First Business Financial Services (NASDAQ:FBIZ) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $53.69 and traded as high as $54.42. First Business Financial Services shares last traded at $53.27, with a volume of 33,489 shares traded.

Analyst Ratings Changes

FBIZ has been the topic of several research analyst reports. Piper Sandler restated an “overweight” rating and set a $70.00 target price (up from $61.00) on shares of First Business Financial Services in a research report on Tuesday, February 3rd. DA Davidson reiterated a “buy” rating and issued a $68.00 target price on shares of First Business Financial Services in a report on Monday, February 2nd. Keefe, Bruyette & Woods boosted their price target on First Business Financial Services from $59.00 to $63.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of First Business Financial Services in a report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating, According to MarketBeat, First Business Financial Services currently has a consensus rating of “Buy” and a consensus price target of $67.00.

First Business Financial Services Stock Up 3.1%

The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.03. The stock’s 50 day simple moving average is $56.01 and its 200 day simple moving average is $53.69. The firm has a market cap of $444.27 million, a P/E ratio of 8.95 and a beta of 0.75.

First Business Financial Services (NASDAQ:FBIZ) last released its quarterly earnings data on Thursday, January 29th. The financial services provider reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.20. First Business Financial Services had a net margin of 18.02% and a return on equity of 14.77%. The firm had revenue of $42.22 million for the quarter, compared to analyst estimates of $43.10 million. Research analysts anticipate that First Business Financial Services, Inc. will post 5.43 EPS for the current year.

First Business Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, February 28th. Shareholders of record on Saturday, February 14th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.36 dividend on an annualized basis and a yield of 2.6%. This is an increase from First Business Financial Services’s previous quarterly dividend of $0.29. First Business Financial Services’s dividend payout ratio is presently 22.86%.

Institutional Investors Weigh In On First Business Financial Services

Institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc lifted its stake in First Business Financial Services by 163.2% during the 3rd quarter. Versant Capital Management Inc now owns 587 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 364 shares in the last quarter. Hollencrest Capital Management lifted its position in shares of First Business Financial Services by 198.0% during the second quarter. Hollencrest Capital Management now owns 611 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 406 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in First Business Financial Services during the third quarter worth about $33,000. State of Alaska Department of Revenue boosted its holdings in First Business Financial Services by 174.2% during 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 during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in First Business Financial Services by 32,175.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,291 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 1,287 shares in the last quarter. 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.