First Business Financial Services (NASDAQ:FBIZ) Share Price Crosses Above 200 Day Moving Average - What's Next?

First Business Financial Services, Inc. (NASDAQ:FBIZ - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $42.77 and traded as high as $49.15. First Business Financial Services shares last traded at $49.04, with a volume of 29,124 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on FBIZ shares. Keefe, Bruyette & Woods lifted their price target on First Business Financial Services from $53.00 to $58.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th. StockNews.com raised First Business Financial Services from a "hold" rating to a "buy" rating in a research note on Thursday, October 31st. Finally, Piper Sandler dropped their target price on First Business Financial Services from $56.00 to $53.00 and set an "overweight" rating on the stock in a report on Tuesday, October 29th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $51.75.

First Business Financial Services Price Performance

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 stock has a fifty day simple moving average of $47.40 and a 200-day simple moving average of $42.88. The stock has a market cap of $405.87 million, a price-to-earnings ratio of 10.52 and a beta of 0.86.

First Business Financial Services (NASDAQ:FBIZ - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.04. First Business Financial Services had a return on equity of 13.70% and a net margin of 15.46%. The company had revenue of $66.39 million for the quarter, compared to analyst estimates of $38.80 million. During the same quarter last year, the firm earned $1.17 EPS. As a group, equities research analysts expect that First Business Financial Services, Inc. will post 4.78 EPS for the current year.

First Business Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Thursday, November 7th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.00 annualized dividend and a dividend yield of 2.04%. First Business Financial Services's dividend payout ratio (DPR) is currently 21.46%.

Insider Activity at First Business Financial Services

In other news, CEO Corey A. Chambas sold 40,000 shares of the firm's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $48.81, for a total transaction of $1,952,400.00. Following the completion of the transaction, the chief executive officer now owns 112,750 shares of the company's stock, valued at approximately $5,503,327.50. This trade represents a 26.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Kent Lorenz sold 1,000 shares of First Business Financial Services stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $49.00, for a total transaction of $49,000.00. Following the transaction, the director now owns 8,341 shares in the company, valued at approximately $408,709. This trade represents a 10.71 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,344 shares of company stock valued at $2,275,144. Corporate insiders own 6.30% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in First Business Financial Services during the third quarter worth approximately $125,000. ERn Financial LLC bought a new stake in First Business Financial Services during the 3rd quarter valued at $210,000. Creative Planning acquired a new position in First Business Financial Services during the third quarter worth $216,000. Beese Fulmer Investment Management Inc. purchased a new stake in shares of First Business Financial Services in the third quarter worth approximately $217,000. Finally, Squarepoint Ops LLC bought a new stake in First Business Financial Services during the second quarter worth $204,000. 60.07% of the stock is owned by 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.