First Business Financial Services (NASDAQ:FBIZ) Issues Earnings Results

First Business Financial Services (NASDAQ:FBIZ) released its quarterly earnings results on Thursday. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.14, Zacks reports. The business had revenue of $65.34 million during the quarter, compared to the consensus estimate of $36.73 million. First Business Financial Services had a return on equity of 14.06% and a net margin of 15.66%.

First Business Financial Services Price Performance

Shares of NASDAQ FBIZ opened at $45.69 on Friday. First Business Financial Services has a twelve month low of $28.35 and a twelve month high of $45.80. The stock’s 50 day moving average price is $36.22 and its 200-day moving average price is $35.59. The company has a market capitalization of $378.77 million, a PE ratio of 10.53 and a beta of 0.83. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.34.

First Business Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Thursday, May 9th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, May 8th. This represents a $1.00 dividend on an annualized basis and a yield of 2.19%. First Business Financial Services’s dividend payout ratio (DPR) is currently 23.04%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded First Business Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday.

Insider Transactions at First Business Financial Services

In other news, Director William Kent Lorenz sold 1,345 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $34.51, for a total value of $46,415.95. Following the transaction, the director now owns 9,836 shares in the company, valued at approximately $339,440.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company 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.