First Business Financial Services (FBIZ) Projected to Post Quarterly Earnings on Thursday

First Business Financial Services (NASDAQ:FBIZ) is expected to issue its quarterly earnings data after the market closes on Thursday, January 30th. Analysts expect the company to announce earnings of $1.27 per share and revenue of $39.30 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

First Business Financial Services Price Performance

NASDAQ:FBIZ opened at $48.57 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 1.16. The business’s 50-day moving average price is $47.52 and its 200 day moving average price is $45.21. First Business Financial Services has a 52-week low of $32.56 and a 52-week high of $52.22. The firm has a market cap of $403.13 million, a P/E ratio of 10.42 and a beta of 0.87.

Insider Activity at First Business Financial Services

In related news, CEO Corey A. Chambas sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $48.81, for a total transaction of $1,952,400.00. Following the completion of the sale, the chief executive officer now directly owns 112,750 shares in the company, valued at approximately $5,503,327.50. This trade represents a 26.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO James Edward Hartlieb sold 6,344 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $43.15, for a total transaction of $273,743.60. Following the completion of the transaction, the chief executive officer now owns 28,162 shares in the company, valued at approximately $1,215,190.30. This represents a 18.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,344 shares of company stock worth $2,275,144. 6.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Piper Sandler dropped their target price on shares of First Business Financial Services from $56.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. StockNews.com cut First Business Financial Services from a “buy” rating to a “hold” rating in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods raised their price objective on First Business Financial Services from $53.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, First Business Financial Services currently has an average rating of “Moderate Buy” and a consensus price target of $51.75.

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.