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

First Business Financial Services, Inc. (NASDAQ:FBIZ) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $52.66 and traded as high as $60.16. First Business Financial Services shares last traded at $58.40, with a volume of 19,684 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have commented on FBIZ. Weiss Ratings reiterated a “buy (b)” rating on shares of First Business Financial Services in a research note on Thursday, January 22nd. Piper Sandler reaffirmed an “overweight” rating and set a $70.00 price target (up from $61.00) on shares of First Business Financial Services in a research report on Tuesday, February 3rd. DA Davidson reiterated a “buy” rating and set a $68.00 price target on shares of First Business Financial Services in a report on Monday, February 2nd. Finally, Keefe, Bruyette & Woods boosted their price objective on First Business Financial Services from $59.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $67.00.

First Business Financial Services Price Performance

The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.77. The business’s fifty day moving average is $56.48 and its 200 day moving average is $52.66. The company has a market cap of $485.89 million, a P/E ratio of 9.82 and a beta of 0.76.

First Business Financial Services (NASDAQ:FBIZ) last announced its quarterly earnings data on Thursday, January 29th. The financial services provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.20. The business had revenue of $42.22 million during the quarter, compared to analyst estimates of $43.10 million. First Business Financial Services had a return on equity of 15.05% and a net margin of 18.02%. As a group, sell-side analysts anticipate that First Business Financial Services, Inc. will post 5.43 EPS for the current year.

First Business Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, February 28th. Investors of record on Saturday, February 14th will be paid a $0.34 dividend. The ex-dividend date is Friday, February 13th. This represents a $1.36 dividend on an annualized basis and a yield of 2.3%. This is an increase from First Business Financial Services’s previous quarterly dividend of $0.29. First Business Financial Services’s dividend payout ratio (DPR) is presently 19.50%.

Hedge Funds Weigh In On First Business Financial Services

Large investors have recently modified their holdings of the business. American Century Companies Inc. boosted its holdings in shares of First Business Financial Services by 17.3% in the second quarter. American Century Companies Inc. now owns 171,490 shares of the financial services provider’s stock worth $8,688,000 after acquiring an additional 25,260 shares during the period. Los Angeles Capital Management LLC lifted its holdings in First Business Financial Services by 133.1% during the 2nd quarter. Los Angeles Capital Management LLC now owns 13,957 shares of the financial services provider’s stock worth $707,000 after purchasing an additional 7,970 shares in the last quarter. De Lisle Partners LLP lifted its holdings in First Business Financial Services by 18.8% during the 2nd quarter. De Lisle Partners LLP now owns 88,640 shares of the financial services provider’s stock worth $4,487,000 after purchasing an additional 14,000 shares in the last quarter. M3F Inc. boosted its stake in First Business Financial Services by 3.1% in the 2nd quarter. M3F Inc. now owns 96,561 shares of the financial services provider’s stock worth $4,892,000 after purchasing an additional 2,943 shares during the period. Finally, Hillsdale Investment Management Inc. grew its holdings in First Business Financial Services by 29.6% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 104,071 shares of the financial services provider’s stock valued at $5,272,000 after buying an additional 23,800 shares in the last quarter. Hedge funds and other institutional investors own 60.07% of the company’s stock.

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.