First Business Financial Services, Inc. (FBIZ) To Go Ex-Dividend on February 14th

First Business Financial Services, Inc. (NASDAQ:FBIZ) declared a quarterly dividend on Friday, January 31st,RTT News reports. Investors of record on Friday, February 14th will be paid a dividend of 0.29 per share by the financial services provider on Friday, February 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from First Business Financial Services’s previous quarterly dividend of $0.25.

First Business Financial Services has increased its dividend by an average of 11.6% per year over the last three years and has increased its dividend every year for the last 13 years. First Business Financial Services has a payout ratio of 18.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First Business Financial Services to earn $6.14 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 18.9%.

First Business Financial Services Price Performance

First Business Financial Services stock opened at $55.45 on Wednesday. The company’s 50 day moving average is $47.96 and its two-hundred day moving average is $46.01. The firm has a market cap of $460.24 million, a PE ratio of 10.62 and a beta of 0.88. The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 1.16. First Business Financial Services has a 52-week low of $32.56 and a 52-week high of $56.46.

First Business Financial Services (NASDAQ:FBIZ) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.16. First Business Financial Services had a return on equity of 14.33% and a net margin of 16.86%. On average, research analysts expect that First Business Financial Services will post 5.38 EPS for the current fiscal year.

Insider Activity at First Business Financial Services

In other First Business Financial Services news, Director William Kent Lorenz sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $49.00, for a total value of $49,000.00. Following the completion of the sale, the director now owns 8,341 shares in the company, valued at approximately $408,709. The trade was a 10.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel Ovokaitys sold 4,828 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $54.55, for a total value of $263,367.40. Following the completion of the sale, the insider now directly owns 7,718 shares of the company’s stock, valued at $421,016.90. The trade was a 38.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. StockNews.com raised First Business Financial Services from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd. Piper Sandler lifted their price objective on shares of First Business Financial Services from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Keefe, Bruyette & Woods raised their price target on First Business Financial Services from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Finally, Raymond James increased their price objective on First Business Financial Services from $52.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, First Business Financial Services presently has an average rating of “Buy” and a consensus price target of $58.75.

About First Business Financial Services

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.