First Business Financial Services, Inc. (NASDAQ:FBIZ) Plans $0.29 Quarterly Dividend

First Business Financial Services, Inc. (NASDAQ:FBIZ) announced a quarterly dividend on Thursday, November 6th. Shareholders of record on Wednesday, November 19th will be given a dividend of 0.29 per share by the financial services provider on Wednesday, December 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Wednesday, November 19th.

First Business Financial Services has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 13 consecutive years. First Business Financial Services has a payout ratio of 19.1% indicating that its dividend is sufficiently covered by earnings. Equities research 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 $1.16 annual dividend with an expected future payout ratio of 19.0%.

First Business Financial Services Stock Performance

Shares of NASDAQ:FBIZ traded up $0.19 during midday trading on Friday, reaching $51.59. 3,478 shares of the company’s stock traded hands, compared to its average volume of 35,805. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.03 and a current ratio of 1.04. First Business Financial Services has a one year low of $42.18 and a one year high of $56.46. The company has a market cap of $429.40 million, a price-to-earnings ratio of 9.18 and a beta of 0.75. The stock has a 50 day moving average of $50.85 and a 200 day moving average of $50.03.

First Business Financial Services (NASDAQ:FBIZ) last released its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.39 by $0.31. The company had revenue of $44.29 million during the quarter, compared to the consensus estimate of $42.30 million. First Business Financial Services had a return on equity of 14.22% and a net margin of 17.59%. As a group, equities research analysts anticipate that First Business Financial Services will post 5.43 EPS for the current fiscal year.

About First Business Financial Services

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.