First Business Financial Services Inc. (NASDAQ:FBIZ) – Investment analysts at DA Davidson issued their Q2 2017 earnings estimates for First Business Financial Services in a report issued on Wednesday. DA Davidson analyst K. Reevey expects that the firm will earn $0.45 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $24.00 price target on the stock. DA Davidson also issued estimates for First Business Financial Services’ Q3 2017 earnings at $0.47 EPS and Q4 2017 earnings at $0.50 EPS.

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Earnings History and Estimates for First Business Financial Services (NASDAQ:FBIZ)

FBIZ has been the topic of several other research reports. Zacks Investment Research raised shares of First Business Financial Services from a “sell” rating to a “hold” rating in a research note on Monday, October 3rd. Raymond James Financial Inc. reissued a “market perform” rating on shares of First Business Financial Services in a research note on Monday, October 31st. Keefe, Bruyette & Woods dropped their price objective on shares of First Business Financial Services from $28.00 to $27.00 and set an “outperform” rating on the stock in a research note on Monday, August 1st. Finally, Sandler O’Neill lowered shares of First Business Financial Services from a “buy” rating to a “hold” rating and set a $25.00 price objective on the stock. in a research note on Monday, August 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. First Business Financial Services currently has a consensus rating of “Hold” and an average price target of $26.00.

First Business Financial Services (NASDAQ:FBIZ) opened at 21.94 on Thursday. The company has a 50-day moving average of $21.42 and a 200 day moving average of $22.96. First Business Financial Services has a 12-month low of $18.76 and a 12-month high of $27.35. The company has a market capitalization of $191.01 million, a P/E ratio of 12.84 and a beta of 0.76.

The company also recently announced a quarterly dividend, which was paid on Monday, November 21st. Stockholders of record on Thursday, November 10th were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, November 8th. This represents a $0.48 annualized dividend and a dividend yield of 2.19%. First Business Financial Services’s dividend payout ratio is presently 28.07%.

In related news, Director John J. Harris acquired 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The stock was purchased at an average cost of $19.09 per share, with a total value of $38,180.00. Following the completion of the acquisition, the director now directly owns 8,000 shares of the company’s stock, valued at $152,720. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.30% of the stock is currently owned by insiders.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio boosted its position in First Business Financial Services by 16.3% in the third quarter. Strs Ohio now owns 5,000 shares of the financial services provider’s stock valued at $117,000 after buying an additional 700 shares during the last quarter. Acrospire Investment Management LLC boosted its position in First Business Financial Services by 9.5% in the second quarter. Acrospire Investment Management LLC now owns 5,389 shares of the financial services provider’s stock valued at $126,000 after buying an additional 468 shares during the last quarter. Rhumbline Advisers boosted its position in First Business Financial Services by 2.3% in the third quarter. Rhumbline Advisers now owns 9,087 shares of the financial services provider’s stock valued at $214,000 after buying an additional 200 shares during the last quarter. Eagle Global Advisors LLC bought a new position in First Business Financial Services during the third quarter valued at $218,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of First Business Financial Services during the first quarter worth approximately $244,000. 57.50% of the stock is owned by hedge funds and other institutional investors.

About First Business Financial Services

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).

5 Day Chart for NASDAQ:FBIZ

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