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

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First Business Financial Services, Inc. (NASDAQ:FBIZ - Get Free Report) declared a quarterly dividend on Friday, July 25th, RTT News reports. Investors of record on Monday, August 11th will be given a dividend of 0.29 per share by the financial services provider on Monday, August 25th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, August 11th.

First Business Financial Services has a payout ratio of 19.1% indicating that its dividend is sufficiently covered by earnings. 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 Up 0.1%

FBIZ traded up $0.07 during trading on Monday, reaching $46.96. The company had a trading volume of 41,971 shares, compared to its average volume of 47,381. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.04 and a quick ratio of 1.03. First Business Financial Services has a 12 month low of $39.65 and a 12 month high of $56.46. The business's fifty day moving average price is $50.19 and its 200 day moving average price is $49.45. The company has a market cap of $390.71 million, a P/E ratio of 8.36 and a beta of 0.70.

First Business Financial Services (NASDAQ:FBIZ - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The financial services provider reported $1.35 earnings per share for the quarter, meeting analysts' consensus estimates of $1.35. First Business Financial Services had a net margin of 17.59% and a return on equity of 14.22%. The firm had revenue of $41.04 million for the quarter, compared to analyst estimates of $41.55 million. Equities analysts anticipate that First Business Financial Services will post 5.43 EPS for the current year.

Insiders Place Their Bets

In other news, Director Ralph R. Kauten bought 10,000 shares of the stock in a transaction that occurred on Wednesday, July 30th. The shares were acquired at an average cost of $47.80 per share, for a total transaction of $478,000.00. Following the completion of the acquisition, the director owned 29,756 shares in the company, valued at approximately $1,422,336.80. This represents a 50.62% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jason R. Graham bought 1,000 shares of the stock in a transaction that occurred on Wednesday, July 30th. The shares were purchased at an average price of $47.87 per share, for a total transaction of $47,870.00. Following the completion of the acquisition, the director owned 3,220 shares of the company's stock, valued at $154,141.40. The trade was a 45.05% increase in their position. The disclosure for this purchase can be found here. Insiders own 5.10% of the company's stock.

Hedge Funds Weigh In On First Business Financial Services

Institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of First Business Financial Services by 4.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,477 shares of the financial services provider's stock valued at $207,000 after purchasing an additional 206 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of First Business Financial Services by 11.1% in the second quarter. Harbor Capital Advisors Inc. now owns 2,883 shares of the financial services provider's stock valued at $146,000 after purchasing an additional 288 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of First Business Financial Services by 2.1% in the fourth quarter. Hsbc Holdings PLC now owns 14,043 shares of the financial services provider's stock valued at $655,000 after purchasing an additional 293 shares during the last quarter. CWM LLC increased its holdings in shares of First Business Financial Services by 48.7% in the first quarter. CWM LLC now owns 913 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 299 shares during the last quarter. Finally, Federated Hermes Inc. increased its holdings in shares of First Business Financial Services by 0.6% in the first quarter. Federated Hermes Inc. now owns 70,279 shares of the financial services provider's stock valued at $3,314,000 after purchasing an additional 401 shares during the last quarter. 60.07% of the stock is currently owned by institutional investors and hedge funds.

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.