First Business Financial Services Inc. (NASDAQ:FBIZ) – Stock analysts at DA Davidson issued their FY2016 earnings per share estimates for First Business Financial Services in a research note issued on Wednesday. DA Davidson analyst K. Reevey anticipates that the brokerage will post earnings per share of $1.68 for the year. DA Davidson currently has a “Neutral” rating and a $24.00 target price 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 downgraded First Business Financial Services from a “hold” rating to a “sell” rating in a report on Tuesday, November 1st. Raymond James Financial Inc. reiterated a “market perform” rating on shares of First Business Financial Services in a report on Monday, October 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $26.00.

Earnings History and Estimates for First Business Financial Services (NASDAQ:FBIZ)

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First Business Financial Services (NASDAQ:FBIZ) opened at 22.14 on Monday. The stock has a 50 day moving average of $21.39 and a 200 day moving average of $22.93. The company has a market cap of $192.75 million, a PE ratio of 12.95 and a beta of 0.76. First Business Financial Services has a 52 week low of $18.76 and a 52 week high of $27.35.

Large investors have recently modified their holdings of the company. LSV Asset Management raised its stake in shares of 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 during the last quarter. Bank of Montreal Can acquired a new stake in shares of First Business Financial Services during the second quarter worth $368,000. Emerald Acquisition Ltd. acquired a new stake in shares of First Business Financial Services during the second quarter worth $391,000. Acrospire Investment Management LLC raised 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 worth $126,000 after buying an additional 468 shares during the last quarter. Finally, Bank of New York Mellon Corp raised 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 worth $882,000 after buying an additional 621 shares during the last quarter. Institutional investors and hedge funds own 57.42% of the company’s stock.

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In other First Business Financial Services news, Director John J. Harris purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, November 2nd. The shares were acquired at an average price of $19.09 per share, for a total transaction of $38,180.00. Following the completion of the purchase, the director now owns 8,000 shares of the company’s stock, valued at $152,720. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 8.30% of the stock is currently owned by company insiders.

The company also recently announced a quarterly dividend, which was paid on Monday, November 21st. Shareholders of record on Thursday, November 10th were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, November 8th. This represents a $0.48 dividend on an annualized basis and a yield of 2.17%. First Business Financial Services’s dividend payout ratio is presently 28.07%.

About First Business Financial Services

First Business Financial Services, Inc (FBFS) is a bank holding company. The Company engages in the commercial banking business through its bank subsidiaries, which include First Business Bank (FBB), First Business Bank-Milwaukee (FBB-Milwaukee) and Alterra Bank (Alterra) (FBB and FBB-Milwaukee and, together with FBB, the Banks).

5 Day Chart for NASDAQ:FBIZ

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