First Business Financial Services (NASDAQ:FBIZ) Posts Quarterly Earnings Results, Beats Expectations By $0.16 EPS

First Business Financial Services (NASDAQ:FBIZ) announced its quarterly earnings data on Thursday. The financial services provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.16, Zacks reports. First Business Financial Services had a return on equity of 13.70% and a net margin of 15.46%.

First Business Financial Services Stock Up 1.6 %

Shares of NASDAQ:FBIZ traded up $0.77 during trading on Thursday, hitting $49.55. The company’s stock had a trading volume of 24,080 shares, compared to its average volume of 27,612. The company has a market capitalization of $411.27 million, a PE ratio of 10.63 and a beta of 0.87. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.09. First Business Financial Services has a fifty-two week low of $32.56 and a fifty-two week high of $52.22. The business has a 50 day moving average price of $47.47 and a two-hundred day moving average price of $45.31.

Insider Activity at First Business Financial Services

In related news, Director William Kent Lorenz sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $49.00, for a total transaction of $49,000.00. Following the completion of the transaction, the director now owns 8,341 shares in the company, valued at approximately $408,709. The trade was a 10.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Corey A. Chambas sold 40,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $48.81, for a total value of $1,952,400.00. Following the completion of the transaction, the chief executive officer now owns 112,750 shares in the company, valued at approximately $5,503,327.50. The trade was a 26.19 % decrease in their position. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. StockNews.com lowered First Business Financial Services from a “buy” rating to a “hold” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods raised their price target on First Business Financial Services from $53.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Finally, Piper Sandler dropped their price objective on First Business Financial Services from $56.00 to $53.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th.

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.