First Business Financial Services (NASDAQ:FBIZ) Stock Crosses Above 200 Day Moving Average - What's Next?

Key Points

• First Business Financial Services (NASDAQ:FBIZ) recently crossed above its 200-day moving average, indicating potential bullish momentum in the stock, which is currently trading at $51.51.
• Analysts have a positive outlook on FBIZ, with a consensus target price of $57.25 and multiple upgrades, including Piper Sandler raising their price objective to $58.00.
• The company has announced a quarterly dividend of $0.29, reflecting a 2.39% dividend yield and a payout ratio of 21.09%, indicating a stable profit distribution strategy.

Shares of First Business Financial Services, Inc. (NASDAQ:FBIZ - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $49.24 and traded as high as $53.14. First Business Financial Services shares last traded at $51.51, with a volume of 37,796 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on FBIZ shares. Piper Sandler boosted their target price on First Business Financial Services from $57.00 to $58.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. Wall Street Zen upgraded shares of First Business Financial Services from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of First Business Financial Services from $60.00 to $59.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, First Business Financial Services presently has a consensus rating of "Buy" and an average target price of $57.25.

First Business Financial Services Stock Performance

The stock's 50 day moving average price is $50.26 and its two-hundred day moving average price is $49.34. The firm has a market capitalization of $410.21 million, a PE ratio of 8.77 and a beta of 0.66. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.88.

First Business Financial Services (NASDAQ:FBIZ - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.35. First Business Financial Services had a net margin of 17.59% and a return on equity of 14.44%. The firm had revenue of $41.04 million for the quarter, compared to the consensus estimate of $41.55 million. On average, equities analysts expect that First Business Financial Services, Inc. will post 5.43 earnings per share for the current year.

Institutional Investors Weigh In On First Business Financial Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FBIZ. American Century Companies Inc. increased its stake in First Business Financial Services by 43.5% during the 4th quarter. American Century Companies Inc. now owns 111,980 shares of the financial services provider's stock worth $5,184,000 after buying an additional 33,957 shares during the period. JPMorgan Chase & Co. increased its stake in First Business Financial Services by 104.4% during the 4th quarter. JPMorgan Chase & Co. now owns 50,018 shares of the financial services provider's stock worth $2,315,000 after buying an additional 25,550 shares during the period. Wells Fargo & Company MN increased its stake in First Business Financial Services by 28.7% during the 4th quarter. Wells Fargo & Company MN now owns 4,577 shares of the financial services provider's stock worth $212,000 after buying an additional 1,021 shares during the period. Federated Hermes Inc. increased its position in shares of First Business Financial Services by 4.9% in the 4th quarter. Federated Hermes Inc. now owns 69,878 shares of the financial services provider's stock worth $3,235,000 after purchasing an additional 3,295 shares during the last quarter. Finally, Invesco Ltd. bought a new stake in shares of First Business Financial Services in the 4th quarter worth about $3,917,000. Hedge funds and other institutional investors own 60.07% of the company's stock.

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 in Wisconsin, Kansas, and Missouri.