First Business Financial Services (NASDAQ:FBIZ) Stock Crosses Above 200-Day Moving Average of $35.01

First Business Financial Services, Inc. (NASDAQ:FBIZ)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $35.01 and traded as high as $35.42. First Business Financial Services shares last traded at $34.60, with a volume of 27,626 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on FBIZ shares. Piper Sandler reiterated an “overweight” rating and issued a $44.00 price target on shares of First Business Financial Services in a report on Monday, March 18th. Raymond James upped their price target on shares of First Business Financial Services from $40.00 to $46.00 and gave the company an “outperform” rating in a report on Monday, January 29th.

First Business Financial Services Price Performance

The company’s fifty day moving average is $34.87 and its 200 day moving average is $35.04. The firm has a market cap of $287.53 million, a price-to-earnings ratio of 7.95 and a beta of 0.78. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.19.

First Business Financial Services (NASDAQ:FBIZ) last announced its earnings results on Thursday, January 25th. The financial services provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.14 by $0.01. First Business Financial Services had a net margin of 16.37% and a return on equity of 13.95%. The business had revenue of $36.63 million during the quarter, compared to analysts’ expectations of $37.60 million. On average, equities research analysts predict that First Business Financial Services, Inc. will post 4.69 EPS for the current year.

First Business Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Thursday, February 8th were issued a dividend of $0.25 per share. This is a boost from First Business Financial Services’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $1.00 annualized dividend and a yield of 2.89%. First Business Financial Services’s dividend payout ratio is presently 22.99%.

Institutional Trading of First Business Financial Services

A number of large investors have recently added to or reduced their stakes in FBIZ. Riverwater Partners LLC lifted its stake in First Business Financial Services by 88.9% in the third quarter. Riverwater Partners LLC now owns 14,108 shares of the financial services provider’s stock valued at $423,000 after acquiring an additional 6,641 shares during the last quarter. 1834 Investment Advisors Co. acquired a new stake in First Business Financial Services in the fourth quarter valued at $257,000. Pacific Ridge Capital Partners LLC lifted its stake in First Business Financial Services by 2.7% in the third quarter. Pacific Ridge Capital Partners LLC now owns 169,134 shares of the financial services provider’s stock valued at $5,076,000 after acquiring an additional 4,513 shares during the last quarter. SG Americas Securities LLC acquired a new stake in First Business Financial Services in the third quarter valued at $100,000. Finally, Federated Hermes Inc. raised its position in shares of First Business Financial Services by 3.9% in the fourth quarter. Federated Hermes Inc. now owns 65,483 shares of the financial services provider’s stock valued at $2,626,000 after purchasing an additional 2,444 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 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.