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

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

First Business Financial Services Trading Up 5.1 %

NASDAQ:FBIZ opened at $45.69 on Friday. First Business Financial Services has a 1 year low of $28.35 and a 1 year high of $45.80. The stock’s fifty day moving average price is $36.22 and its two-hundred day moving average price is $35.59. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $378.77 million, a P/E ratio of 10.53 and a beta of 0.83.

First Business Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Thursday, May 9th were issued 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 payout ratio is 23.04%.

Analyst Upgrades and Downgrades

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

Insider Activity

In other First Business Financial Services news, Director William Kent Lorenz sold 1,345 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $34.51, for a total value of $46,415.95. Following the completion of the transaction, the director now owns 9,836 shares in the company, valued at approximately $339,440.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.30% of the stock is owned by company insiders.

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.