Research Analysts Offer Predictions for First Business Financial Services, Inc.’s Q2 2024 Earnings (NASDAQ:FBIZ)

First Business Financial Services, Inc. (NASDAQ:FBIZ) – Research analysts at DA Davidson issued their Q2 2024 EPS estimates for shares of First Business Financial Services in a report issued on Wednesday, May 1st. DA Davidson analyst J. Rulis forecasts that the financial services provider will post earnings of $1.14 per share for the quarter. The consensus estimate for First Business Financial Services’ current full-year earnings is $4.62 per share. DA Davidson also issued estimates for First Business Financial Services’ FY2024 earnings at $4.50 EPS and FY2025 earnings at $5.00 EPS.

First Business Financial Services (NASDAQ:FBIZ) last released its earnings results on Friday, April 26th. The financial services provider reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.09). First Business Financial Services had a return on equity of 13.51% and a net margin of 15.48%. The company had revenue of $62.54 million for the quarter, compared to analysts’ expectations of $37.47 million.

Several other research firms also recently weighed in on FBIZ. Raymond James raised their target price on First Business Financial Services from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Piper Sandler restated an “overweight” rating and issued a $44.00 price objective on shares of First Business Financial Services in a report on Monday, March 18th.

First Business Financial Services Trading Up 5.1 %

FBIZ stock opened at $34.76 on Thursday. First Business Financial Services has a 12-month low of $24.57 and a 12-month high of $41.03. The business’s 50-day moving average is $34.63 and its 200 day moving average is $35.15. The company has a current ratio of 1.09, a quick ratio of 1.08 and a debt-to-equity ratio of 1.34. The stock has a market cap of $288.16 million, a price-to-earnings ratio of 8.01 and a beta of 0.79.

First Business Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Thursday, May 9th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.00 dividend on an annualized basis and a yield of 2.88%. First Business Financial Services’s payout ratio is 23.04%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Uncommon Cents Investing LLC boosted its position in shares of First Business Financial Services by 4.3% during the 4th quarter. Uncommon Cents Investing LLC now owns 36,255 shares of the financial services provider’s stock valued at $1,454,000 after acquiring an additional 1,485 shares during the last quarter. Federated Hermes Inc. raised its stake in First Business Financial Services by 3.9% during the fourth quarter. Federated Hermes Inc. now owns 65,483 shares of the financial services provider’s stock worth $2,626,000 after purchasing an additional 2,444 shares during the period. Pacific Ridge Capital Partners LLC boosted its holdings in First Business Financial Services by 2.7% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 169,134 shares of the financial services provider’s stock valued at $5,076,000 after purchasing an additional 4,513 shares during the last quarter. SG Americas Securities LLC grew its position in First Business Financial Services by 28.1% in the fourth quarter. SG Americas Securities LLC now owns 4,280 shares of the financial services provider’s stock worth $172,000 after acquiring an additional 938 shares during the period. Finally, 1834 Investment Advisors Co. acquired a new stake in First Business Financial Services during the fourth quarter worth $257,000. 60.07% of the stock is currently owned by institutional investors and hedge funds.

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 in Wisconsin, Kansas, and Missouri.