First Business Financial Services (NASDAQ:FBIZ) Stock Price Passes Above 200 Day Moving Average of $35.01

Shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $35.01 and traded as high as $35.42. First Business Financial Services shares last traded at $34.60, with a volume of 27,626 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have commented on FBIZ. Piper Sandler reissued an “overweight” rating and issued a $44.00 target price on shares of First Business Financial Services in a report on Monday, March 18th. Raymond James lifted their target price on First Business Financial Services from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Monday, January 29th.

First Business Financial Services Trading Up 0.9 %

The firm has a market cap of $287.53 million, a P/E ratio of 7.95 and a beta of 0.78. The stock has a fifty day simple moving average of $34.87 and a 200 day simple moving average of $35.01. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.08 and a current ratio of 1.08.

First Business Financial Services (NASDAQ:FBIZ) last posted its earnings results on Thursday, January 25th. The financial services provider reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.01. The business had revenue of $36.63 million during the quarter, compared to analyst estimates of $37.60 million. First Business Financial Services had a return on equity of 13.95% and a net margin of 16.37%. On average, research analysts expect that First Business Financial Services, Inc. will post 4.69 earnings per share for the current fiscal year.

First Business Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Thursday, February 8th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $1.00 annualized dividend and a dividend yield of 2.89%. This is a positive change from First Business Financial Services’s previous quarterly dividend of $0.22. First Business Financial Services’s payout ratio is presently 22.99%.

Institutional Trading of First Business Financial Services

Several large investors have recently modified their holdings of the company. Vista Investment Management grew its holdings in shares of First Business Financial Services by 0.6% in the fourth quarter. Vista Investment Management now owns 52,410 shares of the financial services provider’s stock worth $2,102,000 after acquiring an additional 301 shares during the period. New York State Common Retirement Fund grew its holdings in shares of First Business Financial Services by 70.7% in the fourth quarter. New York State Common Retirement Fund now owns 3,866 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 1,601 shares during the period. Federated Hermes Inc. grew its holdings in shares of First Business Financial Services by 3.9% in the fourth quarter. Federated Hermes Inc. now owns 65,483 shares of the financial services provider’s stock worth $2,626,000 after acquiring an additional 2,444 shares during the period. Uncommon Cents Investing LLC grew its holdings in shares of First Business Financial Services by 4.3% in the fourth quarter. Uncommon Cents Investing LLC now owns 36,255 shares of the financial services provider’s stock worth $1,454,000 after acquiring an additional 1,485 shares during the period. Finally, SG Americas Securities LLC grew its holdings in shares of First Business Financial Services by 28.1% in the fourth quarter. SG Americas Securities LLC now owns 4,280 shares of the financial services provider’s stock worth $172,000 after acquiring an additional 938 shares during the period. Institutional investors own 60.07% of the company’s stock.

First Business Financial Services Company Profile

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 in Wisconsin, Kansas, and Missouri.