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

First Business Financial Services, Inc. (NASDAQ:FBIZ) announced a quarterly dividend on Monday, July 29th, Zacks reports. Investors of record on Saturday, August 31st will be paid a dividend of 0.25 per share by the financial services provider on Monday, September 16th. This represents a $1.00 annualized dividend and a yield of 2.18%. The ex-dividend date is Friday, August 30th.

First Business Financial Services has increased its dividend payment by an average of 11.3% annually over the last three years and has raised its dividend annually for the last 12 consecutive years. First Business Financial Services has a payout ratio of 19.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect First Business Financial Services to earn $5.19 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 19.3%.

First Business Financial Services Stock Performance

Shares of FBIZ stock traded up $0.23 on Tuesday, reaching $45.96. The stock had a trading volume of 716 shares, compared to its average volume of 14,189. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.09 and a current ratio of 1.09. First Business Financial Services has a 1 year low of $28.35 and a 1 year high of $46.77. The stock has a market cap of $381.01 million, a P/E ratio of 10.54 and a beta of 0.83. The company has a 50 day simple moving average of $36.46 and a 200 day simple moving average of $35.64.

First Business Financial Services (NASDAQ:FBIZ) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.14. First Business Financial Services had a net margin of 15.66% and a return on equity of 14.06%. The firm had revenue of $65.34 million for the quarter, compared to analysts’ expectations of $36.73 million. Equities research analysts expect that First Business Financial Services will post 4.52 EPS for the current year.

Analysts Set New Price Targets

FBIZ has been the subject of several analyst reports. Piper Sandler increased their target price on shares of First Business Financial Services from $44.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday. StockNews.com downgraded First Business Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $51.00 target price (up previously from $48.00) on shares of First Business Financial Services in a report on Monday.

Insider Buying and Selling

In other news, Director William Kent Lorenz sold 1,345 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $34.51, for a total value of $46,415.95. Following the sale, the director now directly owns 9,836 shares in the company, valued at approximately $339,440.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 6.30% of the stock is currently owned by company insiders.

First Business Financial Services Company Profile

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.