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 1.6 %
FBIZ traded up $0.53 during midday trading on Tuesday, hitting $34.55. 23,012 shares of the company were exchanged, compared to its average volume of 34,340. The firm has a market capitalization of $292.85 million, a P/E ratio of 7.75 and a beta of 0.75. First Business Financial Services has a 1-year low of $26.57 and a 1-year high of $35.92. The firm's 50 day moving average price is $32.40 and its 200-day moving average price is $32.88. 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 (NASDAQ:FBIZ - Get Rating) last announced its earnings results on Thursday, July 28th. The financial services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $0.91 by $0.38. The firm had revenue of $30.53 million for the quarter, compared to the consensus estimate of $29.15 million. First Business Financial Services had a return on equity of 16.22% and a net margin of 29.50%. As a group, equities analysts forecast that First Business Financial Services will post 4.16 EPS for the current fiscal year.
First Business Financial Services Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 18th. Stockholders of record on Monday, August 8th will be paid a $0.1975 dividend. This represents a $0.79 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date is Friday, August 5th. First Business Financial Services's dividend payout ratio is 18.00%.
Insider Activity
In related news, Director Gerald L. Kilcoyne acquired 5,000 shares of the firm's stock in a transaction on Thursday, August 4th. The stock was purchased at an average cost of $32.99 per share, with a total value of $164,950.00. Following the acquisition, the director now owns 57,501 shares of the company's stock, valued at approximately $1,896,957.99. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 6.10% of the stock is owned by company insiders.