First Business Financial Services, Inc. (NASDAQ:FBIZ – Get 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%
First Business Financial Services (NASDAQ:FBIZ – Get 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
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.
Featured Stories
- Five stocks we like better than First Business Financial Services
- Microsoft Just Gave Investors 3 Dates They Can’t Afford to Ignore
- NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
- The World Cup Is Coming—These 3 Stocks Could Cash In
- Spotify’s “North Star” Outlook Was Music to Investors Ears
Receive News & Ratings for First Business Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Business Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.
