DA Davidson Analysts Increase Earnings Estimates for FBIZ

First Business Financial Services, Inc. (NASDAQ:FBIZ - Free Report) - Stock analysts at DA Davidson lifted their FY2025 earnings per share (EPS) estimates for shares of First Business Financial Services in a research note issued on Monday, April 28th. DA Davidson analyst J. Rulis now anticipates that the financial services provider will post earnings per share of $5.70 for the year, up from their prior forecast of $5.50. The consensus estimate for First Business Financial Services' current full-year earnings is $5.43 per share.

Several other research firms have also issued reports on FBIZ. Raymond James upped their target price on shares of First Business Financial Services from $52.00 to $62.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. StockNews.com lowered First Business Financial Services from a "buy" rating to a "hold" rating in a report on Tuesday. Piper Sandler boosted their price objective on First Business Financial Services from $57.00 to $58.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Keefe, Bruyette & Woods decreased their target price on First Business Financial Services from $60.00 to $59.00 and set an "outperform" rating for the company in a research report on Monday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $57.25.

First Business Financial Services Stock Up 3.8 %

Shares of FBIZ stock traded up $1.82 during trading hours on Tuesday, reaching $49.68. The company had a trading volume of 15,394 shares, compared to its average volume of 23,543. The business has a fifty day simple moving average of $47.89 and a 200-day simple moving average of $48.18. First Business Financial Services has a 12 month low of $33.10 and a 12 month high of $56.46. The company has a market cap of $413.29 million, a price-to-earnings ratio of 9.52 and a beta of 0.66. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.09 and a quick ratio of 1.08.

First Business Financial Services (NASDAQ:FBIZ - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.03. The company had revenue of $40.84 million for the quarter, compared to analyst estimates of $40.13 million. First Business Financial Services had a net margin of 16.86% and a return on equity of 14.33%.

Hedge Funds Weigh In On First Business Financial Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC grew its holdings in shares of First Business Financial Services by 48.7% during the first quarter. CWM LLC now owns 913 shares of the financial services provider's stock worth $43,000 after purchasing an additional 299 shares in the last quarter. R Squared Ltd purchased a new stake in shares of First Business Financial Services during the 4th quarter valued at $49,000. Public Employees Retirement System of Ohio bought a new stake in shares of First Business Financial Services during the 4th quarter worth $81,000. Virtus Investment Advisers Inc. purchased a new position in First Business Financial Services in the fourth quarter worth $95,000. Finally, BNP Paribas Financial Markets increased its stake in First Business Financial Services by 28.9% in the fourth quarter. BNP Paribas Financial Markets now owns 2,183 shares of the financial services provider's stock valued at $101,000 after acquiring an additional 490 shares during the last quarter. 60.07% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other First Business Financial Services news, insider Daniel Ovokaitys sold 4,828 shares of the firm's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $54.55, for a total value of $263,367.40. Following the completion of the transaction, the insider now directly owns 7,718 shares of the company's stock, valued at $421,016.90. This trade represents a 38.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.10% of the company's stock.

First Business Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.16 dividend on an annualized basis and a yield of 2.33%. First Business Financial Services's payout ratio is 21.09%.

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.