First Business Financial Services, Inc. (NASDAQ:FBIZ) to Issue $0.25 Quarterly Dividend

First Business Financial Services, Inc. (NASDAQ:FBIZ) announced a quarterly dividend on Monday, July 29th, Zacks reports. Shareholders of record on Saturday, August 31st will be given a dividend of 0.25 per share by the financial services provider on Monday, September 16th. This represents a $1.00 annualized dividend and a yield of 2.19%. The ex-dividend date is Friday, August 30th.

First Business Financial Services has increased its dividend by an average of 11.3% per year over the last three years and has increased its dividend annually for the last 12 consecutive years. First Business Financial Services has a dividend payout ratio of 19.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect First Business Financial Services to earn $5.19 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 19.3%.

First Business Financial Services Price Performance

First Business Financial Services stock traded up $0.04 during trading hours on Tuesday, hitting $45.73. The stock had a trading volume of 15,707 shares, compared to its average volume of 17,936. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.09 and a quick ratio of 1.09. First Business Financial Services has a 1-year low of $28.35 and a 1-year high of $46.77. The stock’s fifty day moving average is $36.46 and its two-hundred day moving average is $35.64. The stock has a market capitalization of $379.10 million, a price-to-earnings ratio of 10.54 and a beta of 0.83.

First Business Financial Services (NASDAQ:FBIZ) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.14. First Business Financial Services had a return on equity of 14.06% and a net margin of 15.66%. The business had revenue of $65.34 million for the quarter, compared to the consensus estimate of $36.73 million. As a group, analysts predict that First Business Financial Services will post 4.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other First Business Financial Services news, Director William Kent Lorenz sold 1,345 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $34.51, for a total transaction of $46,415.95. Following the completion of the sale, the director now directly owns 9,836 shares in the company, valued at $339,440.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

FBIZ has been the topic of several recent analyst reports. Piper Sandler increased their target price on First Business Financial Services from $44.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday. StockNews.com downgraded First Business Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $51.00 target price (up from $48.00) on shares of First Business Financial Services in a research report on Monday.

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.