$0.50 EPS Expected for First Business Financial Services Inc (FBIZ) This Quarter
Wall Street analysts forecast that First Business Financial Services Inc (NASDAQ:FBIZ) will announce $0.50 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for First Business Financial Services’ earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.52. First Business Financial Services posted earnings per share of $0.30 during the same quarter last year, which would indicate a positive year-over-year growth rate of 66.7%. The company is expected to issue its next quarterly earnings report on Thursday, October 25th.
On average, analysts expect that First Business Financial Services will report full year earnings of $1.82 per share for the current fiscal year, with EPS estimates ranging from $1.77 to $1.88. For the next fiscal year, analysts expect that the firm will post earnings of $2.11 per share, with EPS estimates ranging from $2.05 to $2.18. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for First Business Financial Services.
First Business Financial Services (NASDAQ:FBIZ) last released its quarterly earnings data on Thursday, July 26th. The financial services provider reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.08). First Business Financial Services had a return on equity of 7.94% and a net margin of 13.86%. The business had revenue of $20.91 million during the quarter, compared to analyst estimates of $20.60 million.
In other news, insider Daniel Ovokaitys sold 1,379 shares of the firm’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $21.86, for a total value of $30,144.94. Following the transaction, the insider now directly owns 4,273 shares of the company’s stock, valued at $93,407.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.20% of the company’s stock.
Several large investors have recently bought and sold shares of FBIZ. Pacific Ridge Capital Partners LLC purchased a new position in shares of First Business Financial Services in the first quarter worth about $1,681,000. Banc Funds Co. LLC raised its stake in First Business Financial Services by 5.3% during the first quarter. Banc Funds Co. LLC now owns 822,818 shares of the financial services provider’s stock worth $20,702,000 after purchasing an additional 41,620 shares during the period. Renaissance Technologies LLC raised its stake in First Business Financial Services by 23.7% during the second quarter. Renaissance Technologies LLC now owns 205,905 shares of the financial services provider’s stock worth $5,354,000 after purchasing an additional 39,505 shares during the period. Mariner LLC purchased a new position in First Business Financial Services during the first quarter worth about $874,000. Finally, M3F Inc. raised its stake in First Business Financial Services by 28.5% during the first quarter. M3F Inc. now owns 137,854 shares of the financial services provider’s stock worth $3,468,000 after purchasing an additional 30,543 shares during the period. 62.65% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ FBIZ traded up $0.07 during trading on Friday, hitting $22.67. The company had a trading volume of 7,500 shares, compared to its average volume of 14,578. First Business Financial Services has a fifty-two week low of $20.76 and a fifty-two week high of $26.95. The firm has a market cap of $196.75 million, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 1.55 and a beta of 0.76. The company has a quick ratio of 1.22, a current ratio of 1.23 and a debt-to-equity ratio of 2.16.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 16th. Stockholders of record on Monday, August 6th were given a $0.14 dividend. The ex-dividend date was Friday, August 3rd. This represents a $0.56 annualized dividend and a dividend yield of 2.47%. First Business Financial Services’s dividend payout ratio (DPR) is 41.48%.
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. The company's deposit products include non-interest-bearing transaction accounts, interest-bearing transaction accounts, money market accounts, and time deposits, as well as certificates of deposit.
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