First Business Financial Services, Inc. (NASDAQ:FBIZ – Get Rating) – Stock analysts DA Davidson raised their second quarter 2022 earnings per share estimates for First Business Financial Services shares in a report released Thursday, 30 June. DA Davidson analyst J. Rulis now expects the financial services provider to earn $0.92 per share for the quarter, up from its previous forecast of $0.89. First Business Financial Services’ current annual earnings consensus estimate is $3.78 per share.
First Business Financial Services (NASDAQ:FBIZ – Get Rating) last released its results on Thursday, April 28. The financial services provider reported earnings per share (EPS) of $1.02 for the quarter, beating the consensus estimate of $0.91 by $0.11. First Business Financial Services achieved a return on equity of 15.21% and a net margin of 27.82%. The company posted revenue of $28.81 million for the quarter, versus a consensus estimate of $28.30 million.
Separately, StockNews.com picked up coverage from First Business Financial Services in a Thursday, March 31 research report. They set a “buy” rating on the stock.
The NASDAQ FBIZ opened at $31.61 on Friday. The stock’s fifty-day moving average price is $33.43 and its 200-day moving average price is $32.43. The company has a market capitalization of $267.67 million, a price-earnings ratio of 7.80 and a beta of 0.72. The company has a debt ratio of 1.78, a current ratio of 1.17 and a quick ratio of 1.16. First Business Financial Services has a 1 year minimum of $25.69 and a 1 year maximum of $35.92.
Several hedge funds have recently bought and sold shares of FBIZ. River Oaks Capital LLC purchased a new stake in shares of First Business Financial Services during Q4 for a value of approximately $3,525,000. Banc Funds Co. LLC increased its stake in First Business Financial Services by 16.9% in the first quarter. Banc Funds Co. LLC now owns 514,871 shares of the financial services provider valued at $16,893,000 after buying an additional 74,261 shares last quarter. EAM Investors LLC bought a new position in First Business Financial Services in Q1 worth approximately $1,260,000. Gator Capital Management LLC bought a new position in First Business Financial Services in Q4, valued at around $694,000. Finally, Two Sigma Advisers LP bought a new position in First Business Financial Services in Q3, valued at around $459,000. 58.27% of the shares are currently held by institutional investors and hedge funds.
Separately, director Carla C. Chavarria purchased 755 shares of the company in a trade on Thursday, April 14. The shares were purchased at an average cost of $33.27 per share, with a total value of $25,118.85. Following the transaction, the director now owns 3,966 shares of the company, valued at $131,948.82. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. 6.10% of the shares are currently held by insiders of the company.
The company also recently declared a quarterly dividend, which was paid on Thursday, May 19. Shareholders of record on Monday, May 9 received a dividend of $0.1975 per share. This represents an annualized dividend of $0.79 and a yield of 2.50%. The ex-dividend date was Friday, May 6. First Business Financial Services’ dividend payout ratio is currently 19.51%.
First Business Financial Services Company Profile (Get a rating)
First Business Financial Services, Inc operates as a banking holding company for First Business Bank which provides commercial banking products and services to 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, term deposits and certificates of deposit, as well as credit cards.
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