First Business Financial Services, Inc. (NASDAQ:FBIZ) Declares Quarterly Dividend of $0.25

First Business Financial Services, Inc. (NASDAQ:FBIZ) announced a quarterly dividend on Monday, October 28th, Zacks reports. Stockholders of record on Thursday, November 7th will be paid a dividend of 0.25 per share by the financial services provider on Wednesday, November 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Thursday, November 7th.

First Business Financial Services has raised its dividend payment by an average of 11.3% annually over the last three years and has increased its dividend every year for the last 12 years. First Business Financial Services has a dividend payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect First Business Financial Services to earn $5.22 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 19.2%.

First Business Financial Services Trading Up 0.5 %

Shares of FBIZ stock traded up $0.24 during mid-day trading on Wednesday, hitting $44.49. The company’s stock had a trading volume of 3,481 shares, compared to its average volume of 15,319. The company has a market cap of $368.78 million, a PE ratio of 10.30 and a beta of 0.82. The company’s fifty day simple moving average is $44.00 and its 200-day simple moving average is $39.35. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.07 and a current ratio of 1.08. First Business Financial Services has a 52 week low of $30.50 and a 52 week high of $47.23.

First Business Financial Services (NASDAQ:FBIZ) last issued its earnings results on Thursday, October 24th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.04. First Business Financial Services had a return on equity of 13.87% and a net margin of 15.66%. The firm had revenue of $66.39 million for the quarter, compared to analyst estimates of $38.80 million. During the same period in the previous year, the company posted $1.17 earnings per share. As a group, equities research analysts expect that First Business Financial Services will post 4.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

FBIZ has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $51.00 target price (up previously from $48.00) on shares of First Business Financial Services in a report on Monday, July 29th. Piper Sandler decreased their target price on First Business Financial Services from $56.00 to $53.00 and set an “overweight” rating on the stock in a research note on Tuesday. StockNews.com downgraded First Business Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, DA Davidson raised First Business Financial Services from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $36.00 to $50.00 in a report on Monday, August 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $50.00.

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.