Equities research analysts expect First Business Financial Services Inc (NASDAQ:FBIZ) to announce earnings per share of $0.52 for the current quarter, according to Zacks. Three analysts have made estimates for First Business Financial Services’ earnings, with the highest EPS estimate coming in at $0.54 and the lowest estimate coming in at $0.51. First Business Financial Services reported earnings per share of $0.60 during the same quarter last year, which would suggest a negative year over year growth rate of 13.3%. The firm is expected to announce its next quarterly earnings report on Thursday, October 24th.
On average, analysts expect that First Business Financial Services will report full-year earnings of $2.44 per share for the current year, with EPS estimates ranging from $2.22 to $2.55. For the next year, analysts expect that the firm will post earnings of $2.29 per share, with EPS estimates ranging from $2.20 to $2.41. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for First Business Financial Services.
First Business Financial Services (NASDAQ:FBIZ) last released its earnings results on Thursday, July 25th. The financial services provider reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.28. First Business Financial Services had a net margin of 18.34% and a return on equity of 11.93%. The business had revenue of $22.66 million for the quarter, compared to analyst estimates of $22.03 million.
In other news, Director William Kent Lorenz sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $23.10, for a total transaction of $46,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.30% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its holdings in shares of First Business Financial Services by 576.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,738 shares of the financial services provider’s stock worth $35,000 after buying an additional 1,481 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of First Business Financial Services during the 2nd quarter worth approximately $118,000. Acadian Asset Management LLC increased its holdings in First Business Financial Services by 87.3% in the 1st quarter. Acadian Asset Management LLC now owns 12,541 shares of the financial services provider’s stock valued at $251,000 after purchasing an additional 5,847 shares during the last quarter. Bank of Montreal Can increased its holdings in First Business Financial Services by 6.8% in the 2nd quarter. Bank of Montreal Can now owns 13,636 shares of the financial services provider’s stock valued at $320,000 after purchasing an additional 867 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its holdings in First Business Financial Services by 23.9% in the 1st quarter. Wedge Capital Management L L P NC now owns 17,856 shares of the financial services provider’s stock valued at $357,000 after purchasing an additional 3,443 shares during the last quarter. Institutional investors and hedge funds own 63.17% of the company’s stock.
FBIZ traded down $0.06 during trading on Tuesday, reaching $23.76. The company’s stock had a trading volume of 16,202 shares, compared to its average volume of 13,128. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.63. The stock has a fifty day simple moving average of $23.66. First Business Financial Services has a 1 year low of $18.76 and a 1 year high of $25.00. The company has a market capitalization of $205.19 million, a P/E ratio of 12.77, a price-to-earnings-growth ratio of 1.20 and a beta of 0.83.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, August 5th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.53%. First Business Financial Services’s dividend payout ratio is currently 32.26%.
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 offers deposit products, such as non-interest-bearing transaction accounts, interest-bearing transaction accounts, money market accounts, time deposits, and certificates of deposit.
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