Trade Report: Today: Equities Analysts Offer Predictions for First Business Financial Services Inc.’s FY2016 Earnings (FBIZ)

Today: Equities Analysts Offer Predictions for First Business Financial Services Inc.’s FY2016 Earnings (FBIZ)

First Business Financial Services Inc. (NASDAQ:FBIZ) – Investment analysts at DA Davidson issued their FY2016 earnings per share estimates for shares of First Business Financial Services in a report released on Wednesday. DA Davidson analyst K. Reevey forecasts that the firm will post earnings of $1.68 per share for the year. DA Davidson currently has a “Neutral” rating and a $24.00 price target on the stock. DA Davidson also issued estimates for First Business Financial Services’ Q4 2016 earnings at $0.44 EPS, Q1 2017 earnings at $0.44 EPS, FY2017 earnings at $1.86 EPS and FY2018 earnings at $2.20 EPS.

FBIZ has been the subject of several other reports. Zacks Investment Research raised shares of First Business Financial Services from a “sell” rating to a “hold” rating in a report on Monday, October 3rd. Raymond James Financial Inc. reaffirmed a “market perform” rating on shares of First Business Financial Services in a report on Monday, October 31st. Keefe, Bruyette & Woods cut their target price on shares of First Business Financial Services from $28.00 to $27.00 and set an “outperform” rating for the company in a report on Monday, August 1st. Finally, Sandler O’Neill lowered shares of First Business Financial Services from a “buy” rating to a “hold” rating and set a $25.00 target price for the company. in a report on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $26.00.

Shares of First Business Financial Services (NASDAQ:FBIZ) opened at 21.94 on Monday. First Business Financial Services has a 1-year low of $18.76 and a 1-year high of $27.35. The stock has a market cap of $191.01 million, a P/E ratio of 12.84 and a beta of 0.76. The company’s 50-day moving average is $21.42 and its 200-day moving average is $22.96.

Large investors have recently added to or reduced their stakes in the stock. LSV Asset Management boosted its stake in First Business Financial Services by 21.3% in the second quarter. LSV Asset Management now owns 144,825 shares of the financial services provider’s stock worth $3,399,000 after buying an additional 25,400 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of First Business Financial Services during the second quarter valued at about $368,000. Emerald Acquisition Ltd. acquired a new stake in shares of First Business Financial Services during the second quarter valued at about $391,000. Acrospire Investment Management LLC boosted its stake in shares of First Business Financial Services by 9.5% in the second quarter. Acrospire Investment Management LLC now owns 5,389 shares of the financial services provider’s stock valued at $126,000 after buying an additional 468 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of First Business Financial Services by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 37,576 shares of the financial services provider’s stock valued at $882,000 after buying an additional 621 shares during the period. 57.50% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director John J. Harris purchased 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were purchased at an average price of $19.09 per share, with a total value of $38,180.00. Following the purchase, the director now owns 8,000 shares of the company’s stock, valued at $152,720. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.30% of the stock is currently owned by corporate insiders.

The business also recently declared a quarterly dividend, which was paid on Monday, November 21st. Investors of record on Thursday, November 10th were paid a $0.12 dividend. The ex-dividend date was Tuesday, November 8th. This represents a $0.48 dividend on an annualized basis and a yield of 2.19%. First Business Financial Services’s dividend payout ratio is currently 28.07%.

First Business Financial Services Company Profile

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