Zacks: Analysts Anticipate First Business Financial Services, Inc. (FBIZ) to Post $0.44 Earnings Per Share

Brokerages predict that First Business Financial Services, Inc. (NASDAQ:FBIZ) will report earnings of $0.44 per share for the current quarter, Zacks reports. Three analysts have issued estimates for First Business Financial Services’ earnings, with estimates ranging from $0.41 to $0.46. First Business Financial Services reported earnings per share of $0.29 during the same quarter last year, which indicates a positive year over year growth rate of 51.7%. The business is expected to report its next quarterly earnings results on Thursday, October 26th.

On average, analysts expect that First Business Financial Services will report full year earnings of $1.51 per share for the current fiscal year, with EPS estimates ranging from $1.46 to $1.55. For the next fiscal year, analysts anticipate that the company will post earnings of $1.94 per share, with EPS estimates ranging from $1.83 to $2.05. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow First Business Financial Services.

First Business Financial Services (NASDAQ:FBIZ) last announced its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.19). The firm had revenue of $20.22 million for the quarter, compared to the consensus estimate of $19.45 million. First Business Financial Services had a return on equity of 7.25% and a net margin of 12.64%.

Several analysts have recently commented on the stock. Keefe, Bruyette & Woods restated a “hold” rating and set a $25.00 price objective on shares of First Business Financial Services in a report on Tuesday, October 3rd. TheStreet downgraded shares of First Business Financial Services from a “b” rating to a “c+” rating in a research note on Friday, July 28th. Finally, Zacks Investment Research lowered shares of First Business Financial Services from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Five investment analysts have rated the stock with a hold rating, First Business Financial Services has an average rating of “Hold” and a consensus price target of $24.50.

In related news, insider Charles H. Batson sold 2,300 shares of First Business Financial Services stock in a transaction on Friday, August 4th. The shares were sold at an average price of $21.25, for a total value of $48,875.00. Following the transaction, the insider now directly owns 26,907 shares of the company’s stock, valued at $571,773.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jerome J. Smith sold 1,250 shares of First Business Financial Services stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $21.17, for a total transaction of $26,462.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,025 shares of company stock valued at $106,903. Company insiders own 6.60% of the company’s stock.

Institutional investors have recently modified their holdings of the business. American International Group Inc. increased its position in First Business Financial Services by 7.2% during the 1st quarter. American International Group Inc. now owns 4,973 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 333 shares during the period. Ameriprise Financial Inc. purchased a new position in First Business Financial Services during the 2nd quarter valued at $201,000. Rhumbline Advisers increased its position in First Business Financial Services by 5.3% during the 2nd quarter. Rhumbline Advisers now owns 9,351 shares of the financial services provider’s stock valued at $216,000 after purchasing an additional 470 shares during the period. Bessemer Group Inc. increased its position in First Business Financial Services by 2.5% during the 2nd quarter. Bessemer Group Inc. now owns 12,100 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 300 shares during the period. Finally, OppenheimerFunds Inc. purchased a new position in First Business Financial Services during the 1st quarter valued at $281,000. 60.13% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Zacks: Analysts Anticipate First Business Financial Services, Inc. (FBIZ) to Post $0.44 Earnings Per Share” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another publication, it was illegally copied and republished in violation of U.S. and international copyright laws. The original version of this piece can be viewed at https://ledgergazette.com/2017/10/09/zacks-analysts-anticipate-first-business-financial-services-inc-fbiz-to-post-0-44-earnings-per-share.html.

Shares of First Business Financial Services (NASDAQ:FBIZ) traded up 0.94% during midday trading on Monday, reaching $22.65. 5,278 shares of the company’s stock traded hands. The company has a 50 day moving average of $21.64 and a 200 day moving average of $23.24. First Business Financial Services has a 52-week low of $18.76 and a 52-week high of $28.43. The firm has a market cap of $197.39 million, a PE ratio of 16.56 and a beta of 0.95.

First Business Financial Services Company Profile

First Business Financial Services, Inc (FBFS) is a bank holding company. The Company engages in the commercial banking business through its bank subsidiaries, which include First Business Bank (FBB), First Business Bank-Milwaukee (FBB-Milwaukee) and Alterra Bank (Alterra) (FBB and FBB-Milwaukee and, together with FBB, the Banks).

Get a free copy of the Zacks research report on First Business Financial Services (FBIZ)

For

On average, analysts expect that First Business Financial Services will report full year earnings of $1.51 per share for the current fiscal year, with EPS estimates ranging from $1.46 to $1.55. For the next fiscal year, analysts anticipate that the company will post earnings of $1.94 per share, with EPS estimates ranging from $1.83 to $2.05. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow First Business Financial Services.

First Business Financial Services (NASDAQ:FBIZ) last announced its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.19). The firm had revenue of $20.22 million for the quarter, compared to the consensus estimate of $19.45 million. First Business Financial Services had a return on equity of 7.25% and a net margin of 12.64%.

Several analysts have recently commented on the stock. Keefe, Bruyette & Woods restated a “hold” rating and set a $25.00 price objective on shares of First Business Financial Services in a report on Tuesday, October 3rd. TheStreet downgraded shares of First Business Financial Services from a “b” rating to a “c+” rating in a research note on Friday, July 28th. Finally, Zacks Investment Research lowered shares of First Business Financial Services from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Five investment analysts have rated the stock with a hold rating, First Business Financial Services has an average rating of “Hold” and a consensus price target of $24.50.

In related news, insider Charles H. Batson sold 2,300 shares of First Business Financial Services stock in a transaction on Friday, August 4th. The shares were sold at an average price of $21.25, for a total value of $48,875.00. Following the transaction, the insider now directly owns 26,907 shares of the company’s stock, valued at $571,773.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jerome J. Smith sold 1,250 shares of First Business Financial Services stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $21.17, for a total transaction of $26,462.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,025 shares of company stock valued at $106,903. Company insiders own 6.60% of the company’s stock.

Institutional investors have recently modified their holdings of the business. American International Group Inc. increased its position in First Business Financial Services by 7.2% during the 1st quarter. American International Group Inc. now owns 4,973 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 333 shares during the period. Ameriprise Financial Inc. purchased a new position in First Business Financial Services during the 2nd quarter valued at $201,000. Rhumbline Advisers increased its position in First Business Financial Services by 5.3% during the 2nd quarter. Rhumbline Advisers now owns 9,351 shares of the financial services provider’s stock valued at $216,000 after purchasing an additional 470 shares during the period. Bessemer Group Inc. increased its position in First Business Financial Services by 2.5% during the 2nd quarter. Bessemer Group Inc. now owns 12,100 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 300 shares during the period. Finally, OppenheimerFunds Inc. purchased a new position in First Business Financial Services during the 1st quarter valued at $281,000. 60.13% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Zacks: Analysts Anticipate First Business Financial Services, Inc. (FBIZ) to Post $0.44 Earnings Per Share” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another publication, it was illegally copied and republished in violation of U.S. and international copyright laws. The original version of this piece can be viewed at https://ledgergazette.com/2017/10/09/zacks-analysts-anticipate-first-business-financial-services-inc-fbiz-to-post-0-44-earnings-per-share.html.

Shares of First Business Financial Services (NASDAQ:FBIZ) traded up 0.94% during midday trading on Monday, reaching $22.65. 5,278 shares of the company’s stock traded hands. The company has a 50 day moving average of $21.64 and a 200 day moving average of $23.24. First Business Financial Services has a 52-week low of $18.76 and a 52-week high of $28.43. The firm has a market cap of $197.39 million, a PE ratio of 16.56 and a beta of 0.95.

First Business Financial Services Company Profile

First Business Financial Services, Inc (FBFS) is a bank holding company. The Company engages in the commercial banking business through its bank subsidiaries, which include First Business Bank (FBB), First Business Bank-Milwaukee (FBB-Milwaukee) and Alterra Bank (Alterra) (FBB and FBB-Milwaukee and, together with FBB, the Banks).

Get a free copy of the Zacks research report on First Business Financial Services (FBIZ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for First Business Financial Services (NASDAQ:FBIZ)

Receive News & Ratings for First Business Financial Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Business Financial Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply