First Business Financial Services, Inc. (NASDAQ:FBIZ) Receives Average Recommendation of “Buy” from Analysts

Shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) have been assigned a consensus rating of “Buy” from the four research firms that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have covered the stock in the last year is $67.00.

Several research analysts have issued reports on FBIZ shares. Piper Sandler restated an “overweight” rating and set a $70.00 target price (up previously from $61.00) on shares of First Business Financial Services in a research report on Tuesday. Keefe, Bruyette & Woods boosted their price objective on First Business Financial Services from $59.00 to $63.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Business Financial Services in a research report on Thursday, January 22nd. Finally, DA Davidson reiterated a “buy” rating and issued a $68.00 target price on shares of First Business Financial Services in a research note on Monday, February 2nd.

First Business Financial Services Stock Up 0.6%

NASDAQ FBIZ opened at $59.85 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.77. First Business Financial Services has a 52 week low of $42.18 and a 52 week high of $60.46. The firm has a market capitalization of $497.95 million, a price-to-earnings ratio of 10.06 and a beta of 0.76. The company has a fifty day moving average of $56.13 and a two-hundred day moving average of $52.50.

First Business Financial Services (NASDAQ:FBIZ) last released its earnings results on Thursday, January 29th. The financial services provider reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.20. First Business Financial Services had a net margin of 18.02% and a return on equity of 15.05%. The firm had revenue of $42.22 million during the quarter, compared to analyst estimates of $43.10 million. On average, analysts predict that First Business Financial Services will post 5.43 earnings per share for the current year.

First Business Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, February 28th. Investors of record on Saturday, February 14th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, February 13th. This is a positive change from First Business Financial Services’s previous quarterly dividend of $0.29. First Business Financial Services’s dividend payout ratio (DPR) is 19.50%.

Hedge Funds Weigh In On First Business Financial Services

A number of institutional investors have recently modified their holdings of FBIZ. Vanguard Group Inc. raised its stake in shares of First Business Financial Services by 6.8% during the third quarter. Vanguard Group Inc. now owns 481,681 shares of the financial services provider’s stock valued at $24,691,000 after acquiring an additional 30,499 shares in the last quarter. Geode Capital Management LLC increased its holdings in First Business Financial Services by 4.4% during the 2nd quarter. Geode Capital Management LLC now owns 185,361 shares of the financial services provider’s stock worth $9,392,000 after purchasing an additional 7,797 shares during the period. American Century Companies Inc. raised its position in First Business Financial Services by 17.3% during the 2nd quarter. American Century Companies Inc. now owns 171,490 shares of the financial services provider’s stock valued at $8,688,000 after purchasing an additional 25,260 shares in the last quarter. Cutler Capital Management LLC lifted its holdings in shares of First Business Financial Services by 0.3% in the 2nd quarter. Cutler Capital Management LLC now owns 155,799 shares of the financial services provider’s stock worth $7,893,000 after buying an additional 400 shares during the period. Finally, LSV Asset Management lifted its holdings in shares of First Business Financial Services by 7.8% in the 4th quarter. LSV Asset Management now owns 134,127 shares of the financial services provider’s stock worth $7,283,000 after buying an additional 9,738 shares during the period. 60.07% of the stock is owned by hedge funds and other institutional investors.

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.