First Business Financial Services (NASDAQ:FBIZ) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• First Business Financial Services' stock price has exceeded its 200-day moving average of $49.51, reaching a current price of $50.99.
• The company has received a "buy" rating from several analysts, with an average target price of $59.67 according to MarketBeat.
• First Business Financial Services declared a quarterly dividend of $0.29 per share, reflecting a yield of 2.3% based on an annualized payout of $1.16.

First Business Financial Services, Inc. (NASDAQ:FBIZ - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $49.51 and traded as high as $51.52. First Business Financial Services shares last traded at $50.99, with a volume of 31,011 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of First Business Financial Services in a report on Saturday, September 27th. Piper Sandler lifted their price objective on shares of First Business Financial Services from $55.00 to $58.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $59.67.

First Business Financial Services Stock Up 1.5%

The stock has a market cap of $424.24 million, a price-to-earnings ratio of 9.07 and a beta of 0.68. The business's 50 day moving average is $50.44 and its 200-day moving average is $49.51. 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 posted its quarterly earnings data on Thursday, July 24th. The financial services provider reported $1.35 earnings per share for the quarter, hitting 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 company had revenue of $41.04 million during the quarter, compared to analysts' expectations of $41.55 million. On average, sell-side analysts predict that First Business Financial Services, Inc. will post 5.43 EPS for the current fiscal year.

First Business Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 11th were paid a $0.29 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.16 dividend on an annualized basis and a yield of 2.3%. First Business Financial Services's dividend payout ratio (DPR) is currently 20.64%.

Insider Activity at First Business Financial Services

In other news, Director Jason R. Graham bought 1,000 shares of First Business Financial Services stock in a transaction on Wednesday, July 30th. The stock was acquired at an average price 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 of the company's stock, valued at $154,141.40. The trade was a 45.05% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ralph R. Kauten bought 10,000 shares of the firm's stock in a transaction dated Wednesday, July 30th. The stock was purchased at an average price of $47.80 per share, for a total transaction of $478,000.00. Following the transaction, 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. 5.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On First Business Financial Services

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in First Business Financial Services by 12.3% in the 1st quarter. Vanguard Group Inc. now owns 449,280 shares of the financial services provider's stock valued at $21,184,000 after buying an additional 49,254 shares in the last quarter. American Century Companies Inc. boosted its position in shares of First Business Financial Services by 30.6% during the 1st quarter. American Century Companies Inc. now owns 146,230 shares of the financial services provider's stock valued at $6,895,000 after acquiring an additional 34,250 shares during the last quarter. Hillsdale Investment Management Inc. grew its holdings in shares of First Business Financial Services by 29.6% in the second quarter. Hillsdale Investment Management Inc. now owns 104,071 shares of the financial services provider's stock valued at $5,272,000 after purchasing an additional 23,800 shares during the period. Nuveen LLC acquired a new stake in First Business Financial Services during the first quarter worth about $1,085,000. Finally, Ameriprise Financial Inc. raised its stake in First Business Financial Services by 85.0% during the second quarter. Ameriprise Financial Inc. now owns 44,746 shares of the financial services provider's stock worth $2,267,000 after purchasing an additional 20,557 shares during the period. 60.07% of the stock is owned by hedge funds and other institutional investors.

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.

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