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. More Details
No risks detected for FBIZ from our risk checks.
Very undervalued with excellent balance sheet and pays a dividend.
Share Price & News
How has First Business Financial Services's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FBIZ has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: FBIZ underperformed the US Banks industry which returned -26.7% over the past year.
Return vs Market: FBIZ underperformed the US Market which returned 17.8% over the past year.
Price Volatility Vs. Market
How volatile is First Business Financial Services's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall StWhat Kind Of Investors Own Most Of First Business Financial Services, Inc. (NASDAQ:FBIZ)?
3 weeks ago | Simply Wall StWhy Dividend Hunters Love First Business Financial Services, Inc. (NASDAQ:FBIZ)
1 month ago | Simply Wall StA Look At First Business Financial Services' (NASDAQ:FBIZ) Share Price Returns
Is First Business Financial Services undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FBIZ ($16.89) is trading below our estimate of fair value ($21.47)
Significantly Below Fair Value: FBIZ is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FBIZ is good value based on its PE Ratio (8.7x) compared to the US Banks industry average (10.3x).
PE vs Market: FBIZ is good value based on its PE Ratio (8.7x) compared to the US market (19.1x).
Price to Earnings Growth Ratio
PEG Ratio: FBIZ is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: FBIZ is good value based on its PB Ratio (0.7x) compared to the US Banks industry average (0.8x).
How is First Business Financial Services forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FBIZ's forecast earnings growth (12.6% per year) is above the savings rate (2.2%).
Earnings vs Market: FBIZ's earnings (12.6% per year) are forecast to grow slower than the US market (22.1% per year).
High Growth Earnings: FBIZ's earnings are forecast to grow, but not significantly.
Revenue vs Market: FBIZ's revenue (5.1% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: FBIZ's revenue (5.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FBIZ's Return on Equity is forecast to be low in 3 years time (8.9%).
How has First Business Financial Services performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FBIZ has high quality earnings.
Growing Profit Margin: FBIZ's current net profit margins (19.3%) are lower than last year (25.8%).
Past Earnings Growth Analysis
Earnings Trend: FBIZ's earnings have grown by 6.4% per year over the past 5 years.
Accelerating Growth: FBIZ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FBIZ had negative earnings growth (-23.6%) over the past year, making it difficult to compare to the Banks industry average (-4%).
Return on Equity
High ROE: FBIZ's Return on Equity (8.3%) is considered low.
How is First Business Financial Services's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: FBIZ's Assets to Equity ratio (13x) is moderate.
Allowance for Bad Loans: FBIZ has a low allowance for bad loans (85%).
Low Risk Liabilities: 76% of FBIZ's liabilities are made up of primarily low risk sources of funding.
Loan Level: FBIZ has an appropriate level of Loans to Assets ratio (82%).
Low Risk Deposits: FBIZ's Loans to Deposits ratio (117%) is appropriate.
Level of Bad Loans: FBIZ has an appropriate level of bad loans (1.7%).
What is First Business Financial Services's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FBIZ's dividend (3.91%) is higher than the bottom 25% of dividend payers in the US market (1.63%).
High Dividend: FBIZ's dividend (3.91%) is low compared to the top 25% of dividend payers in the US market (4.56%).
Stability and Growth of Payments
Stable Dividend: FBIZ's dividends per share have been stable in the past 10 years.
Growing Dividend: FBIZ's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (33.4%), FBIZ's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FBIZ's dividends in 3 years are forecast to be well covered by earnings (29.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Corey Chambas (57 yo)
Mr. Corey A. Chambas has been the Chief Executive Officer of First Business Financial Services, Inc. and First Business Capital Corp. since December 2006 and has been its President since February 2005. Mr. ...
CEO Compensation Analysis
Compensation vs Market: Corey's total compensation ($USD1.23M) is above average for companies of similar size in the US market ($USD578.04K).
Compensation vs Earnings: Corey's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Chief Financial Officer||4.75yrs||US$548.08k||0.16% |
|Chief Operating Officer||4.5yrs||US$592.85k||0.18% |
|Senior Vice President of Credit Administration||0.58yr||US$478.22k||0.39% |
|CEO & Director of First Business Bank||no data||US$440.52k||0.57% |
|Chief Accounting Officer & Principal Accounting Officer||0.17yr||no data||0.030% |
|Assistant Vice President||no data||no data||no data|
|Chief Information Officer||6.33yrs||no data||0.065% |
|General Counsel||12.33yrs||no data||0.34% |
|Managing Director of Compliance & Risk Management||no data||no data||no data|
|Director of Marketing & Communications||no data||no data||no data|
|Chief Human Resources Officer||10.75yrs||no data||0.25% |
Experienced Management: FBIZ's management team is seasoned and experienced (6.3 years average tenure).
|CEO & Director of First Business Bank||no data||US$440.52k||0.57% |
|CEO, President & Director of First Business Bank - Milwaukee||no data||no data||no data|
|Independent Director||1.83yrs||US$33.75k||0.34% |
|Independent Director||17yrs||US$38.75k||0.20% |
|Independent Director||4.08yrs||US$43.00k||0.052% |
|Independent Director||15.25yrs||US$38.75k||0.12% |
|Independent Chair of the Board||2yrs||US$98.25k||0.61% |
|Independent Director||2.33yrs||US$39.65k||0.21% |
|Independent Director||8.75yrs||US$36.00k||0.12% |
|Independent Director||1.83yrs||US$38.15k||0.042% |
|Independent Director||3.33yrs||US$29.25k||0.018% |
Experienced Board: FBIZ's board of directors are considered experienced (3.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FBIZ insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
First Business Financial Services, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: First Business Financial Services, Inc.
- Ticker: FBIZ
- Exchange: NasdaqGS
- Founded: 1986
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$143.873m
- Shares outstanding: 8.52m
- Website: https://www.firstbusiness.com
Number of Employees
- First Business Financial Services, Inc.
- 401 Charmany Drive
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FBIZ||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Oct 2005|
|45D||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Oct 2005|
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 o ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/27 00:02|
|End of Day Share Price||2020/10/26 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.