First Business Financial Services Inc (NASDAQ:FBIZ) has been assigned an average recommendation of “Hold” from the six research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $27.50.
Several brokerages recently commented on FBIZ. Sandler O’Neill set a $28.00 price target on First Business Financial Services and gave the company a “buy” rating in a research note on Friday, July 27th. DA Davidson raised First Business Financial Services from a “neutral” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Tuesday, August 28th. They noted that the move was a valuation call. Zacks Investment Research cut First Business Financial Services from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. TheStreet lowered First Business Financial Services from a “b-” rating to a “c+” rating in a report on Thursday, October 25th. Finally, ValuEngine lowered First Business Financial Services from a “hold” rating to a “sell” rating in a report on Friday, October 19th.
In related news, insider Daniel Ovokaitys sold 1,379 shares of the business’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $21.86, for a total value of $30,144.94. Following the completion of the sale, the insider now directly owns 4,273 shares in the company, valued at approximately $93,407.78. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.20% of the stock is currently owned by insiders.
Shares of NASDAQ FBIZ opened at $20.68 on Tuesday. The company has a market capitalization of $176.17 million, a P/E ratio of 10.87, a PEG ratio of 1.36 and a beta of 0.76. First Business Financial Services has a 52 week low of $19.55 and a 52 week high of $26.95. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.23 and a quick ratio of 1.22.
First Business Financial Services (NASDAQ:FBIZ) last announced its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.10. The business had revenue of $21.97 million during the quarter, compared to analysts’ expectations of $21.00 million. First Business Financial Services had a return on equity of 9.47% and a net margin of 15.76%. As a group, equities analysts forecast that First Business Financial Services will post 1.85 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Monday, November 5th will be issued a $0.14 dividend. The ex-dividend date is Friday, November 2nd. This represents a $0.56 annualized dividend and a yield of 2.71%. First Business Financial Services’s dividend payout ratio (DPR) is currently 41.48%.
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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