First Business Financial Services (NASDAQ:FBIZ) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Weiss Ratings upgraded First Business Financial Services from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 4th. Piper Sandler reiterated an “overweight” rating and issued a $70.00 price target (up from $61.00) on shares of First Business Financial Services in a report on Tuesday, February 3rd. Raymond James Financial set a $64.00 price target on First Business Financial Services in a report on Monday, April 27th. DA Davidson reiterated a “buy” rating and issued a $65.00 price target on shares of First Business Financial Services in a report on Monday, April 27th. Finally, Keefe, Bruyette & Woods boosted their price target on 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 research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $65.50.

First Business Financial Services Trading Down 1.9%

The firm has a market capitalization of $449.85 million, a price-to-earnings ratio of 8.86 and a beta of 0.68. 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 business has a fifty day moving average price of $55.30 and a 200 day moving average price of $55.09.

First Business Financial Services (NASDAQ:FBIZ) last released its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.02. The business had revenue of $44.29 million during the quarter, compared to the consensus estimate of $43.40 million. First Business Financial Services had a return on equity of 14.60% and a net margin of 18.16%. As a group, equities analysts forecast that First Business Financial Services, Inc. will post 6.21 earnings per share for the current year.

First Business Financial Services Announces Dividend

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

Institutional Trading of First Business Financial Services

Large investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc increased its holdings in 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 in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in First Business Financial Services in the 3rd quarter valued at $33,000. State of Alaska Department of Revenue increased its holdings in First Business Financial Services by 174.2% in 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 purchasing an additional 575 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings 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 in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in First Business Financial Services by 356.5% in the 2nd 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 in the last quarter. 60.07% of the stock is currently 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.