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

First Business Financial Services (NASDAQ:FBIZ) is set to release its earnings data after the market closes on Thursday, October 24th. Analysts expect First Business Financial Services to post earnings of $1.20 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

First Business Financial Services (NASDAQ:FBIZ) last released its quarterly earnings data 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. The company had revenue of $65.34 million during the quarter, compared to analyst estimates of $36.73 million. First Business Financial Services had a net margin of 15.66% and a return on equity of 13.87%. 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 Stock Up 1.2 %

Shares of NASDAQ FBIZ opened at $45.18 on Thursday. First Business Financial Services has a 12-month low of $28.35 and a 12-month high of $47.23. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.12. The firm has a market cap of $374.50 million, a PE ratio of 10.41 and a beta of 0.82. The company’s fifty day simple moving average is $43.45 and its 200 day simple moving average is $38.73.

First Business Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Thursday, August 8th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, August 8th. This represents a $1.00 annualized dividend and a yield of 2.21%. First Business Financial Services’s payout ratio is 23.04%.

Analyst Upgrades and Downgrades

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

About First Business Financial Services

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.