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

First Business Financial Services (NASDAQ:FBIZ) is scheduled to issue its earnings data after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $1.20 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

First Business Financial Services (NASDAQ:FBIZ) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.14. The firm had revenue of $65.34 million for the quarter, compared to analysts’ expectations of $36.73 million. First Business Financial Services had a net margin of 15.66% and a return on equity of 13.87%. 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 Stock Up 1.2 %

Shares of First Business Financial Services stock opened at $45.18 on Thursday. First Business Financial Services has a 1 year low of $28.35 and a 1 year high of $47.23. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.12. The company has a market cap of $374.50 million, a P/E ratio of 10.41 and a beta of 0.82. The stock has a 50-day moving average price of $43.45 and a 200 day moving average price of $38.73.

First Business Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Thursday, August 8th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Thursday, August 8th. First Business Financial Services’s dividend payout ratio is 23.04%.

Wall Street Analyst Weigh In

FBIZ has been the subject of several recent analyst reports. DA Davidson raised shares of First Business Financial Services from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $36.00 to $50.00 in a report on Monday, August 5th. Piper Sandler lifted their target price on First Business Financial Services from $44.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $51.00 price target (up previously from $48.00) on shares of First Business Financial Services in a report on Monday, July 29th. Finally, StockNews.com raised shares of First Business Financial Services from a “hold” rating to a “buy” rating in a research note on Thursday, October 10th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, First Business Financial Services presently has a consensus rating of “Buy” and a consensus price target of $50.75.

First Business Financial Services Company Profile

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.