First Business Financial Services (NASDAQ:FBIZ) Issues Earnings Results, Misses Estimates By $0.09 EPS

First Business Financial Services (NASDAQ:FBIZ) posted its quarterly earnings results on Friday. The financial services provider reported $1.04 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.09), Yahoo Finance reports. The firm had revenue of $62.54 million for the quarter, compared to analyst estimates of $37.47 million. First Business Financial Services had a return on equity of 13.72% and a net margin of 15.48%.

First Business Financial Services Price Performance

Shares of FBIZ stock traded down $1.04 during mid-day trading on Monday, reaching $33.20. The stock had a trading volume of 13,697 shares, compared to its average volume of 13,439. First Business Financial Services has a 12-month low of $24.57 and a 12-month high of $41.03. The company has a market cap of $275.89 million, a P/E ratio of 7.65 and a beta of 0.78. The business has a 50-day simple moving average of $34.77 and a 200 day simple moving average of $35.12. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.19.

Wall Street Analyst Weigh In

A number of analysts have weighed in on FBIZ shares. Piper Sandler restated an “overweight” rating and issued a $44.00 price target on shares of First Business Financial Services in a research note on Monday, March 18th. Raymond James boosted their target price on First Business Financial Services from $40.00 to $46.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th.

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.