Wall Street analysts expect that First Business Financial Services, Inc. (NASDAQ:FBIZ) will report earnings per share of $0.44 for the current quarter, Zacks reports. Three analysts have provided estimates for First Business Financial Services’ earnings. The lowest EPS estimate is $0.41 and the highest is $0.46. First Business Financial Services posted earnings of $0.29 per share in the same quarter last year, which indicates a positive year over year growth rate of 51.7%. The business is expected to issue its next earnings report on Thursday, October 26th.

According to Zacks, analysts expect that First Business Financial Services will report full year earnings of $1.51 per share for the current year, with EPS estimates ranging from $1.46 to $1.55. For the next year, analysts forecast that the business will report earnings of $1.94 per share, with EPS estimates ranging from $1.83 to $2.05. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow First Business Financial Services.

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

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and set a $25.00 price target on shares of First Business Financial Services in a research report on Thursday, August 3rd. Zacks Investment Research cut shares of First Business Financial Services from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, TheStreet cut shares of First Business Financial Services from a “b” rating to a “c+” rating in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company currently has an average rating of “Hold” and an average price target of $26.00.

In related news, insider Charles H. Batson sold 2,300 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $21.25, for a total transaction of $48,875.00. Following the sale, the insider now directly owns 26,907 shares in the company, valued at $571,773.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jerome J. Smith sold 1,250 shares of the company’s stock in a transaction that occurred 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. Insiders have sold 5,025 shares of company stock worth $106,903 over the last 90 days. Insiders own 8.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its stake in shares of First Business Financial Services by 2.2% during the second quarter. The Manufacturers Life Insurance Company now owns 496,849 shares of the financial services provider’s stock worth $11,467,000 after buying an additional 10,857 shares during the period. State Street Corp increased its stake in shares of First Business Financial Services by 13.5% during the second quarter. State Street Corp now owns 150,856 shares of the financial services provider’s stock worth $3,481,000 after buying an additional 17,984 shares during the period. Cornerstone Capital Management Holdings LLC. increased its stake in shares of First Business Financial Services by 9.7% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 25,990 shares of the financial services provider’s stock worth $599,000 after buying an additional 2,300 shares during the period. Banc Funds Co. LLC increased its stake in shares of First Business Financial Services by 3.0% during the second quarter. Banc Funds Co. LLC now owns 786,198 shares of the financial services provider’s stock worth $18,145,000 after buying an additional 22,770 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of First Business Financial Services by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 232,125 shares of the financial services provider’s stock worth $5,358,000 after buying an additional 13,620 shares during the period. Hedge funds and other institutional investors own 60.13% of the company’s stock.

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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).

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

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