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DA Davidson started coverage on shares of First Business Financial Services (NASDAQ:FBIZ) in a research note issued on Monday. The firm set a “buy” rating and a $53.00 price target on the stock. DA Davidson’s target price points to a potential upside of 17.70% from the company’s current price.

First Business Financial Services (NASDAQ:FBIZ) traded up 1.60% during mid-day trading on Monday, hitting $45.75. The stock had a trading volume of 27,088 shares. First Business Financial Services has a one year low of $29.97 and a one year high of $49.13. The stock’s 50-day moving average is $44.32 and its 200-day moving average is $45.17. The company has a market cap of $180.5 million and a P/E ratio of 12.56.

First Business Financial Services (NASDAQ:FBIZ) last released its earnings data on Monday, July 28th. The company reported $0.88 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.90 by $0.02. On average, analysts predict that First Business Financial Services will post $3.73 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, August 25th. Investors of record on Monday, August 11th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Thursday, August 7th.

Separately, analysts at FIG Partners upgraded shares of First Business Financial Services from a “market perform” rating to an “outperform” rating in a research note on Monday, July 28th. They now have a $48.00 price target on the stock, down previously from $49.00.

First Business Financial Services, Inc (NASDAQ:FBIZ) is a bank holding company engaged in the commercial banking business through its wholly owned subsidiaries, First Business Bank and First Business Bank – Milwaukee (the Banks).

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