DA Davidson Weighs in on First Business Financial Services, Inc.’s FY2025 Earnings (NASDAQ:FBIZ)

First Business Financial Services, Inc. (NASDAQ:FBIZ) – DA Davidson raised their FY2025 earnings per share (EPS) estimates for First Business Financial Services in a research note issued to investors on Thursday, October 3rd. DA Davidson analyst J. Rulis now anticipates that the financial services provider will post earnings per share of $5.20 for the year, up from their prior forecast of $5.15. DA Davidson has a “Buy” rating and a $50.00 price objective on the stock. The consensus estimate for First Business Financial Services’ current full-year earnings is $4.71 per share.

FBIZ has been the subject of several other reports. StockNews.com cut First Business Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $51.00 target price (up previously from $48.00) on shares of First Business Financial Services in a research note on Monday, July 29th. Finally, Piper Sandler boosted their target price on First Business Financial Services from $44.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $50.75.

First Business Financial Services Price Performance

NASDAQ:FBIZ opened at $42.83 on Friday. First Business Financial Services has a 52-week low of $28.35 and a 52-week high of $47.23. The stock has a fifty day moving average of $43.46 and a 200 day moving average of $38.31. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.07 and a current ratio of 1.08. The firm has a market capitalization of $355.02 million, a price-to-earnings ratio of 9.87 and a beta of 0.82.

First Business Financial Services (NASDAQ:FBIZ) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.14. First Business Financial Services had a return on equity of 13.87% and a net margin of 15.66%. The firm had revenue of $65.34 million during the quarter, compared to analyst estimates of $36.73 million.

First Business Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Thursday, August 8th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Thursday, August 8th. First Business Financial Services’s dividend payout ratio is currently 23.04%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vista Investment Management grew its stake in shares of First Business Financial Services by 0.6% in the 4th quarter. Vista Investment Management now owns 52,410 shares of the financial services provider’s stock worth $2,102,000 after buying an additional 301 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of First Business Financial Services by 73.1% in the 1st quarter. BNP Paribas Financial Markets now owns 3,930 shares of the financial services provider’s stock worth $147,000 after buying an additional 1,659 shares during the last quarter. Empowered Funds LLC grew its stake in shares of First Business Financial Services by 7.8% in the 1st quarter. Empowered Funds LLC now owns 41,101 shares of the financial services provider’s stock worth $1,541,000 after buying an additional 2,975 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its stake in shares of First Business Financial Services by 1.7% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 169,903 shares of the financial services provider’s stock worth $6,371,000 after buying an additional 2,894 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of First Business Financial Services by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 361,070 shares of the financial services provider’s stock worth $13,540,000 after buying an additional 7,499 shares during the last quarter. Institutional investors own 60.07% 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.