Brokerages expect First Business Financial Services, Inc. (NASDAQ:FBIZ) to announce earnings per share (EPS) of $0.82 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for First Business Financial Services’ earnings. The lowest EPS estimate is $0.76 and the highest is $0.89. First Business Financial Services posted earnings of $0.38 per share in the same quarter last year, which suggests a positive year over year growth rate of 115.8%. The business is expected to issue its next quarterly earnings report on Thursday, July 22nd.
According to Zacks, analysts expect that First Business Financial Services will report full-year earnings of $3.63 per share for the current year, with EPS estimates ranging from $3.55 to $3.70. For the next fiscal year, analysts forecast that the firm will post earnings of $3.05 per share, with EPS estimates ranging from $2.90 to $3.13. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover First Business Financial Services.
First Business Financial Services (NASDAQ:FBIZ) last posted its quarterly earnings results on Wednesday, April 28th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.36. The firm had revenue of $28.06 million for the quarter, compared to analysts’ expectations of $27.47 million. First Business Financial Services had a net margin of 19.15% and a return on equity of 11.44%.
In related news, Director Carla C. Chavarria purchased 1,313 shares of the stock in a transaction on Monday, June 21st. The shares were bought at an average price of $26.65 per share, for a total transaction of $34,991.45. Following the completion of the acquisition, the director now directly owns 2,198 shares in the company, valued at approximately $58,576.70. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.40% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the stock. Zebra Capital Management LLC bought a new position in shares of First Business Financial Services during the first quarter valued at $239,000. Royal Bank of Canada increased its position in First Business Financial Services by 5.6% in the first quarter. Royal Bank of Canada now owns 8,124 shares of the financial services provider’s stock worth $201,000 after purchasing an additional 428 shares during the period. Dimensional Fund Advisors LP boosted its holdings in First Business Financial Services by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 443,287 shares of the financial services provider’s stock worth $10,963,000 after buying an additional 4,307 shares during the last quarter. Franklin Resources Inc. boosted its holdings in First Business Financial Services by 105.0% during the first quarter. Franklin Resources Inc. now owns 76,936 shares of the financial services provider’s stock worth $1,902,000 after buying an additional 39,408 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of First Business Financial Services by 31.7% during the 1st quarter. Barclays PLC now owns 26,516 shares of the financial services provider’s stock valued at $655,000 after purchasing an additional 6,389 shares in the last quarter. 64.84% of the stock is owned by hedge funds and other institutional investors.
FBIZ opened at $27.14 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.21 and a debt-to-equity ratio of 2.14. First Business Financial Services has a 12-month low of $13.66 and a 12-month high of $28.61. The company has a fifty day moving average of $27.16. The firm has a market capitalization of $232.59 million, a PE ratio of 10.01 and a beta of 1.07.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 24th. Shareholders of record on Monday, May 10th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend was Friday, May 7th. First Business Financial Services’s dividend payout ratio is presently 36.55%.
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, as well as credit cards.
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