First Business Financial Services (NASDAQ:FBIZ) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

First Business Financial Services, Inc. (NASDAQ:FBIZ) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $57.18 and traded as high as $64.27. First Business Financial Services shares last traded at $63.30, with a volume of 59,240 shares.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FBIZ. Weiss Ratings raised shares of First Business Financial Services from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, June 15th. Raymond James Financial set a $64.00 price target on First Business Financial Services in a research note on Monday, April 27th. Finally, DA Davidson restated a “buy” rating and issued a $65.00 price target on shares of First Business Financial Services in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, First Business Financial Services presently has a consensus rating of “Buy” and an average target price of $65.50.

First Business Financial Services Stock Down 0.6%

The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.82. The firm has a 50 day moving average price of $59.37 and a 200-day moving average price of $57.18. The firm has a market cap of $529.31 million, a price-to-earnings ratio of 10.43 and a beta of 0.66.

First Business Financial Services (NASDAQ:FBIZ) last issued its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.02. The firm had revenue of $44.29 million for the quarter, compared to analysts’ expectations of $43.40 million. First Business Financial Services had a net margin of 18.16% and a return on equity of 14.60%. On average, equities 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 declared a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Wednesday, May 6th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, May 6th. First Business Financial Services’s dividend payout ratio is 22.41%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC purchased a new stake in First Business Financial Services in the 1st quarter valued at approximately $231,000. Bank of America Corp DE raised its holdings in shares of First Business Financial Services by 36.2% in the first quarter. Bank of America Corp DE now owns 24,024 shares of the financial services provider’s stock worth $1,296,000 after acquiring an additional 6,379 shares during the last quarter. Empowered Funds LLC lifted its position in shares of First Business Financial Services by 9.5% in the first quarter. Empowered Funds LLC now owns 41,982 shares of the financial services provider’s stock valued at $2,264,000 after acquiring an additional 3,655 shares in the last quarter. Quantinno Capital Management LP boosted its stake in shares of First Business Financial Services by 29.3% during the first quarter. Quantinno Capital Management LP now owns 13,359 shares of the financial services provider’s stock valued at $720,000 after acquiring an additional 3,030 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of First Business Financial Services by 34.6% during the first quarter. Lazard Asset Management LLC now owns 16,773 shares of the financial services provider’s stock valued at $905,000 after acquiring an additional 4,312 shares during the last quarter. 60.07% of the stock is currently 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.