First Business Financial Services, Inc. (NASDAQ:FBIZ) Declares Quarterly Dividend of $0.34

First Business Financial Services, Inc. (NASDAQ:FBIZ) announced a quarterly dividend on Thursday, July 30th. Shareholders of record on Wednesday, August 12th will be given a dividend of 0.34 per share by the financial services provider on Wednesday, August 26th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, August 12th.

First Business Financial Services has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 13 consecutive years. First Business Financial Services has a dividend payout ratio of 22.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect First Business Financial Services to earn $6.75 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 20.1%.

First Business Financial Services Price Performance

Shares of NASDAQ FBIZ opened at $66.90 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.82. The company’s 50-day moving average price is $61.98 and its 200 day moving average price is $58.17. First Business Financial Services has a 52 week low of $45.90 and a 52 week high of $69.83. The stock has a market cap of $559.32 million, a price-to-earnings ratio of 11.02 and a beta of 0.66.

First Business Financial Services (NASDAQ:FBIZ) last posted its earnings results on Thursday, July 30th. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.30. The firm had revenue of $46.70 million for the quarter, compared to analyst estimates of $45.42 million. First Business Financial Services had a return on equity of 14.60% and a net margin of 18.16%. As a group, research analysts forecast that First Business Financial Services will post 6.21 earnings per share for the current fiscal year.

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.