Analysts Anticipate First Business Financial Services Inc (FBIZ) Will Announce Quarterly Sales of $21.00 Million

Wall Street analysts expect First Business Financial Services Inc (NASDAQ:FBIZ) to announce sales of $21.00 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for First Business Financial Services’ earnings. The lowest sales estimate is $20.90 million and the highest is $21.10 million. First Business Financial Services posted sales of $19.22 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9.3%. The business is scheduled to issue its next earnings results on Thursday, October 25th.

On average, analysts expect that First Business Financial Services will report full-year sales of $84.23 million for the current year, with estimates ranging from $84.10 million to $84.50 million. For the next year, analysts anticipate that the company will post sales of $88.43 million per share, with estimates ranging from $87.90 million to $88.90 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for First Business Financial Services.

First Business Financial Services (NASDAQ:FBIZ) last released its earnings results on Thursday, July 26th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.08). The business had revenue of $20.91 million for the quarter, compared to analyst estimates of $20.60 million. First Business Financial Services had a return on equity of 7.94% and a net margin of 13.86%.



A number of equities research analysts have issued reports on FBIZ shares. Sandler O’Neill upgraded shares of First Business Financial Services from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Friday, April 27th. ValuEngine downgraded shares of First Business Financial Services from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Zacks Investment Research downgraded shares of First Business Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, May 4th. Finally, DA Davidson increased their price objective on shares of First Business Financial Services from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, May 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. First Business Financial Services has a consensus rating of “Hold” and an average target price of $27.00.

First Business Financial Services traded down $0.13, reaching $23.03, during mid-day trading on Friday, MarketBeat.com reports. 7,675 shares of the company’s stock were exchanged, compared to its average volume of 7,736. The firm has a market cap of $202.88 million, a PE ratio of 14.94, a price-to-earnings-growth ratio of 1.59 and a beta of 0.79. First Business Financial Services has a twelve month low of $20.57 and a twelve month high of $26.95. The company has a quick ratio of 1.22, a current ratio of 1.23 and a debt-to-equity ratio of 2.16.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 16th. Shareholders of record on Monday, August 6th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, August 3rd. First Business Financial Services’s dividend payout ratio is presently 41.48%.

Several large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its position in shares of First Business Financial Services by 5.1% in the 4th quarter. Bank of New York Mellon Corp now owns 50,312 shares of the financial services provider’s stock valued at $1,113,000 after purchasing an additional 2,431 shares during the last quarter. Deutsche Bank AG increased its position in shares of First Business Financial Services by 8.7% in the 4th quarter. Deutsche Bank AG now owns 39,466 shares of the financial services provider’s stock valued at $870,000 after purchasing an additional 3,153 shares during the last quarter. BlackRock Inc. grew its position in shares of First Business Financial Services by 0.8% in the 4th quarter. BlackRock Inc. now owns 417,491 shares of the financial services provider’s stock valued at $9,236,000 after buying an additional 3,455 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of First Business Financial Services by 0.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 502,866 shares of the financial services provider’s stock valued at $12,652,000 after buying an additional 3,645 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of First Business Financial Services by 8.4% in the 4th quarter. Wells Fargo & Company MN now owns 49,192 shares of the financial services provider’s stock valued at $1,088,000 after buying an additional 3,797 shares during the last quarter. 63.36% of the stock is currently owned by institutional investors.

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. The company's deposit products include non-interest-bearing transaction accounts, interest-bearing transaction accounts, money market accounts, and time deposits, as well as certificates of deposit.

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