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

First Business Financial Services (NASDAQ:FBIZ) is scheduled to announce its earnings results after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $1.20 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

First Business Financial Services (NASDAQ:FBIZ) last announced its earnings results on Thursday, July 25th. The financial services provider reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.14. The business had revenue of $65.34 million during the quarter, compared to analysts’ expectations of $36.73 million. First Business Financial Services had a return on equity of 13.87% and a net margin of 15.66%. 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 Performance

Shares of NASDAQ:FBIZ opened at $44.97 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.08 and a quick ratio of 1.07. First Business Financial Services has a 1 year low of $28.35 and a 1 year high of $47.23. The firm has a market capitalization of $372.76 million, a PE ratio of 10.36 and a beta of 0.82. The business’s 50 day moving average price is $43.79 and its 200-day moving average price is $39.02.

First Business Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Thursday, August 8th were issued a $0.25 dividend. The ex-dividend date was Thursday, August 8th. This represents a $1.00 dividend on an annualized basis and a yield of 2.22%. First Business Financial Services’s payout ratio is currently 23.04%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FBIZ shares. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $51.00 price target (up from $48.00) on shares of First Business Financial Services in a research note on Monday, July 29th. Piper Sandler raised 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 research note on Monday, July 29th. StockNews.com upgraded First Business Financial Services from a “hold” rating to a “buy” rating in a research report on Thursday, October 10th. Finally, DA Davidson raised First Business Financial Services from a “neutral” rating to a “buy” rating and increased their price target for the company from $36.00 to $50.00 in a report on Monday, August 5th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price 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.