First Business Financial Services (NASDAQ:FBIZ) Posts Earnings Results, Beats Estimates By $0.14 EPS

First Business Financial Services (NASDAQ:FBIZ) posted its quarterly earnings data on Thursday. The financial services provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.14, Zacks reports. First Business Financial Services had a return on equity of 14.06% and a net margin of 15.66%. The firm had revenue of $65.34 million for the quarter, compared to analysts’ expectations of $36.73 million.

First Business Financial Services Price Performance

FBIZ traded up $2.20 on Friday, hitting $45.69. 19,837 shares of the company’s stock traded hands, compared to its average volume of 22,069. The company’s 50 day simple moving average is $36.22 and its 200-day simple moving average is $35.61. The firm has a market cap of $378.77 million, a price-to-earnings ratio of 10.53 and a beta of 0.83. First Business Financial Services has a one year low of $28.35 and a one year high of $45.80. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.34.

First Business Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Thursday, May 9th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.19%. The ex-dividend date was Wednesday, May 8th. First Business Financial Services’s dividend payout ratio (DPR) is presently 23.04%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut First Business Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday.

Insider Activity at First Business Financial Services

In related news, Director William Kent Lorenz sold 1,345 shares of First Business Financial Services stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $34.51, for a total transaction of $46,415.95. Following the sale, the director now owns 9,836 shares of the company’s stock, valued at approximately $339,440.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.30% of the stock is owned by corporate insiders.

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 in Wisconsin, Kansas, and Missouri.