First Business Financial Services (NASDAQ:FBIZ) announced its quarterly earnings results on Thursday. The financial services provider reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07, Fidelity Earnings reports. The firm had revenue of $22.57 million during the quarter, compared to analysts’ expectations of $22.80 million. First Business Financial Services had a net margin of 17.75% and a return on equity of 11.69%.
NASDAQ FBIZ opened at $24.37 on Friday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.15 and a current ratio of 1.15. First Business Financial Services has a 52-week low of $18.76 and a 52-week high of $25.92. The stock has a market cap of $216.59 million, a PE ratio of 13.10 and a beta of 0.83. The firm has a 50-day moving average of $23.98 and a 200-day moving average of $23.34.
The business also recently announced a dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 4th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, November 1st. First Business Financial Services’s dividend payout ratio is presently 32.26%.
A number of analysts have commented on FBIZ shares. Zacks Investment Research upgraded shares of First Business Financial Services from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Tuesday, July 30th. ValuEngine cut shares of First Business Financial Services from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. TheStreet upgraded shares of First Business Financial Services from a “c+” rating to a “b-” rating in a research note on Wednesday, July 10th. Finally, DA Davidson cut shares of First Business Financial Services from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 9th. They noted that the move was a valuation call.
In related news, insider Michael J. Losenegger sold 1,500 shares of First Business Financial Services stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $24.02, for a total transaction of $36,030.00. Following the sale, the insider now directly owns 29,924 shares of the company’s stock, valued at approximately $718,774.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.30% of the stock is owned by company 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. 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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