DA Davidson Brokers Decrease Earnings Estimates for FBIZ

Key Points

• DA Davidson has lowered its FY2025 earnings per share (EPS) estimate for First Business Financial Services from $5.72 to $5.50, while the consensus estimate stands at $5.43.
• The company reported quarterly earnings of $1.35 per share, meeting analysts' expectations but falling short of revenue estimates of $41.55 million with actual revenue of $41.04 million.
• First Business Financial Services maintains a consensus rating of "Buy" from analysts, with an average price target of $57.25 despite recent mixed updates on target prices from other research firms.

First Business Financial Services, Inc. (NASDAQ:FBIZ - Free Report) - Investment analysts at DA Davidson decreased their FY2025 EPS estimates for First Business Financial Services in a research note issued to investors on Monday, July 28th. DA Davidson analyst J. Rulis now forecasts that the financial services provider will earn $5.50 per share for the year, down from their prior estimate of $5.72. The consensus estimate for First Business Financial Services' current full-year earnings is $5.43 per share. DA Davidson also issued estimates for First Business Financial Services' FY2026 earnings at $6.00 EPS.

A number of other brokerages have also recently issued reports on FBIZ. Wall Street Zen upgraded shares of First Business Financial Services from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Piper Sandler upped their price target on shares of First Business Financial Services from $55.00 to $58.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of First Business Financial Services from $60.00 to $59.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $57.25.

First Business Financial Services Stock Down 1.5%

NASDAQ:FBIZ traded down $0.73 during trading hours on Wednesday, reaching $46.89. The company's stock had a trading volume of 87,879 shares, compared to its average volume of 42,987. The company has a market cap of $390.27 million, a price-to-earnings ratio of 8.34 and a beta of 0.70. First Business Financial Services has a one year low of $39.65 and a one year high of $56.46. The business's 50-day moving average is $50.19 and its 200-day moving average is $49.43. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.04 and a quick ratio of 1.05.

First Business Financial Services (NASDAQ:FBIZ - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.35. The firm had revenue of $41.04 million during the quarter, compared to analysts' expectations of $41.55 million. First Business Financial Services had a net margin of 17.59% and a return on equity of 14.22%.

First Business Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Monday, August 11th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, August 11th. First Business Financial Services's dividend payout ratio is 20.64%.

Insider Transactions at First Business Financial Services

In related news, Director Ralph R. Kauten bought 10,000 shares of First Business Financial Services stock in a transaction that occurred on Wednesday, July 30th. The stock was acquired at an average price of $47.80 per share, for a total transaction of $478,000.00. Following the completion of the purchase, the director owned 29,756 shares in the company, valued at approximately $1,422,336.80. This represents a 50.62% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jason R. Graham bought 1,000 shares of First Business Financial Services stock in a transaction that occurred on Wednesday, July 30th. The stock was bought at an average price of $47.87 per share, with a total value of $47,870.00. Following the purchase, the director owned 3,220 shares of the company's stock, valued at $154,141.40. This trade represents a 45.05% increase in their position. The disclosure for this purchase can be found here. 5.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On First Business Financial Services

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in First Business Financial Services by 12.3% during the first quarter. Vanguard Group Inc. now owns 449,280 shares of the financial services provider's stock worth $21,184,000 after purchasing an additional 49,254 shares during the period. First Business Financial Services Inc. lifted its stake in First Business Financial Services by 4.7% during the first quarter. First Business Financial Services Inc. now owns 393,819 shares of the financial services provider's stock worth $18,569,000 after purchasing an additional 17,731 shares during the period. Cutler Capital Management LLC increased its holdings in shares of First Business Financial Services by 1.4% during the first quarter. Cutler Capital Management LLC now owns 155,399 shares of the financial services provider's stock worth $7,327,000 after buying an additional 2,200 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of First Business Financial Services by 30.6% during the first quarter. American Century Companies Inc. now owns 146,230 shares of the financial services provider's stock worth $6,895,000 after buying an additional 34,250 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in shares of First Business Financial Services by 2.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 90,421 shares of the financial services provider's stock worth $4,186,000 after buying an additional 2,156 shares in the last quarter. Institutional investors own 60.07% of the company's stock.

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.