First Business Financial Services worth $528,000 at the end of the most recent quarter. Institutional investors own 59.81% of the company’s stock.

First Business Financial Services Company Profile

First Business Financial Services, Inc operates as a bank holding company, which engages in the provision of commercial banking services. It offers treasury and investment management, commercial lending, equipment finance, retirement plans, trust and estate administration, private banking and asset-based lending.

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Earnings History for First Business Financial Services (NASDAQ:FBIZ)

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