First Business Financial Services Inc (FBIZ) Expected to Announce Quarterly Sales of $19.69 Million

Equities analysts expect that First Business Financial Services Inc (NASDAQ:FBIZ) will report $19.69 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for First Business Financial Services’ earnings, with estimates ranging from $19.60 million to $19.77 million. First Business Financial Services reported sales of $20.68 million in the same quarter last year, which would suggest a negative year over year growth rate of 4.8%. The business is scheduled to announce its next quarterly earnings results on Thursday, January 25th.

According to Zacks, analysts expect that First Business Financial Services will report full-year sales of $19.69 million for the current fiscal year, with estimates ranging from $78.00 million to $78.16 million. For the next financial year, analysts anticipate that the firm will report sales of $82.87 million per share, with estimates ranging from $82.10 million to $84.20 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover First Business Financial Services.

First Business Financial Services (NASDAQ:FBIZ) last announced its earnings results on Thursday, October 26th. The financial services provider reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.14). First Business Financial Services had a return on equity of 7.20% and a net margin of 12.63%. The firm had revenue of $19.22 million for the quarter, compared to the consensus estimate of $20.00 million.

FBIZ has been the subject of a number of analyst reports. Zacks Investment Research raised shares of First Business Financial Services from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. TheStreet raised shares of First Business Financial Services from a “c+” rating to a “b-” rating in a research note on Tuesday, December 5th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of First Business Financial Services in a research note on Wednesday, November 1st. Finally, ValuEngine raised shares of First Business Financial Services from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st.

First Business Financial Services (NASDAQ:FBIZ) opened at $22.72 on Thursday. First Business Financial Services has a 52 week low of $20.57 and a 52 week high of $28.43. The firm has a market cap of $197.09, a price-to-earnings ratio of 16.58, a P/E/G ratio of 1.55 and a beta of 0.97. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.08 and a current ratio of 1.08.

In other First Business Financial Services news, insider Charles H. Batson sold 2,300 shares of First Business Financial Services stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $21.10, for a total value of $48,530.00. Following the completion of the sale, the insider now directly owns 27,527 shares of the company’s stock, valued at $580,819.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John J. Harris purchased 2,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was bought at an average cost of $22.52 per share, with a total value of $45,040.00. Following the completion of the purchase, the director now owns 10,000 shares of the company’s stock, valued at approximately $225,200. The disclosure for this purchase can be found here. Insiders own 6.60% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. acquired a new position in shares of First Business Financial Services during the second quarter valued at about $201,000. Rhumbline Advisers grew its holdings in shares of First Business Financial Services by 5.3% during the second quarter. Rhumbline Advisers now owns 9,351 shares of the financial services provider’s stock valued at $216,000 after buying an additional 470 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of First Business Financial Services by 7.4% during the second quarter. Teachers Advisors LLC now owns 13,627 shares of the financial services provider’s stock valued at $315,000 after buying an additional 940 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of First Business Financial Services by 10.5% during the second quarter. Prudential Financial Inc. now owns 18,870 shares of the financial services provider’s stock valued at $436,000 after buying an additional 1,800 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. grew its holdings 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 valued at $599,000 after buying an additional 2,300 shares during the last quarter. 58.93% of the stock is owned by hedge funds and other institutional investors.

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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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