First Business Financial Services, Inc. (NASDAQ:FBIZ) Receives $63.50 Average PT from Brokerages

First Business Financial Services, Inc. (NASDAQ:FBIZ) has earned a consensus recommendation of “Buy” from the four research firms that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have issued a report on the stock in the last year is $67.00.

Several brokerages recently weighed in on FBIZ. DA Davidson reaffirmed a “buy” rating and issued a $68.00 price objective on shares of First Business Financial Services in a report on Monday. Keefe, Bruyette & Woods lifted their price target on shares of First Business Financial Services from $59.00 to $63.00 and gave the company an “outperform” rating in a report on Monday. Piper Sandler reiterated an “overweight” rating and set a $70.00 price objective (up previously from $61.00) on shares of First Business Financial Services in a research note on Tuesday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of First Business Financial Services in a report on Thursday, January 22nd.

First Business Financial Services Stock Up 0.2%

FBIZ stock opened at $59.45 on Monday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.77. The firm has a 50 day simple moving average of $55.84 and a 200-day simple moving average of $52.41. The company has a market capitalization of $494.62 million, a P/E ratio of 9.99 and a beta of 0.76. First Business Financial Services has a twelve month low of $42.18 and a twelve month high of $60.43.

First Business Financial Services (NASDAQ:FBIZ) last posted its quarterly earnings data on Thursday, January 29th. The financial services provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.20. The firm had revenue of $42.22 million for the quarter, compared to the consensus estimate of $43.10 million. First Business Financial Services had a net margin of 18.02% and a return on equity of 15.05%. On average, equities research analysts predict that First Business Financial Services will post 5.43 earnings per share for the current fiscal year.

First Business Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, February 28th. Shareholders of record on Saturday, February 14th will be paid a $0.34 dividend. The ex-dividend date is Friday, February 13th. This is a positive change from First Business Financial Services’s previous quarterly dividend of $0.29. This represents a $1.36 dividend on an annualized basis and a yield of 2.3%. First Business Financial Services’s dividend payout ratio (DPR) is 19.50%.

Institutional Trading of First Business Financial Services

A number of large investors have recently modified their holdings of the company. Versant Capital Management Inc boosted its position in shares of First Business Financial Services by 163.2% during the third quarter. Versant Capital Management Inc now owns 587 shares of the financial services provider’s stock worth $30,000 after buying an additional 364 shares during the period. Hollencrest Capital Management boosted its position in First Business Financial Services by 198.0% during the 2nd quarter. Hollencrest Capital Management now owns 611 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 406 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in shares of First Business Financial Services in the third quarter worth $33,000. State of Alaska Department of Revenue grew its stake in shares of First Business Financial Services by 174.2% in the fourth quarter. State of Alaska Department of Revenue now owns 905 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 575 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of First Business Financial Services by 32,175.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,291 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 1,287 shares during the period. Institutional investors and hedge funds 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.