First Business Financial Services (NASDAQ:FBIZ) Releases Quarterly Earnings Results, Misses Expectations By $0.09 EPS

First Business Financial Services (NASDAQ:FBIZ - Get Free Report) announced its earnings results on Friday. The financial services provider reported $1.04 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.09), Yahoo Finance reports. First Business Financial Services had a net margin of 15.48% and a return on equity of 13.72%. The company had revenue of $62.54 million for the quarter, compared to analysts' expectations of $37.47 million.

First Business Financial Services Stock Down 3.0 %

First Business Financial Services stock traded down $1.04 during mid-day trading on Monday, hitting $33.20. The company's stock had a trading volume of 13,697 shares, compared to its average volume of 13,439. The firm's 50 day moving average is $34.77 and its 200 day moving average is $35.12. The company has a market cap of $275.89 million, a PE ratio of 7.86 and a beta of 0.78. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.08 and a quick ratio of 1.08. First Business Financial Services has a 52-week low of $24.57 and a 52-week high of $41.03.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FBIZ shares. Piper Sandler reissued an "overweight" rating and issued a $44.00 price objective on shares of First Business Financial Services in a research note on Monday, March 18th. Raymond James increased their price objective on First Business Financial Services from $40.00 to $46.00 and gave the stock an "outperform" rating in a research note on Monday, January 29th.

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.

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