First Business Financial Services (NASDAQ:FBIZ – Get Free Report) posted its quarterly earnings results on Thursday. The financial services provider reported $1.24 EPS for the quarter, beating the consensus estimate of $1.20 by $0.04, Zacks reports. The business had revenue of $66.39 million during the quarter, compared to analyst estimates of $38.80 million. First Business Financial Services had a net margin of 15.66% and a return on equity of 13.87%. During the same period in the previous year, the business posted $1.17 EPS.
First Business Financial Services Price Performance
NASDAQ:FBIZ traded down $1.93 during trading hours on Friday, reaching $42.89. 22,879 shares of the company’s stock were exchanged, compared to its average volume of 15,330. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $355.52 million, a P/E ratio of 10.33 and a beta of 0.82. First Business Financial Services has a 12 month low of $29.33 and a 12 month high of $47.23. The business’s 50-day simple moving average is $43.92 and its two-hundred day simple moving average is $39.10.
First Business Financial Services Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Thursday, August 8th were issued a $0.25 dividend. The ex-dividend date was Thursday, August 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.33%. First Business Financial Services’s payout ratio is currently 23.04%.
Analyst Ratings Changes
View Our Latest Report on First Business Financial Services
About First Business Financial Services
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.
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