Brokerages expect First Business Financial Services, Inc. (NASDAQ:FBIZ) to report $20.00 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for First Business Financial Services’ earnings. The highest sales estimate is $20.30 million and the lowest is $19.80 million. First Business Financial Services posted sales of $18.94 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.6%. The company is scheduled to announce its next quarterly earnings results on Thursday, October 26th.

According to Zacks, analysts expect that First Business Financial Services will report full-year sales of $20.00 million for the current fiscal year, with estimates ranging from $79.42 million to $80.00 million. For the next fiscal year, analysts forecast that the company will post sales of $85.53 million per share, with estimates ranging from $85.40 million to $85.70 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover First Business Financial Services.

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

A number of brokerages have issued reports on FBIZ. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $25.00 target price on shares of First Business Financial Services in a research report on Tuesday, October 3rd. TheStreet lowered First Business Financial Services from a “b” rating to a “c+” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research lowered First Business Financial Services from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Five analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average price target of $24.50.

In related news, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 value of $48,875.00. Following the sale, the insider now directly owns 26,907 shares in the company, valued at $571,773.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,025 shares of company stock worth $106,903. Corporate insiders own 6.60% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. American International Group Inc. raised its position in shares of First Business Financial Services by 7.2% during the 1st quarter. American International Group Inc. now owns 4,973 shares of the financial services provider’s stock valued at $129,000 after acquiring an additional 333 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of First Business Financial Services during the 2nd quarter valued at approximately $201,000. Rhumbline Advisers raised its position in shares of First Business Financial Services by 5.3% during the 2nd quarter. Rhumbline Advisers now owns 9,351 shares of the financial services provider’s stock valued at $216,000 after acquiring an additional 470 shares in the last quarter. Bessemer Group Inc. raised its position in shares of First Business Financial Services by 2.5% during the 2nd quarter. Bessemer Group Inc. now owns 12,100 shares of the financial services provider’s stock valued at $279,000 after acquiring an additional 300 shares in the last quarter. Finally, OppenheimerFunds Inc. acquired a new stake in shares of First Business Financial Services during the 1st quarter valued at approximately $281,000. 60.13% of the stock is currently owned by institutional investors and hedge funds.

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Shares of First Business Financial Services (NASDAQ FBIZ) opened at 22.87 on Wednesday. The firm’s 50-day moving average is $21.69 and its 200-day moving average is $23.22. The firm has a market cap of $199.31 million, a PE ratio of 16.72 and a beta of 0.95. First Business Financial Services has a 12-month low of $18.76 and a 12-month high of $28.43.

About First Business Financial Services

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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