First Business Financial Services, Inc. is expected to post earnings of $0.92 per share in the second quarter of 2022 (NASDAQ:FBIZ)

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, 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.

See also

Earnings history and estimates for First Business Financial Services (NASDAQ:FBIZ)

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