First Business Financial Services Inc. (NASDAQ:FBIZ) – Equities researchers at DA Davidson issued their FY2016 earnings per share (EPS) estimates for shares of First Business Financial Services in a research note issued to investors on Wednesday. DA Davidson analyst K. Reevey anticipates that the brokerage will earn $1.68 per share for the year. DA Davidson currently has a “Neutral” rating and a $24.00 target price on the stock. DA Davidson also issued estimates for First Business Financial Services’ Q4 2016 earnings at $0.44 EPS, Q1 2017 earnings at $0.44 EPS, FY2017 earnings at $1.86 EPS and FY2018 earnings at $2.20 EPS.

A number of other research analysts also recently commented on the company. Zacks Investment Research upgraded First Business Financial Services from a “sell” rating to a “hold” rating in a research note on Monday, October 3rd. Raymond James Financial Inc. restated a “market perform” rating on shares of First Business Financial Services in a research note on Monday, October 31st. Keefe, Bruyette & Woods lowered their target price on 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 downgraded First Business Financial Services from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a research note on Monday, August 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $26.00.

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

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

Hedge funds have recently added to or reduced their stakes in the company. Teachers Advisors Inc. increased its stake in First Business Financial Services by 5.1% in the second quarter. Teachers Advisors Inc. now owns 12,687 shares of the financial services provider’s stock valued at $298,000 after buying an additional 611 shares during the period. Martingale Asset Management L P increased its stake in First Business Financial Services by 24.8% in the second quarter. Martingale Asset Management L P now owns 26,714 shares of the financial services provider’s stock valued at $627,000 after buying an additional 5,311 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in First Business Financial Services by 3.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 85,706 shares of the financial services provider’s stock valued at $2,012,000 after buying an additional 2,984 shares during the period. BlackRock Investment Management LLC increased its stake in First Business Financial Services by 4.9% in the second quarter. BlackRock Investment Management LLC now owns 35,859 shares of the financial services provider’s stock valued at $842,000 after buying an additional 1,685 shares during the period. Finally, Vanguard Group Inc. increased its stake in First Business Financial Services by 10.0% in the second quarter. Vanguard Group Inc. now owns 164,061 shares of the financial services provider’s stock valued at $3,851,000 after buying an additional 14,925 shares during the period. Institutional investors own 57.50% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Equities Analysts Offer Predictions for First Business Financial Services Inc.’s FY2016 Earnings (FBIZ)” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another site, it was illegally stolen and reposted in violation of US & international copyright laws. The correct version of this story can be viewed at https://www.thecerbatgem.com/2016/11/28/equities-analysts-offer-predictions-for-first-business-financial-services-inc-s-fy2016-earnings-fbiz.html.

In related news, Director John J. Harris purchased 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The stock was bought at an average price of $19.09 per share, for a total transaction of $38,180.00. Following the purchase, the director now owns 8,000 shares in the company, valued at approximately $152,720. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.30% of the company’s stock.

The business also recently declared a quarterly dividend, which was paid on Monday, November 21st. Stockholders of record on Thursday, November 10th were paid a dividend of $0.12 per share. 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 (DPR) is presently 28.07%.

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).

5 Day Chart for NASDAQ:FBIZ

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