First Business Financial Services (NASDAQ:FBIZ) Sets New 12-Month High – What’s Next?

First Business Financial Services, Inc. (NASDAQ:FBIZGet Free Report)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $60.75 and last traded at $60.6060, with a volume of 14001 shares traded. The stock had previously closed at $59.24.

Wall Street Analyst Weigh In

Several research firms have commented on FBIZ. DA Davidson restated a “buy” rating and issued a $65.00 price objective on shares of First Business Financial Services in a research report on Monday, April 27th. Weiss Ratings lowered First Business Financial Services from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, June 1st. Finally, Raymond James Financial set a $64.00 target price on First Business Financial Services in a research note on Monday, April 27th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, First Business Financial Services presently has a consensus rating of “Buy” and an average target price of $65.50.

Get Our Latest Analysis on FBIZ

First Business Financial Services Trading Down 0.5%

The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.03 and a current ratio of 1.04. The firm has a market capitalization of $499.68 million, a price-to-earnings ratio of 9.85 and a beta of 0.68. The company has a 50 day moving average price of $57.03 and a two-hundred day moving average price of $55.98.

First Business Financial Services (NASDAQ:FBIZGet Free Report) last announced its earnings results on Thursday, April 23rd. The financial services provider reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.02. The business had revenue of $44.29 million during the quarter, compared to the consensus estimate of $43.40 million. First Business Financial Services had a return on equity of 14.60% and a net margin of 18.16%. On average, research analysts forecast that First Business Financial Services, Inc. will post 6.21 EPS for the current year.

First Business Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 6th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, May 6th. First Business Financial Services’s dividend payout ratio is presently 22.41%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. acquired a new position in First Business Financial Services in the 3rd quarter valued at $33,000. State of Alaska Department of Revenue raised its stake in First Business Financial Services by 174.2% in the 4th quarter. State of Alaska Department of Revenue now owns 905 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 575 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake 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 valued at $65,000 after purchasing an additional 1,287 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in First Business Financial Services by 356.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,890 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 1,476 shares during the last quarter. Finally, Virtus Advisers LLC acquired a new position in First Business Financial Services in the 3rd quarter valued at $109,000. 60.07% of the stock is owned by institutional investors and hedge funds.

First Business Financial Services Company Profile

(Get Free Report)

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.

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