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

Key Points

• First Business Financial Services' stock (NASDAQ:FBIZ) recently crossed above its 200-day moving average of $49.47, with recent trading at $49.41.
• The company announced a quarterly dividend of $0.29 per share, representing an annual yield of 2.3%, with the payment date set for August 25th.
• Wall Street analysts have shown optimism, with ratings upgrades from Wall Street Zen and Piper Sandler, with price targets increasing to as high as $58.00.

First Business Financial Services, Inc. (NASDAQ:FBIZ - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $49.47 and traded as high as $49.47. First Business Financial Services shares last traded at $49.41, with a volume of 30,109 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Wall Street Zen upgraded First Business Financial Services from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Piper Sandler upped their target price on First Business Financial Services from $55.00 to $58.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Finally, Keefe, Bruyette & Woods lowered their price target on 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.

First Business Financial Services Stock Down 0.5%

The company has a market cap of $412.17 million, a PE ratio of 8.81 and a beta of 0.70. The stock's 50 day moving average price is $50.19 and its 200-day moving average price is $49.49. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.03 and a current ratio of 1.04.

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 EPS for the quarter, hitting analysts' consensus estimates of $1.35. The business had revenue of $41.04 million for the quarter, compared to analysts' expectations of $41.55 million. First Business Financial Services had a return on equity of 14.22% and a net margin of 17.59%. On average, analysts predict that First Business Financial Services, Inc. will post 5.43 earnings per share for the current year.

First Business Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Monday, August 11th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Monday, August 11th. First Business Financial Services's dividend payout ratio (DPR) is currently 20.64%.

Insider Activity at First Business Financial Services

In other First Business Financial Services news, Director Jason R. Graham purchased 1,000 shares of the stock in a transaction dated Wednesday, July 30th. The shares were purchased at an average cost of $47.87 per share, with a total value of $47,870.00. Following the completion of the acquisition, the director directly owned 3,220 shares in the company, valued at $154,141.40. This trade represents a 45.05% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ralph R. Kauten purchased 10,000 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $1,422,336.80. This represents a 50.62% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 5.10% of the company's stock.

Institutional Trading of First Business Financial Services

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in First Business Financial Services by 12.3% in the first quarter. Vanguard Group Inc. now owns 449,280 shares of the financial services provider's stock worth $21,184,000 after buying an additional 49,254 shares in the last quarter. First Business Financial Services Inc. lifted its stake in shares of First Business Financial Services by 4.7% in the 1st quarter. First Business Financial Services Inc. now owns 393,819 shares of the financial services provider's stock valued at $18,569,000 after purchasing an additional 17,731 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of First Business Financial Services by 4.4% in the 2nd quarter. Geode Capital Management LLC now owns 185,361 shares of the financial services provider's stock valued at $9,392,000 after purchasing an additional 7,797 shares during the last quarter. American Century Companies Inc. raised 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 buying an additional 25,260 shares during the period. Finally, Cutler Capital Management LLC raised its holdings in shares of First Business Financial Services by 0.3% in the second quarter. Cutler Capital Management LLC now owns 155,799 shares of the financial services provider's stock worth $7,893,000 after buying an additional 400 shares during the period. 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.