First Business Financial Services (NASDAQ:FBIZ) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

First Business Financial Services, Inc. (NASDAQ:FBIZ) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $55.10 and traded as high as $55.35. First Business Financial Services shares last traded at $54.88, with a volume of 20,215 shares changing hands.

Analysts Set New Price Targets

Several research firms have commented on FBIZ. DA Davidson reissued a “buy” rating and set a $65.00 price target on shares of First Business Financial Services in a research report on Monday, April 27th. Piper Sandler reiterated an “overweight” rating and set a $70.00 price target (up from $61.00) on shares of First Business Financial Services in a research note on Tuesday, February 3rd. Weiss Ratings raised shares of First Business Financial Services from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 4th. Raymond James Financial set a $64.00 price target on First Business Financial Services in a report on Monday, April 27th. Finally, Keefe, Bruyette & Woods increased their target price on shares of First Business Financial Services from $59.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $65.50.

First Business Financial Services Price Performance

The stock’s 50 day simple moving average is $55.32 and its two-hundred day simple moving average is $55.10. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.03 and a current ratio of 1.04. The firm has a market capitalization of $458.80 million, a PE ratio of 9.04 and a beta of 0.68.

First Business Financial Services (NASDAQ:FBIZ) last released its quarterly earnings data 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. The firm had revenue of $44.29 million during the quarter, compared to analysts’ expectations of $43.40 million. First Business Financial Services had a net margin of 18.16% and a return on equity of 14.60%. On average, sell-side analysts forecast that First Business Financial Services, Inc. will post 6.21 EPS for the current year.

First Business Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 6th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Wednesday, May 6th. First Business Financial Services’s dividend payout ratio (DPR) is currently 22.41%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FBIZ. Versant Capital Management Inc increased its position in shares of First Business Financial Services by 163.2% in the 3rd quarter. Versant Capital Management Inc now owns 587 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 364 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in First Business Financial Services during the third quarter worth about $33,000. State of Alaska Department of Revenue increased its holdings in First Business Financial Services by 174.2% during the 4th quarter. State of Alaska Department of Revenue now owns 905 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 575 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in First Business Financial Services by 32,175.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,291 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 1,287 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake 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 valued at $96,000 after purchasing an additional 1,476 shares during the last quarter. 60.07% of the stock is owned by institutional investors and hedge funds.

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.