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

First Business Financial Services, Inc. (NASDAQ:FBIZ - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $46.64 and traded as high as $52.59. First Business Financial Services shares last traded at $51.71, with a volume of 29,093 shares traded.

Analyst Ratings Changes

FBIZ has been the topic of a number of analyst reports. Piper Sandler upped their price target on First Business Financial Services from $58.00 to $63.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Raymond James upped their target price on First Business Financial Services from $52.00 to $62.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods raised their price target on shares of First Business Financial Services from $58.00 to $60.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Finally, StockNews.com raised shares of First Business Financial Services from a "hold" rating to a "buy" rating in a research note on Monday, February 3rd. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $58.75.

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First Business Financial Services Stock Up 1.5 %

The firm has a market cap of $440.80 million, a price-to-earnings ratio of 10.18 and a beta of 0.88. The firm has a 50 day moving average of $49.05 and a 200 day moving average of $46.87. The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 1.16.

First Business Financial Services (NASDAQ:FBIZ - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.27 by $0.16. First Business Financial Services had a return on equity of 14.33% and a net margin of 16.86%. As a group, sell-side analysts predict that First Business Financial Services, Inc. will post 5.43 earnings per share for the current year.

First Business Financial Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.29 per share. This is a positive change from First Business Financial Services's previous quarterly dividend of $0.25. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, February 14th. First Business Financial Services's dividend payout ratio (DPR) is presently 22.22%.

Insiders Place Their Bets

In related news, insider Daniel Ovokaitys sold 4,828 shares of First Business Financial Services stock in a transaction on Friday, February 7th. The stock was sold at an average price of $54.55, for a total transaction of $263,367.40. Following the sale, the insider now directly owns 7,718 shares in the company, valued at approximately $421,016.90. This trade represents a 38.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On First Business Financial Services

Several large investors have recently made changes to their positions in FBIZ. First Business Financial Services Inc. grew its position in First Business Financial Services by 2.8% during the fourth quarter. First Business Financial Services Inc. now owns 376,088 shares of the financial services provider's stock valued at $17,409,000 after buying an additional 10,176 shares during the period. Geode Capital Management LLC boosted its stake in First Business Financial Services by 1.3% in the third quarter. Geode Capital Management LLC now owns 173,404 shares of the financial services provider's stock valued at $7,907,000 after acquiring an additional 2,200 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its position in shares of First Business Financial Services by 3.9% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 157,761 shares of the financial services provider's stock valued at $7,303,000 after acquiring an additional 5,892 shares during the period. State Street Corp increased its stake in shares of First Business Financial Services by 1.9% during the 3rd quarter. State Street Corp now owns 136,690 shares of the financial services provider's stock worth $6,232,000 after purchasing an additional 2,607 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of First Business Financial Services by 43.5% in the 4th quarter. American Century Companies Inc. now owns 111,980 shares of the financial services provider's stock worth $5,184,000 after purchasing an additional 33,957 shares during the period. 60.07% of the stock is owned by hedge funds and other institutional investors.

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.