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

First Business Financial Services, Inc. (NASDAQ:FBIZ)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 changing hands.

Wall Street Analysts Forecast Growth

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

First Business Financial Services Trading Up 3.9%

The company has a market cap of $556.19 million, a P/E ratio of 10.96 and a beta of 0.66. The business has a fifty day simple moving average of $59.53 and a 200 day simple moving average of $57.24. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.03 and a current ratio of 1.04.

First Business Financial Services (NASDAQ:FBIZ) last issued its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.02. The business had revenue of $44.29 million during the quarter, compared to the consensus estimate of $43.40 million. First Business Financial Services had a return on equity of 14.60% and a net margin of 18.16%. Analysts anticipate that First Business Financial Services, Inc. will post 6.21 earnings per share for the current fiscal year.

First Business Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Wednesday, May 6th were paid a dividend of $0.34 per share. The ex-dividend date was Wednesday, May 6th. This represents a $1.36 annualized dividend and a yield of 2.0%. First Business Financial Services’s payout ratio is presently 22.41%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FBIZ. Northwestern Mutual Wealth Management Co. acquired a new position in shares of First Business Financial Services in the 3rd quarter valued at about $33,000. State of Alaska Department of Revenue raised its stake in First Business Financial Services by 174.2% during the fourth quarter. State of Alaska Department of Revenue now owns 905 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 575 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in First Business Financial Services by 32,175.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,291 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 1,287 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in First Business Financial Services by 356.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,890 shares of the financial services provider’s stock worth $96,000 after acquiring an additional 1,476 shares during the last quarter. Finally, Virtus Advisers LLC acquired a new position in First Business Financial Services in the third quarter valued at approximately $109,000. 60.07% of the stock is currently owned by 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.