First Business Financial Services, Inc. (NASDAQ:FBIZ) announced its earnings results on Friday. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.19, Zacks reports. First Business Financial Services had a net margin of 12.64% and a return on equity of 7.28%. The firm had revenue of $20.22 million for the quarter, compared to analyst estimates of $19.45 million.
Shares of First Business Financial Services (FBIZ) opened at 21.46 on Friday. The firm’s 50-day moving average is $23.26 and its 200 day moving average is $24.47. First Business Financial Services has a 52 week low of $18.76 and a 52 week high of $28.43. The firm has a market capitalization of $184.58 million, a P/E ratio of 15.76 and a beta of 0.97.
The company also recently announced a dividend, which will be paid on Thursday, August 17th. Shareholders of record on Monday, August 7th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, August 3rd. First Business Financial Services’s dividend payout ratio (DPR) is currently 38.24%.
Several analysts have issued reports on the stock. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $27.00 target price on shares of First Business Financial Services in a research note on Monday, May 1st. Zacks Investment Research downgraded shares of First Business Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Five research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus price target of $26.25.
In related news, insider Michael J. Losenegger sold 2,413 shares of the firm’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $23.78, for a total transaction of $57,381.14. Following the sale, the insider now directly owns 29,368 shares in the company, valued at $698,371.04. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael J. Losenegger sold 2,587 shares of the firm’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $23.92, for a total transaction of $61,881.04. Following the sale, the insider now owns 26,781 shares in the company, valued at $640,601.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,639 shares of company stock worth $462,721. Company insiders own 8.30% of the company’s stock.
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First Business Financial Services Company Profile
First Business Financial Services, Inc (FBFS) is a bank holding company. The Company engages in the commercial banking business through its bank subsidiaries, which include First Business Bank (FBB), First Business Bank-Milwaukee (FBB-Milwaukee) and Alterra Bank (Alterra) (FBB and FBB-Milwaukee and, together with FBB, the Banks).
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