First Business Financial Services, Inc. (NASDAQ:FBIZ) Declares Quarterly Dividend of $0.25

First Business Financial Services, Inc. (NASDAQ:FBIZ - Get Free Report) declared a quarterly dividend on Monday, April 29th, Zacks reports. Stockholders of record on Thursday, May 9th will be given a dividend of 0.25 per share by the financial services provider on Wednesday, May 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Wednesday, May 8th.

First Business Financial Services has increased its dividend by an average of 11.3% annually over the last three years and has increased its dividend every year for the last 12 years. First Business Financial Services has a payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First Business Financial Services to earn $5.23 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 19.1%.

First Business Financial Services Price Performance

Shares of NASDAQ FBIZ traded down $0.13 during mid-day trading on Tuesday, reaching $33.07. The company's stock had a trading volume of 16,524 shares, compared to its average volume of 13,475. The firm has a market capitalization of $274.81 million, a PE ratio of 7.65 and a beta of 0.78. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a fifty day moving average of $34.71 and a two-hundred day moving average of $35.14. First Business Financial Services has a 52 week low of $24.57 and a 52 week high of $41.03.

First Business Financial Services (NASDAQ:FBIZ - Get Free Report) last released its quarterly earnings data on Friday, April 26th. The financial services provider reported $1.04 earnings per share for the quarter, missing analysts' consensus estimates of $1.13 by ($0.09). First Business Financial Services had a return on equity of 13.72% and a net margin of 15.48%. The business had revenue of $62.54 million during the quarter, compared to the consensus estimate of $37.47 million. As a group, sell-side analysts anticipate that First Business Financial Services will post 4.69 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on FBIZ. Raymond James increased their price target on First Business Financial Services from $40.00 to $46.00 and gave the company an "outperform" rating in a research note on Monday, January 29th. Piper Sandler restated an "overweight" rating and set a $44.00 price objective on shares of First Business Financial Services in a research report on Monday, March 18th.

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.