First Business Financial Services Inc (NASDAQ:FBIZ) declared a quarterly dividend on Friday, July 26th, Fidelity reports. Stockholders of record on Monday, August 5th will be paid a dividend of 0.15 per share by the financial services provider on Thursday, August 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Friday, August 2nd.
First Business Financial Services has increased its dividend by an average of 8.4% per year over the last three years and has increased its dividend every year for the last 2 years. First Business Financial Services has a payout ratio of 33.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect First Business Financial Services to earn $2.30 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 26.1%.
First Business Financial Services stock opened at $23.45 on Friday. The company has a market cap of $205.70 million, a price-to-earnings ratio of 12.61, a PEG ratio of 1.22 and a beta of 0.83. The business’s 50 day simple moving average is $23.65 and its 200 day simple moving average is $22.54. First Business Financial Services has a 12 month low of $18.76 and a 12 month high of $25.00. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.63.
Several research firms have recently weighed in on FBIZ. DA Davidson cut shares of First Business Financial Services from a “buy” rating to a “neutral” rating in a report on Tuesday, July 9th. They noted that the move was a valuation call. TheStreet raised shares of First Business Financial Services from a “c+” rating to a “b-” rating in a report on Wednesday, July 10th. Zacks Investment Research raised shares of First Business Financial Services from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Tuesday, July 30th. Finally, ValuEngine cut shares of First Business Financial Services from a “hold” rating to a “sell” rating in a report on Thursday, August 8th.
In related news, Director William Kent Lorenz sold 2,000 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $23.10, for a total value of $46,200.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.30% of the stock is owned by corporate 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. The company offers deposit products, such as non-interest-bearing transaction accounts, interest-bearing transaction accounts, money market accounts, time deposits, and certificates of deposit.
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