Research Analysts Set Expectations for FBIZ FY2025 Earnings

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) - DA Davidson lowered their FY2025 EPS estimates for First Business Financial Services in a note issued to investors on Monday, July 28th. DA Davidson analyst J. Rulis now anticipates that the financial services provider will post earnings per share of $5.50 for the year, down from their prior forecast 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.

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

Several other research firms also recently weighed in on FBIZ. Wall Street Zen raised shares of First Business Financial Services from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Keefe, Bruyette & Woods lowered their price objective on 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. Finally, Piper Sandler increased their target price on First Business Financial Services from $55.00 to $58.00 and gave the stock an "overweight" rating in a report on Tuesday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $57.25.

First Business Financial Services Stock Down 1.5%

Shares of First Business Financial Services stock traded down $0.73 on Wednesday, hitting $46.89. 87,879 shares of the company's stock traded hands, compared to its average volume of 42,987. First Business Financial Services has a 52-week low of $39.65 and a 52-week high of $56.46. The company has a quick ratio of 1.05, a current ratio of 1.04 and a debt-to-equity ratio of 0.83. The stock has a market cap of $390.12 million, a P/E ratio of 8.34 and a beta of 0.70. The firm's 50-day moving average is $50.20 and its 200 day moving average is $49.39.

Institutional Investors Weigh In On First Business Financial Services

Several large investors have recently made changes to their positions in FBIZ. CWM LLC lifted its stake in shares of First Business Financial Services by 48.7% in the 1st quarter. CWM LLC now owns 913 shares of the financial services provider's stock worth $43,000 after acquiring an additional 299 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in First Business Financial Services in the fourth quarter worth approximately $81,000. Virtus Investment Advisers Inc. bought a new position in First Business Financial Services during the 4th quarter valued at $95,000. BNP Paribas Financial Markets boosted its stake in First Business Financial Services by 28.9% during the 4th quarter. BNP Paribas Financial Markets now owns 2,183 shares of the financial services provider's stock valued at $101,000 after purchasing an additional 490 shares in the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of First Business Financial Services during the 1st quarter valued at $122,000. Institutional investors and hedge funds own 60.07% of the company's stock.

Insider Activity at First Business Financial Services

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

First Business Financial Services Dividend Announcement

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

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.