First Business Financial Services, Inc. (FBIZ) to Issue Quarterly Dividend of $0.34 on February 28th

First Business Financial Services, Inc. (NASDAQ:FBIZ) announced a quarterly dividend on Thursday, January 29th. Stockholders of record on Saturday, February 14th will be paid a dividend of 0.34 per share by the financial services provider on Saturday, February 28th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, February 13th. This is a 17.2% increase from First Business Financial Services’s previous quarterly dividend of $0.29.

First Business Financial Services has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 13 years. First Business Financial Services has a payout ratio of 22.4% indicating that its dividend is sufficiently covered by earnings. 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 $1.36 annual dividend with an expected future payout ratio of 22.3%.

First Business Financial Services Stock Down 0.7%

FBIZ stock opened at $59.27 on Wednesday. The company has a market cap of $493.13 million, a price-to-earnings ratio of 9.96 and a beta of 0.76. The firm has a 50-day moving average of $56.40 and a two-hundred day moving average of $52.62. First Business Financial Services has a 12 month low of $42.18 and a 12 month high of $60.53. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.77.

First Business Financial Services (NASDAQ:FBIZ) last posted 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 return on equity of 15.05% and a net margin of 18.02%.The firm had revenue of $42.22 million during the quarter, compared to analysts’ expectations of $43.10 million. As a group, analysts forecast that First Business Financial Services will post 5.43 earnings per share for the current fiscal year.

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.