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. The company offers deposit products, such as non-interest-bearing transaction accounts, interest-bearing transaction accounts, money market accounts, time deposits, and certificates of deposit, as well as credit cards. It also provides loan products, including commercial real estate loans, commercial and industrial loans, small business administration loans, and direct financing leases, as well as consumer and other loans comprising home equity, first and second mortgage, and other personal loans for professional and executive clients. The company offers commercial lending, asset-based lending, equipment financing, accounts receivable financing, vendor financing, floorplan financing, treasury management services, and company retirement plans; trust and estate administration, financial planning, investment management, and private banking services; and investment portfolio administrative, asset-liability management, and asset-liability management process validation services for other financial institutions. First Business Financial Services, Inc. was founded in 1909 and is headquartered in Madison, Wisconsin.
First Business Financial Services Trading Up 1.8 %
NASDAQ:FBIZ traded up $0.62 during trading on Friday, reaching $35.50. 18,627 shares of the stock traded hands, compared to its average volume of 27,917. The firm has a market cap of $301.04 million, a price-to-earnings ratio of 8.09 and a beta of 0.75. The stock's 50-day moving average price is $32.38 and its 200 day moving average price is $32.99. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 2.51. First Business Financial Services has a fifty-two week low of $26.57 and a fifty-two week high of $35.92.
First Business Financial Services (NASDAQ:FBIZ - Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.38. The firm had revenue of $30.53 million during the quarter, compared to analysts' expectations of $29.15 million. First Business Financial Services had a net margin of 29.50% and a return on equity of 16.22%. Analysts predict that First Business Financial Services will post 4.16 EPS for the current year.
First Business Financial Services Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 18th. Investors of record on Monday, August 8th will be issued a dividend of $0.1975 per share. This represents a $0.79 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Friday, August 5th. First Business Financial Services's dividend payout ratio is currently 18.00%.
Insider Activity at First Business Financial Services
In related news, Director Gerald L. Kilcoyne purchased 5,000 shares of First Business Financial Services stock in a transaction dated Thursday, August 4th. The stock was bought at an average price of $32.99 per share, for a total transaction of $164,950.00. Following the completion of the acquisition, the director now directly owns 57,501 shares of the company's stock, valued at $1,896,957.99. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 6.10% of the company's stock.