First Business Financial Services (FBIZ) to Release Earnings on Thursday

First Business Financial Services (NASDAQ:FBIZ) will be issuing its quarterly earnings data after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $1.20 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

First Business Financial Services (NASDAQ:FBIZ) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.14. First Business Financial Services had a return on equity of 13.87% and a net margin of 15.66%. The business had revenue of $65.34 million for the quarter, compared to the consensus estimate of $36.73 million. On average, analysts expect First Business Financial Services to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

First Business Financial Services Trading Up 3.7 %

Shares of NASDAQ:FBIZ opened at $44.97 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.12. First Business Financial Services has a 52-week low of $28.35 and a 52-week high of $47.23. The stock has a market cap of $372.76 million, a price-to-earnings ratio of 10.36 and a beta of 0.82. The business has a 50-day moving average price of $43.79 and a 200-day moving average price of $39.02.

First Business Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Thursday, August 8th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date was Thursday, August 8th. First Business Financial Services’s dividend payout ratio is presently 23.04%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FBIZ. StockNews.com upgraded shares of First Business Financial Services from a “hold” rating to a “buy” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $51.00 price target (up from $48.00) on shares of First Business Financial Services in a research report on Monday, July 29th. Piper Sandler boosted their price objective on First Business Financial Services from $44.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Finally, DA Davidson raised First Business Financial Services from a “neutral” rating to a “buy” rating and raised their target price for the stock from $36.00 to $50.00 in a report on Monday, August 5th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $50.75.

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.