Wall Street brokerages predict that First Business Financial Services Inc (NASDAQ:FBIZ) will report $19.69 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for First Business Financial Services’ earnings, with the highest sales estimate coming in at $19.77 million and the lowest estimate coming in at $19.60 million. First Business Financial Services reported sales of $20.68 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 4.8%. The firm is scheduled to issue its next quarterly earnings report on Thursday, January 25th.

On average, analysts expect that First Business Financial Services will report full year sales of $19.69 million for the current financial year, with estimates ranging from $78.00 million to $78.16 million. For the next year, analysts anticipate that the business will post sales of $82.87 million per share, with estimates ranging from $82.10 million to $84.20 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for First Business Financial Services.

First Business Financial Services (NASDAQ:FBIZ) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.14). The firm had revenue of $19.22 million for the quarter, compared to the consensus estimate of $20.00 million. First Business Financial Services had a net margin of 12.63% and a return on equity of 7.20%.

A number of research firms have weighed in on FBIZ. TheStreet upgraded shares of First Business Financial Services from a “c+” rating to a “b-” rating in a research note on Tuesday, December 5th. Zacks Investment Research upgraded shares of First Business Financial Services from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Keefe, Bruyette & Woods restated a “hold” rating and set a $25.00 price objective on shares of First Business Financial Services in a research note on Tuesday, October 3rd. Finally, ValuEngine upgraded shares of First Business Financial Services from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st.

Shares of First Business Financial Services (NASDAQ:FBIZ) opened at $22.72 on Thursday. The firm has a market cap of $197.09, a PE ratio of 16.58, a price-to-earnings-growth ratio of 1.55 and a beta of 0.97. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.08 and a current ratio of 1.08. First Business Financial Services has a 12 month low of $20.57 and a 12 month high of $28.43.

In related news, Director John J. Harris purchased 2,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were purchased at an average price of $22.52 per share, with a total value of $45,040.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $225,200. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Charles H. Batson sold 2,300 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $21.10, for a total transaction of $48,530.00. Following the sale, the insider now directly owns 27,527 shares in the company, valued at approximately $580,819.70. The disclosure for this sale can be found here. 6.60% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. purchased a new stake in shares of First Business Financial Services during the 2nd quarter valued at about $201,000. Rhumbline Advisers boosted its holdings in shares of First Business Financial Services by 5.3% during the 2nd quarter. Rhumbline Advisers now owns 9,351 shares of the financial services provider’s stock valued at $216,000 after acquiring an additional 470 shares during the last quarter. Teachers Advisors LLC boosted its holdings in shares of First Business Financial Services by 7.4% during the 2nd quarter. Teachers Advisors LLC now owns 13,627 shares of the financial services provider’s stock valued at $315,000 after acquiring an additional 940 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of First Business Financial Services by 10.5% during the 2nd quarter. Prudential Financial Inc. now owns 18,870 shares of the financial services provider’s stock valued at $436,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its holdings in shares of First Business Financial Services by 9.7% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 25,990 shares of the financial services provider’s stock valued at $599,000 after acquiring an additional 2,300 shares during the last quarter. 58.93% of the stock is currently owned by hedge funds and other institutional investors.

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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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