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

First Business Financial Services (NASDAQ:FBIZ) issued its quarterly earnings data on Thursday. The financial services provider reported $1.43 earnings per share for the quarter, beating the consensus estimate 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 Performance

NASDAQ FBIZ opened at $49.55 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.09. The company has a market capitalization of $411.27 million, a PE ratio of 10.63 and a beta of 0.87. First Business Financial Services has a 52-week low of $32.56 and a 52-week high of $52.22. The company has a 50-day simple moving average of $47.47 and a 200 day simple moving average of $45.31.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at First Business Financial Services

In other First Business Financial Services news, CEO Corey A. Chambas sold 40,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $48.81, for a total transaction of $1,952,400.00. Following the sale, the chief executive officer now directly owns 112,750 shares of the company’s stock, valued at $5,503,327.50. This represents a 26.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William Kent Lorenz sold 1,000 shares of First Business Financial Services stock in a transaction dated Tuesday, November 19th. The stock was 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 of the company’s stock, valued at $408,709. The trade was a 10.71 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.30% of the company’s stock.

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.