$19.69 Million in Sales Expected for First Business Financial Services Inc (FBIZ) This Quarter

Equities research analysts forecast that First Business Financial Services Inc (NASDAQ:FBIZ) will post $19.69 million in sales for the current fiscal quarter, Zacks reports. 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 during the same quarter last year, which indicates a negative year-over-year growth rate of 4.8%. The firm is expected to report its next quarterly earnings report 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 financial year, with estimates ranging from $78.00 million to $78.16 million. For the next financial year, analysts expect that the company 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 firms that follow First Business Financial Services.

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

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

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

Several institutional investors have recently bought and sold shares of the company. Banc Funds Co. LLC boosted its stake in shares of First Business Financial Services by 3.0% during the 2nd 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 last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of First Business Financial Services by 2.2% during the 2nd 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 last quarter. First Business Financial Services Inc. boosted its stake in shares of First Business Financial Services by 0.8% during the 2nd quarter. First Business Financial Services Inc. now owns 398,784 shares of the financial services provider’s stock worth $9,204,000 after buying an additional 3,250 shares during the last quarter. Vanguard Group Inc. lifted its stake in First Business Financial Services by 61.9% in the 2nd quarter. Vanguard Group Inc. now owns 334,887 shares of the financial services provider’s stock valued at $7,729,000 after purchasing an additional 128,039 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in First Business Financial Services by 7.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 249,582 shares of the financial services provider’s stock valued at $5,678,000 after purchasing an additional 17,457 shares during the last quarter. Institutional investors own 58.93% of the company’s stock.

First Business Financial Services (FBIZ) traded down $0.11 on Tuesday, hitting $22.40. 24,783 shares of the company were exchanged, compared to its average volume of 19,964. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.08 and a current ratio of 1.08. First Business Financial Services has a 1-year low of $20.57 and a 1-year high of $28.43. The company has a market cap of $197.18, a PE ratio of 16.35, a P/E/G ratio of 2.17 and a beta of 0.96.

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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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