First Business Financial Services (NASDAQ:FBIZ) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

First Business Financial Services, Inc. (NASDAQ:FBIZ) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $51.79 and traded as high as $54.73. First Business Financial Services shares last traded at $54.54, with a volume of 22,574 shares.

Analysts Set New Price Targets

Several equities research analysts have issued reports on FBIZ shares. Weiss Ratings reissued a “buy (b)” rating on shares of First Business Financial Services in a research report on Wednesday, October 8th. Piper Sandler boosted their price target on First Business Financial Services from $58.00 to $61.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $60.67.

First Business Financial Services Stock Down 0.2%

The business has a 50 day moving average of $53.51 and a two-hundred day moving average of $51.79. The stock has a market capitalization of $453.77 million, a PE ratio of 8.97 and a beta of 0.75. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.03 and a current ratio of 1.03.

First Business Financial Services (NASDAQ:FBIZ) last posted its earnings results on Thursday, October 30th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.31. The company had revenue of $44.29 million for the quarter, compared to analyst estimates of $42.30 million. First Business Financial Services had a return on equity of 14.89% and a net margin of 18.55%. Analysts predict that First Business Financial Services, Inc. will post 5.43 EPS for the current year.

First Business Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, November 19th. First Business Financial Services’s payout ratio is currently 19.08%.

Institutional Trading of First Business Financial Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in First Business Financial Services by 5.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,711 shares of the financial services provider’s stock worth $222,000 after buying an additional 234 shares during the last quarter. Franklin Resources Inc. boosted its holdings in First Business Financial Services by 1.1% in the third quarter. Franklin Resources Inc. now owns 22,213 shares of the financial services provider’s stock worth $1,139,000 after acquiring an additional 239 shares in the last quarter. Uncommon Cents Investing LLC boosted its holdings in First Business Financial Services by 0.7% in the third quarter. Uncommon Cents Investing LLC now owns 34,478 shares of the financial services provider’s stock worth $1,767,000 after acquiring an additional 255 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of First Business Financial Services by 11.1% during the second quarter. Harbor Capital Advisors Inc. now owns 2,883 shares of the financial services provider’s stock worth $146,000 after acquiring an additional 288 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of First Business Financial Services by 6.6% during the second quarter. First Trust Advisors LP now owns 5,309 shares of the financial services provider’s stock valued at $269,000 after acquiring an additional 327 shares in the last quarter. Hedge funds and other institutional investors own 60.07% of the company’s stock.

First Business Financial Services Company Profile

First Business Financial Services, Inc (NASDAQ:FBIZ) is a bank holding company headquartered in Madison, Wisconsin, offering a suite of commercial banking and financial services. Through its wholly owned subsidiary, First Business Bank, the company provides relationship-driven lending, deposit and treasury management solutions to small and mid-sized businesses, nonprofit organizations and high-net-worth individuals. Its core products include commercial real estate financing, equipment leasing, SBA-guaranteed lending, and cash management services.

In addition to lending and depository services, First Business Bank delivers investment advisory and wealth management through dedicated trust and private banking teams.