First Business Financial Services (NASDAQ:FBIZ) Shares Pass Above 200 Day Moving Average - Here's Why

Shares of First Business Financial Services, Inc. (NASDAQ:FBIZ - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $47.45 and traded as high as $48.41. First Business Financial Services shares last traded at $48.00, with a volume of 32,724 shares changing hands.

Analysts Set New Price Targets

Several analysts have weighed in on the company. StockNews.com upgraded First Business Financial Services from a "hold" rating to a "buy" rating in a research report on Monday, February 3rd. Piper Sandler upped their price target on shares of First Business Financial Services from $58.00 to $63.00 and gave the company an "overweight" rating in a report on Tuesday, February 4th. 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, Raymond James upped their price objective on shares of First Business Financial Services from $52.00 to $62.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, First Business Financial Services currently has a consensus rating of "Buy" and a consensus target price of $58.75.

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First Business Financial Services Trading Down 2.2 %

The company has a current ratio of 1.09, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16. The company has a market cap of $394.21 million, a PE ratio of 9.10 and a beta of 0.88. The stock has a 50 day moving average price of $50.08 and a 200 day moving average price of $47.48.

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

First Business Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from First Business Financial Services's previous quarterly dividend of $0.25. This represents a $1.16 annualized dividend and a dividend yield of 2.44%. First Business Financial Services's dividend payout ratio (DPR) is presently 22.22%.

Insider Transactions at First Business Financial Services

In other First Business Financial Services 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 value of $263,367.40. Following the completion of the sale, the insider now owns 7,718 shares of the company's stock, valued at approximately $421,016.90. This trade represents a 38.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.10% of the stock is owned by insiders.

Institutional Investors Weigh In On First Business Financial Services

Several institutional investors have recently modified their holdings of the business. R Squared Ltd bought a new position in First Business Financial Services during the 4th quarter valued at about $49,000. Public Employees Retirement System of Ohio purchased a new stake in First Business Financial Services in the fourth quarter worth approximately $81,000. Virtus Investment Advisers Inc. bought a new stake in First Business Financial Services in the 4th quarter worth approximately $95,000. BNP Paribas Financial Markets grew its position in First Business Financial Services by 28.9% in the 4th quarter. BNP Paribas Financial Markets now owns 2,183 shares of the financial services provider's stock worth $101,000 after purchasing an additional 490 shares during the period. Finally, SG Americas Securities LLC raised its stake in First Business Financial Services by 24.8% during the 4th quarter. SG Americas Securities LLC now owns 3,412 shares of the financial services provider's stock valued at $158,000 after buying an additional 679 shares during the last quarter. 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.