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

First Business Financial Services, Inc. (NASDAQ:FBIZ) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 traded.

Analysts Set New Price Targets

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

First Business Financial Services Stock Performance

The company has a debt-to-equity ratio of 1.19, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a 50-day simple moving average of $34.87 and a 200-day simple moving average of $35.01. The stock has a market cap of $287.53 million, a P/E ratio of 7.95 and a beta of 0.78.

First Business Financial Services (NASDAQ:FBIZ) last released its earnings results on Thursday, January 25th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.01. First Business Financial Services had a return on equity of 13.95% and a net margin of 16.37%. The firm had revenue of $36.63 million for the quarter, compared to analysts’ expectations of $37.60 million. Research analysts forecast that First Business Financial Services, Inc. will post 4.69 earnings per share 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. Shareholders of record on Thursday, February 8th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date was Wednesday, February 7th. This is a boost from First Business Financial Services’s previous quarterly dividend of $0.22. First Business Financial Services’s payout ratio is currently 22.99%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Riverwater Partners LLC boosted its stake in shares of First Business Financial Services by 88.9% during the third quarter. Riverwater Partners LLC now owns 14,108 shares of the financial services provider’s stock valued at $423,000 after purchasing an additional 6,641 shares in the last quarter. 1834 Investment Advisors Co. acquired a new stake in shares of First Business Financial Services during the fourth quarter valued at about $257,000. Pacific Ridge Capital Partners LLC boosted its stake in shares of First Business Financial Services by 2.7% during 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 purchasing an additional 4,513 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of First Business Financial Services during the third quarter valued at about $100,000. Finally, Federated Hermes Inc. boosted its stake in shares of First Business Financial Services by 3.9% during 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 in the last quarter. Institutional investors 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.