First Business Financial Services Upgraded by Zacks to Outperform (FBIZ)
First Business Financial Services (NASDAQ:FBIZ) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Monday. The firm currently has a $50.00 target price on the stock. Zacks‘s price objective suggests a potential upside of 8.01% from the stock’s previous close.
First Business Financial Services (NASDAQ:FBIZ) traded up 1.06% on Monday, hitting $46.78. The stock had a trading volume of 21,636 shares. First Business Financial Services has a one year low of $29.03 and a one year high of $49.13. The stock’s 50-day moving average is $45.8 and its 200-day moving average is $43.49. The company has a market cap of $184.5 million and a price-to-earnings ratio of 13.24.
First Business Financial Services (NASDAQ:FBIZ) last announced its earnings results on Thursday, April 24th. The company reported $0.84 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.90 by $0.06. On average, analysts predict that First Business Financial Services will post $3.69 earnings per share for the current fiscal year.
In other First Business Financial Services news, CEO Charles H. Batson unloaded 1,500 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $47.80, for a total value of $71,700.00. The sale was disclosed in a filing with the SEC, which is available at this link.
Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of First Business Financial Services from $50.00 to $54.00 in a research note on Tuesday, April 29th.
First Business Financial Services, Inc (NASDAQ:FBIZ) is a bank holding company engaged in the commercial banking business through its wholly owned subsidiaries, First Business Bank and First Business Bank – Milwaukee (the Banks).
To view Zacks’ full report, visit Zacks’ official website.
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