First Business Financial Services (NASDAQ:FBIZ) Announces Earnings Results

First Business Financial Services (NASDAQ:FBIZ) released its earnings results on Friday. The financial services provider reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.09), Yahoo Finance reports. First Business Financial Services had a return on equity of 13.72% and a net margin of 15.48%. The business had revenue of $62.54 million during the quarter, compared to analysts’ expectations of $37.47 million.

First Business Financial Services Price Performance

Shares of FBIZ traded down $1.04 during mid-day trading on Monday, reaching $33.20. 13,697 shares of the company’s stock were exchanged, compared to its average volume of 13,439. The company has a market cap of $275.89 million, a price-to-earnings ratio of 7.65 and a beta of 0.78. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.19. First Business Financial Services has a 52-week low of $24.57 and a 52-week high of $41.03. The company has a 50-day simple moving average of $34.77 and a two-hundred day simple moving average of $35.12.

Analyst Ratings Changes

A number of equities research analysts recently commented on FBIZ shares. Raymond James raised their price objective on shares of First Business Financial Services from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Piper Sandler restated an “overweight” rating and issued a $44.00 price objective on shares of First Business Financial Services in a research report on Monday, March 18th.

First Business Financial Services Company Profile

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.