DA Davidson Has Positive Outlook of FBIZ FY2025 Earnings

First Business Financial Services, Inc. (NASDAQ:FBIZ) – Equities research analysts at DA Davidson boosted their FY2025 earnings per share (EPS) estimates for First Business Financial Services in a report released on Monday, April 28th. DA Davidson analyst J. Rulis now expects that the financial services provider will post earnings per share of $5.70 for the year, up from their previous forecast of $5.50. The consensus estimate for First Business Financial Services’ current full-year earnings is $5.43 per share.

A number of other research analysts also recently weighed in on the stock. Raymond James raised their target price on shares of First Business Financial Services from $52.00 to $62.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. StockNews.com cut shares of First Business Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday. Keefe, Bruyette & Woods dropped their price target on shares of First Business Financial Services from $60.00 to $59.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Piper Sandler boosted their price objective on shares of First Business Financial Services from $57.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $57.25.

First Business Financial Services Trading Up 1.7 %

NASDAQ:FBIZ opened at $48.50 on Tuesday. The business’s 50-day simple moving average is $48.04 and its 200-day simple moving average is $48.15. First Business Financial Services has a fifty-two week low of $33.00 and a fifty-two week high of $56.46. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.09 and a quick ratio of 1.08. The stock has a market capitalization of $402.60 million, a PE ratio of 9.29 and a beta of 0.67.

First Business Financial Services (NASDAQ:FBIZ) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.03. First Business Financial Services had a net margin of 16.86% and a return on equity of 14.33%. The firm had revenue of $40.84 million for the quarter, compared to analysts’ expectations of $40.13 million.

Institutional Trading of First Business Financial Services

A number of institutional investors have recently modified their holdings of FBIZ. Invesco Ltd. bought a new position in First Business Financial Services in the 4th quarter valued at about $3,917,000. Hillsdale Investment Management Inc. boosted its holdings in shares of First Business Financial Services by 1,646.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 52,642 shares of the financial services provider’s stock valued at $2,437,000 after purchasing an additional 49,628 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of First Business Financial Services by 43.5% during the 4th quarter. American Century Companies Inc. now owns 111,980 shares of the financial services provider’s stock worth $5,184,000 after buying an additional 33,957 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of First Business Financial Services by 104.4% during the 4th quarter. JPMorgan Chase & Co. now owns 50,018 shares of the financial services provider’s stock worth $2,315,000 after buying an additional 25,550 shares during the last quarter. Finally, Fourthstone LLC grew its position in First Business Financial Services by 254.8% in the fourth quarter. Fourthstone LLC now owns 30,239 shares of the financial services provider’s stock valued at $1,400,000 after acquiring an additional 21,715 shares during the last quarter. 60.07% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Daniel Ovokaitys sold 4,828 shares of First Business Financial Services stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $54.55, for a total value of $263,367.40. Following the completion of the sale, the insider now directly owns 7,718 shares in the company, valued at approximately $421,016.90. The trade was a 38.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.10% of the company’s stock.

First Business Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be issued a $0.29 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.16 annualized dividend and a yield of 2.39%. First Business Financial Services’s dividend payout ratio is currently 21.09%.

First Business Financial Services Company Profile

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.