$22.79 Million in Sales Expected for First Business Financial Services Inc (NASDAQ:FBIZ) This Quarter

Analysts expect that First Business Financial Services Inc (NASDAQ:FBIZ) will report $22.79 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for First Business Financial Services’ earnings. The lowest sales estimate is $22.70 million and the highest is $22.87 million. First Business Financial Services reported sales of $21.76 million during the same quarter last year, which indicates a positive year over year growth rate of 4.7%. The company is expected to issue its next quarterly earnings report on Thursday, January 23rd.

On average, analysts expect that First Business Financial Services will report full-year sales of $90.25 million for the current fiscal year, with estimates ranging from $90.00 million to $90.49 million. For the next year, analysts anticipate that the company will report sales of $94.97 million, with estimates ranging from $94.93 million to $95.00 million. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for First Business Financial Services.

First Business Financial Services (NASDAQ:FBIZ) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.59 EPS for the quarter, beating the consensus estimate of $0.52 by $0.07. First Business Financial Services had a return on equity of 11.60% and a net margin of 17.75%. The business had revenue of $22.57 million during the quarter, compared to analysts’ expectations of $22.80 million.

FBIZ has been the subject of a number of recent analyst reports. DA Davidson reissued a “neutral” rating on shares of First Business Financial Services in a report on Monday, November 18th. Zacks Investment Research downgraded shares of First Business Financial Services from a “buy” rating to a “hold” rating in a report on Thursday, November 21st. Finally, ValuEngine downgraded shares of First Business Financial Services from a “hold” rating to a “sell” rating in a report on Thursday, August 8th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its position in shares of First Business Financial Services by 1,849.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,949 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 1,849 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of First Business Financial Services during the 2nd quarter valued at about $118,000. Rhumbline Advisers boosted its position in shares of First Business Financial Services by 9.7% during the 3rd quarter. Rhumbline Advisers now owns 12,656 shares of the financial services provider’s stock valued at $305,000 after purchasing an additional 1,122 shares in the last quarter. Bank of Montreal Can grew its stake in shares of First Business Financial Services by 6.8% in the 2nd quarter. Bank of Montreal Can now owns 13,636 shares of the financial services provider’s stock worth $320,000 after purchasing an additional 867 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of First Business Financial Services by 48.0% in the 3rd quarter. Millennium Management LLC now owns 15,142 shares of the financial services provider’s stock worth $364,000 after purchasing an additional 4,912 shares during the last quarter. 64.77% of the stock is owned by hedge funds and other institutional investors.

FBIZ stock traded down $0.44 on Friday, reaching $24.54. 7,879 shares of the company’s stock were exchanged, compared to its average volume of 12,248. The stock has a fifty day moving average of $24.61 and a 200-day moving average of $23.77. The firm has a market cap of $214.56 million, a PE ratio of 13.19 and a beta of 0.84. The company has a quick ratio of 1.17, a current ratio of 1.18 and a debt-to-equity ratio of 1.80. First Business Financial Services has a twelve month low of $18.76 and a twelve month high of $25.92.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date was Friday, November 1st. First Business Financial Services’s dividend payout ratio is currently 32.26%.

First Business Financial Services Company Profile

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 offers deposit products, such as non-interest-bearing transaction accounts, interest-bearing transaction accounts, money market accounts, time deposits, and certificates of deposit.

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

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