First Business Financial Services (NASDAQ:FBIZ) Releases Quarterly Earnings Results, Beats Estimates By $0.14 EPS

First Business Financial Services (NASDAQ:FBIZ) posted its quarterly earnings data on Thursday. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, topping 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 Stock Up 5.1 %

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 firm has a market capitalization of $378.77 million, a price-to-earnings 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. The stock’s 50 day moving average price is $36.22 and its two-hundred day moving average price is $35.59.

First Business Financial Services Dividend Announcement

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 $0.25 dividend. The ex-dividend date of this dividend 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 is 23.04%.

Insider Activity

In related news, Director William Kent Lorenz sold 1,345 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $34.51, for a total transaction of $46,415.95. Following the transaction, the director now directly owns 9,836 shares in the company, valued at $339,440.36. The sale was disclosed in a filing with the SEC, which is available through this link. 6.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.