First Business Financial Services, Inc. (FBIZ) Stock Price & Analysis
First Business Financial Services, Inc. (FBIZ) closed at USD 72.43 on Friday, October 23, 2026, down 0.10% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 72.5; the Oct 23, 2026 session ranged USD 71.14–72.59 on volume of 53,787 shares. Market capitalization is $606.12M, with a 52-week range of USD 47.87–73.74 (NMS). Source: Nexqual, retrieved October 25, 2026 at 13:00 UTC.
Also available as compact Markdown for AI agents: nexqual.com/FBIZ.md
Key facts (FBIZ)
- Last four reported quarters (through Jun 30, 2026): revenue $178M, net income $55.5M (31.2% margin) (SEC filings).
- Valuation: P/E 10.9x (avg 8.7x at the last 3 fiscal year-ends).
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $47K; 1 not under a Rule 10b5-1 plan ($47K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Strong Buy (mean 1.40 on a 1–5 scale) (5 analysts), mean target USD 78.8 (range 75–84).
- Total return with dividends: 1Y +46.4% vs S&P 500 +13.4%; 5Y +180.6% vs S&P 500 +76.9%.
- Next earnings: 2026-10-29, EPS estimate USD 1.67, revenue estimate $46.9M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (FBIZ)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $113M | $128M | $144M | $153M | $169M | $178M |
| Net income | $35.8M | $40.9M | $37.0M | $44.2M | $50.3M | $55.5M |
| EPS (diluted) | $4.17 | $4.75 | $4.33 | $5.20 | $5.94 | — |
| Free cash flow | $35.6M | $35.4M | $49.4M | $57.3M | $61.1M | $80.9M |
| Net margin | 31.7% | 32.0% | 25.7% | 28.8% | 29.8% | 31.2% |
| Revenue growth | +8.4% | +13.4% | +12.6% | +6.6% | +9.9% | — |
| Cash + short-term investments | $57.1M | $103M | $140M | $158M | $39.5M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (FBIZ)
P/E 10.9x · P/S 3.4x · P/FCF 7.5x · P/B 1.5x · FCF yield 13.35% · Earnings yield 9.16% · Dividend yield (paid, TTM) 1.76% · Buyback yield (TTM) 0.28%
P/E at fiscal year-ends: Dec 2025 8.8x, Dec 2024 8.5x, Dec 2023 8.8x.
Insider sales (SEC Form 4, open-market, last ~7 months) (FBIZ)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-27 | Chandler Jodi A | Chief Human Resources Officer | 675 | $47K | 2.9% | No | Too little history (no open-market trades in 2024 or 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (FBIZ)
Consensus Strong Buy (mean 1.40 on a 1–5 scale), 5 analysts; mean target USD 78.8 (low 75, high 84).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-03 | DA Davidson | Target raised | Buy | $69 → $80 |
| 2026-08-03 | Keefe, Bruyette & Woods | Target raised | Outperform | $68 → $74 |
| 2026-08-03 | Piper Sandler | Target raised | Overweight | $70 → $84 |
Total return (dividends reinvested) (FBIZ)
| 1Y (from 2025-10-24) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +46.4% | +180.6% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +46.5% | +22.9% |
| Volatility (annualized) | 23.0% | 28.2% |
| Max drawdown | -13.3% (Feb 2026→Mar 2026) | -34.9% (Nov 2022→May 2023) |
FBIZ company outlook (results filed Jul 30, 2026)
- “We expect this to have a minimal impact on 2026 earnings and to provide a modest earnings benefit in 2027.”
- “In the second quarter 2026, this valuation allowance was released due to sustained historical and forecasted Wisconsin taxable income.”
- “The Company expects to report a full year 2026 effective tax rate between 13% and 15%.”
- “Management expects marketing spend for full year 2026 to be in line with prior-year spend.”
Quoted word-for-word from the SEC 8-K results press release.
FBIZ analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.67 | $1.59 | +4.9% | $46.9M | 5 |
| Next quarter (ends Dec 2026) | $1.68 | $1.63 | +2.8% | $47.5M | 5 |
| Current fiscal year (ends Dec 2026) | $6.55 | $6.22 | +5.3% | $185.3M | 5 |
| Next fiscal year (ends Dec 2027) | $6.95 | $6.73 | +3.2% | $198.6M | 5 |
FBIZ options: expected move
Options price a move of about ±13.0% (±$9.40) by Mar 19, 2027, which includes earnings on Oct 29, 2026. Over the last 8 reports the stock moved ±4% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Mar 19, 2027 | 145 | 25.6% | ±13.0% |
| Jun 17, 2027 | 235 | 25.7% | ±16.2% |
30-day implied volatility 28.2% vs 17.4% realized over the last 30 trading days. Put/call ratio (volume) —. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 25, 2026 at 13:00 UTC)
| Price | USD 72.43 |
|---|---|
| Change | ▼ 0.10% (down) |
| Previous Close | USD 72.5 |
| Open | USD 72.01 |
| Day Range | USD 71.14 – 72.59 |
| 52-Week Range | USD 47.87 – 73.74 |
| Volume | 53,787 shares |
| Market Cap | $606.12M |
| Exchange | NMS |
Technical Analysis (FBIZ)
Nexqual's technical model rates FBIZ "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 25, 2026 at 13:00 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 58.84 (neutral) |
| vs SMA50 | Above (USD 70.64) |
| MACD | 0.31 (positive) |
Analyst Ratings (FBIZ)
Wall Street analysts rate FBIZ "Strong Buy" based on 5 analysts, with a mean price target of USD 78.8 (range USD 75–84), per Nexqual as of October 25, 2026 at 13:00 UTC.
| Consensus Rating | Strong Buy |
|---|---|
| Analyst Count | 5 |
| Mean Target | USD 78.8 |
| High Target | USD 84 |
| Low Target | USD 75 |
| Buy / Hold / Sell | 5 / 0 / 0 |
Earnings (FBIZ)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 1.67 |
| Revenue Estimate | $46.88M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.84 vs est 1.56 ▲ beat |
| 2026-03-31 | USD 1.44 vs est 1.42 ▲ beat |
| 2025-12-31 | USD 1.58 vs est 1.39 ▲ beat |
| 2025-09-30 | USD 1.7 vs est 1.39 ▲ beat |
Source: Nexqual, October 25, 2026 at 13:00 UTC.
Financials & Fundamentals (FBIZ)
| Total Revenue | $169.43M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +16.50% |
| Gross Margin | +0.00% |
| Operating Margin | +39.46% |
| Profit Margin | +32.76% |
| ROE | +15.00% |
| Total Cash | $79.08M |
| Total Debt | $393.22M |
Source: Nexqual, October 25, 2026 at 13:00 UTC.
Financial Health Score (FBIZ)
Nexqual rates First Business Financial Services, Inc.'s overall financial health "Solid" across five dimensions, as of October 25, 2026 at 13:00 UTC.
| Growth | Solid — Revenue +10% YoY (annual) |
|---|---|
| Profitability | Strong — Net margin 29% (last 12 months); banks have no gross margin |
| Balance Sheet | N/A — Not comparable for banks: deposits and customer funds sit on the balance sheet, so cash vs debt does not measure safety (SEC industry: State Commercial Banks) |
| Cash Flow | N/A — Not meaningful for banks and lenders: lending and trading move operating cash flow by billions each year (SEC industry: State Commercial Banks) |
| Efficiency | Solid — ROE 15%, ROA 1.3% |
Ownership (FBIZ)
| Insider Ownership | +4.84% |
|---|---|
| Institutional Ownership | +75.80% |
| Shares Outstanding | 8.37M |
| Float | 7.83M |
| Short % of Float | +4.52% |
Source: Nexqual, October 25, 2026 at 13:00 UTC.
Leadership (FBIZ)
First Business Financial Services, Inc. is led by David R. Seiler, President, CEO & Director, per Nexqual as of October 25, 2026 at 13:00 UTC.
| President, CEO & Director | David R. Seiler |
|---|---|
| CFO & Treasurer | Brian S. Spielmann |
| Senior Director of Marketing & Communications | Jodie Johnson |
| President of Accounts Receivable Financing at First Business Specialty Finance, LLC | Bill Elliott |
| Senior VP & Director of Commercial Banking | Chris Doering |
Major Backers & Investors (FBIZ)
Notable institutional backers of First Business Financial Services, Inc. include First Business Financial Services, Inc., American Century Companies Inc, Manufacturers Life Insurance Co., according to Nexqual as of October 25, 2026 at 13:00 UTC.
Active Investors
| Investor | Stake |
|---|---|
| First Business Financial Services, Inc. | 4.07% |
| American Century Companies Inc | 3.26% |
| Manufacturers Life Insurance Co. | 2.9% |
| John Hancock Investment Trust II-Regional Bank Fund | 2.69% |
| DFA INVESTMENT DIMENSIONS GROUP INC-U.S. Small Cap Value Portfolio | 2.12% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 11.09% |
| Dimensional Fund Advisors | 5.96% |
| Vanguard Group | 4.1% |
| Geode Capital | 2.57% |
| State Street | 2.24% |
Source: Nexqual, October 25, 2026 at 13:00 UTC.
From First Business Financial Services, Inc.'s Latest SEC 10-K Filing (filed 2026-02-25)
Key Strengths & Strategy (as disclosed to the SEC)
- Our online application and proprietary credit scoring architecture enable us to provide small ticket vendor equipment financings through a nationwide distribution channel.
Legal & Regulatory Risks (Item 1A, quoted)
- We operate in multiple states and in a highly regulated industry and the federal and state laws and regulations that govern our operations, corporate governance, executive compensation, and accounting principles. Changes in applicable laws or regulations, or our failure to comply with them, may adversely affect us.
- We are periodically subject to examination and scrutiny by a number of banking agencies and, depending upon the findings and determinations of these agencies, we may be required to make adjustments to our business that could adversely affect us.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| BBD | Banco Bradesco Sa | USD 4.07 | ▲ 3.04% |
| FITB | Fifth Third Bancorp | USD 52.98 | ▼ 0.47% |
| DB | Deutsche Bank AG | USD 31.2 | ▼ 0.89% |
| TFC | Truist Financial Corporation | USD 48.44 | ▲ 0.04% |
| NWG | NatWest Group plc | USD 16.8 | ▼ 1.12% |
| NU | Nu Holdings Ltd. | USD 15.16 | ▲ 2.92% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 25, 2026 at 13:00 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt