First Business Financial Services, Inc. (FBIZ) to Issue Quarterly Dividend of $0.34 on May 20th

First Business Financial Services, Inc. (NASDAQ:FBIZ) declared a quarterly dividend on Thursday, April 23rd. Stockholders of record on Wednesday, May 6th will be given a dividend of 0.34 per share by the financial services provider on Wednesday, May 20th. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Wednesday, May 6th.

First Business Financial Services has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 13 years. First Business Financial Services has a dividend payout ratio of 22.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect First Business Financial Services to earn $6.74 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 20.2%.

First Business Financial Services Price Performance

FBIZ opened at $56.54 on Monday. The stock has a 50-day moving average price of $55.30 and a 200-day moving average price of $54.75. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.04 and a quick ratio of 1.03. The firm has a market cap of $472.67 million, a PE ratio of 9.31 and a beta of 0.68. First Business Financial Services has a 1 year low of $45.90 and a 1 year high of $60.53.

First Business Financial Services (NASDAQ:FBIZ) last posted its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.02. First Business Financial Services had a return on equity of 14.60% and a net margin of 18.16%.The firm had revenue of $44.29 million during the quarter, compared to analyst estimates of $43.40 million. Sell-side analysts predict that First Business Financial Services will post 6.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on FBIZ shares. Keefe, Bruyette & Woods boosted their price objective on shares of First Business Financial Services from $59.00 to $63.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Raymond James Financial set a $64.00 price objective on shares of First Business Financial Services in a report on Monday, April 27th. Weiss Ratings restated a “buy (b)” rating on shares of First Business Financial Services in a report on Tuesday, April 21st. DA Davidson restated a “buy” rating and issued a $65.00 price objective on shares of First Business Financial Services in a report on Monday, April 27th. Finally, Piper Sandler reissued an “overweight” rating and issued a $70.00 target price (up from $61.00) on shares of First Business Financial Services in a research report on Tuesday, February 3rd. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, First Business Financial Services presently has an average rating of “Buy” and an average price target of $65.50.

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.