First Business Financial Services (NASDAQ:FBIZ) Releases 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 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.09), Yahoo Finance reports. First Business Financial Services had a return on equity of 13.72% and a net margin of 15.48%. The company had revenue of $62.54 million during the quarter, compared to the consensus estimate of $37.47 million.

First Business Financial Services Price Performance

First Business Financial Services stock traded down $1.04 during midday trading on Monday, reaching $33.20. The company’s stock had a trading volume of 13,697 shares, compared to its average volume of 13,439. First Business Financial Services has a 52 week low of $24.57 and a 52 week high of $41.03. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.19. The business has a 50-day moving average price of $34.77 and a 200-day moving average price of $35.12. The stock has a market cap of $275.89 million, a PE ratio of 7.86 and a beta of 0.78.

Wall Street Analyst Weigh In

FBIZ has been the topic of a number of recent analyst reports. Piper Sandler restated an “overweight” rating and issued a $44.00 price target on shares of First Business Financial Services in a research report on Monday, March 18th. Raymond James lifted their target price on 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.

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.