First Business Financial Services (NASDAQ:FBIZ) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

First Business Financial Services, Inc. (NASDAQ:FBIZ) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $53.69 and traded as high as $54.42. First Business Financial Services shares last traded at $53.27, with a volume of 33,489 shares traded.

Analyst Upgrades and Downgrades

FBIZ has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Business Financial Services in a report on Thursday, January 22nd. Piper Sandler reissued an “overweight” rating and set a $70.00 target price (up from $61.00) on shares of First Business Financial Services in a report on Tuesday, February 3rd. DA Davidson restated a “buy” rating and set a $68.00 target price on shares of First Business Financial Services in a research report on Monday, February 2nd. Finally, Keefe, Bruyette & Woods upped their price target on shares of First Business Financial Services from $59.00 to $63.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, First Business Financial Services currently has an average rating of “Buy” and a consensus target price of $67.00.

First Business Financial Services Stock Performance

The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.03. The firm’s 50 day moving average is $55.93 and its 200-day moving average is $53.70. The stock has a market capitalization of $444.52 million, a price-to-earnings ratio of 8.96 and a beta of 0.75.

First Business Financial Services (NASDAQ:FBIZ) last released its quarterly earnings results on Thursday, January 29th. The financial services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.38 by $0.20. First Business Financial Services had a net margin of 18.02% and a return on equity of 14.77%. The company had revenue of $42.22 million for the quarter, compared to analyst estimates of $43.10 million. Analysts forecast that First Business Financial Services, Inc. will post 5.43 earnings per share for the current fiscal year.

First Business Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, February 28th. Investors of record on Saturday, February 14th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, February 13th. This is a positive change from First Business Financial Services’s previous quarterly dividend of $0.29. First Business Financial Services’s payout ratio is currently 22.86%.

Institutional Trading of First Business Financial Services

Several large investors have recently made changes to their positions in the company. LSV Asset Management boosted its stake in First Business Financial Services by 44.6% during the third quarter. LSV Asset Management now owns 124,389 shares of the financial services provider’s stock worth $6,376,000 after buying an additional 38,364 shares during the last quarter. Federated Hermes Inc. raised its stake in First Business Financial Services by 45.8% during the fourth quarter. Federated Hermes Inc. now owns 104,764 shares of the financial services provider’s stock worth $5,689,000 after purchasing an additional 32,899 shares during the period. Daytona Street Capital LLC acquired a new position in First Business Financial Services in the 4th quarter valued at about $1,672,000. Vanguard Group Inc. grew its stake in shares of First Business Financial Services by 6.8% in the 3rd quarter. Vanguard Group Inc. now owns 481,681 shares of the financial services provider’s stock valued at $24,691,000 after buying an additional 30,499 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of First Business Financial Services by 17.3% during the 2nd quarter. American Century Companies Inc. now owns 171,490 shares of the financial services provider’s stock worth $8,688,000 after buying an additional 25,260 shares during the last quarter. 60.07% of the stock is currently owned by hedge funds and other institutional investors.

About First Business Financial Services

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.