First Business Financial Service (NASDAQ: FBIZ) has reported earnings for its second fiscal quarter (ending June 30) of $1.23 versus $0.98 for the same period a year ago — an increase of 26%. This result exceeded the consensus estimate of $1.09 by $0.14. For the latest four quarters through June 30, E.P.S. were $4.58 versus $4.45 for the same period a year ago — an increase of 3%.
Recent Price Action
First Business Financial Service (NASDAQ: FBIZ) stock enjoyed a large increase of 2.3% on 7/25/24. The stock closed at $43.49. Moreover, trading volume in this advance was above average at 137% of normal. The stock has performed in line with the market over the last nine months and has risen 4.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, FBIZ is expected to continue to be a Value Builder.
First Business Financial Service has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. First Business Financial Service has a neutral Power Rating of 51 but a good Appreciation Score of 81, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment