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

First Business Financial Services (NASDAQ:FBIZ) issued its quarterly earnings results on Friday. The financial services provider reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.09), Yahoo Finance reports. The business had revenue of $62.54 million for the quarter, compared to analysts’ expectations 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 on Monday, hitting $33.20. 13,697 shares of the stock traded hands, compared to its average volume of 13,439. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market cap of $275.89 million, a price-to-earnings ratio of 7.65 and a beta of 0.78. The firm has a 50 day simple moving average of $34.77 and a two-hundred day simple moving average of $35.12. First Business Financial Services has a 52 week low of $24.57 and a 52 week high of $41.03.

Wall Street Analyst Weigh In

FBIZ has been the topic of several recent analyst reports. Raymond James raised their price objective on shares of First Business Financial Services from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Piper Sandler restated an “overweight” rating and set a $44.00 price objective on shares of First Business Financial Services in a research report on Monday, March 18th.

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.