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

Key Points

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First Business Financial Services, Inc. (NASDAQ:FBIZ - Get Free Report) announced a quarterly dividend on Friday, July 25th, RTT News reports. Investors of record on Monday, August 11th will be paid 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 dividend 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

First Business Financial Services stock traded down $0.73 during midday trading on Friday, reaching $46.89. 87,879 shares of the company's stock were exchanged, compared to its average volume of 42,987. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.05 and a current ratio of 1.04. The stock's 50-day simple moving average is $50.19 and its 200 day simple moving average is $49.40. The firm has a market cap of $390.12 million, a price-to-earnings ratio of 8.34 and a beta of 0.70. First Business Financial Services has a 52 week low of $39.65 and a 52 week high of $56.46.

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

Analyst Ratings Changes

Several research firms have weighed in on FBIZ. Keefe, Bruyette & Woods cut their price objective on shares of First Business Financial Services from $60.00 to $59.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Piper Sandler lifted their price target on First Business Financial Services from $55.00 to $58.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Wall Street Zen raised First Business Financial Services from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, First Business Financial Services currently has an average rating of "Buy" and an average price target of $57.25.

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.