Shares of First Business Financial Services Inc (NASDAQ:FBIZ) have been assigned a consensus broker rating score of 2.50 (Hold) from the four brokers that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. First Business Financial Services’ rating score has declined by 49.7% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 1 year consensus target price of $28.00 for the company and are anticipating that the company will post $0.50 EPS for the current quarter, according to Zacks. Zacks has also assigned First Business Financial Services an industry rank of 78 out of 265 based on the ratings given to related companies.
Several analysts have issued reports on the stock. Sandler O’Neill downgraded shares of First Business Financial Services from a “buy” rating to a “hold” rating and set a $29.00 target price on the stock. in a research note on Thursday, December 3rd. FIG Partners downgraded shares of First Business Financial Services from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 27th. Finally, Zacks Investment Research downgraded shares of First Business Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday, November 5th.
In other First Business Financial Services news, Director Jerome J. Smith sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, December 4th. The shares were sold at an average price of $26.05, for a total value of $234,450.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David J. Vetta sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 18th. The shares were sold at an average price of $25.51, for a total transaction of $178,570.00. Following the completion of the transaction, the chief executive officer now owns 8,273 shares of the company’s stock, valued at $211,044.23. The disclosure for this sale can be found here.
First Business Financial Services (NASDAQ:FBIZ) opened at 25.01 on Monday. First Business Financial Services has a 52 week low of $18.32 and a 52 week high of $27.35. The firm has a market cap of $217.51 million and a PE ratio of 13.34. The firm’s 50 day moving average price is $25.51 and its 200-day moving average price is $23.71.
First Business Financial Services (NASDAQ:FBIZ) last announced its earnings results on Thursday, October 22nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03. On average, analysts forecast that First Business Financial Services will post $1.94 EPS for the current year.
First Business Financial Services, Inc. (NASDAQ:FBIZ) is a bank holding company. The Company engages in the commercial banking business through three wholly owned bank subsidiaries, First Business Bank (FBB), First Business Bank-Milwaukee and Alterra Bank (Alterra) (FBB and FBB-Milwaukee and, together with FBB, the Banks). The Banks offers a line of commercial banking products, including commercial loans and commercial real estate loans, and services to meet the needs of small- and medium-sized businesses, business owners, executives, professionals and high net worth individuals. Its business lines include commercial lending, asset-based financing, equipment financing, small business administration (SBA) lending, treasury management services, and trust and investment services. FBB’s subsidiaries also include Rimrock Road Investment Fund, LLC (Rimrock) and First Madison Investment Corp. (FMIC). The Company’s subsidiary, FBFS Statutory Trust II (Trust II) is a Delaware-based business trust.
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