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

First Business Financial Services (NASDAQ:FBIZ) is projected to issue its quarterly earnings data 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. Parties that wish to register for the company’s conference call can do so using this link.

First Business Financial Services (NASDAQ:FBIZ) last posted its earnings results on Thursday, October 24th. The financial services provider reported $1.24 EPS for the quarter, beating the consensus estimate of $1.20 by $0.04. The company had revenue of $66.39 million during the quarter, compared to analyst estimates of $38.80 million. First Business Financial Services had a return on equity of 13.70% and a net margin of 15.46%. During the same period in the prior year, the company 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 %

Shares of NASDAQ FBIZ opened at $46.59 on Thursday. First Business Financial Services has a 12-month low of $32.56 and a 12-month high of $52.22. The company has a market cap of $386.70 million, a price-to-earnings ratio of 10.00 and a beta of 0.87. The company has a current ratio of 1.09, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16. The stock’s 50 day simple moving average is $47.71 and its 200 day simple moving average is $44.90.

First Business Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Thursday, November 7th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend was Thursday, November 7th. First Business Financial Services’s payout ratio is 21.46%.

Insider Buying and Selling

In other news, CEO James Edward Hartlieb sold 6,344 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $43.15, for a total value of $273,743.60. Following the sale, the chief executive officer now owns 28,162 shares of the company’s stock, valued at approximately $1,215,190.30. The trade was a 18.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Corey A. Chambas sold 40,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $48.81, for a total value of $1,952,400.00. Following the completion of the sale, the chief executive officer now owns 112,750 shares of the company’s stock, valued at approximately $5,503,327.50. This trade represents a 26.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,344 shares of company stock valued at $2,275,144 over the last 90 days. 6.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

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.