First Business Financial Services, Inc. (FBIZ) to Issue Quarterly Dividend of $0.29 on December 3rd

First Business Financial Services, Inc. (NASDAQ:FBIZ) announced a quarterly dividend on Thursday, November 6th. Stockholders of record on Wednesday, November 19th will be given a dividend of 0.29 per share by the financial services provider on Wednesday, December 3rd. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, November 19th.

First Business Financial Services has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 13 consecutive years. First Business Financial Services has a payout ratio of 19.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect First Business Financial Services to earn $6.09 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 19.0%.

First Business Financial Services Stock Performance

Shares of FBIZ stock opened at $51.46 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.04 and a quick ratio of 1.03. The firm has a 50-day moving average of $50.83 and a 200-day moving average of $50.06. First Business Financial Services has a one year low of $42.18 and a one year high of $56.46. The company has a market cap of $428.35 million, a P/E ratio of 9.16 and a beta of 0.75.

First Business Financial Services (NASDAQ:FBIZ) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.31. The business had revenue of $44.29 million during the quarter, compared to the consensus estimate of $42.30 million. First Business Financial Services had a net margin of 17.59% and a return on equity of 14.22%. Equities research analysts forecast that First Business Financial Services will post 5.43 EPS for the current fiscal year.

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.