First Business Financial Services (NASDAQ:FBIZ) Posts Quarterly Earnings Results, Misses Estimates By $0.09 EPS

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

First Business Financial Services Stock Down 3.0 %

FBIZ stock traded down $1.04 during midday trading on Monday, hitting $33.20. 13,697 shares of the company’s stock were exchanged, compared to its average volume of 13,439. The stock has a market capitalization of $275.89 million, a price-to-earnings ratio of 7.65 and a beta of 0.78. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.19. The firm has a 50 day moving average price of $34.77 and a 200-day moving average price of $35.12. First Business Financial Services has a 12-month low of $24.57 and a 12-month high of $41.03.

Analyst Upgrades and Downgrades

Several research firms recently commented on FBIZ. Raymond James boosted their price target on First Business Financial Services from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Piper Sandler reaffirmed an “overweight” rating and set a $44.00 price target on shares of First Business Financial Services in a report on Monday, March 18th.

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.