First Business Financial Services, Inc. (NASDAQ:FBIZ) Plans $0.25 Quarterly Dividend

First Business Financial Services, Inc. (NASDAQ:FBIZ - Get Free Report) declared a quarterly dividend on Monday, October 28th, Zacks reports. Investors of record on Thursday, November 7th will be given a dividend of 0.25 per share by the financial services provider on Wednesday, November 20th. This represents a $1.00 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Thursday, November 7th.

First Business Financial Services has raised its dividend by an average of 11.3% annually over the last three years and has increased its dividend every year for the last 12 years. First Business Financial Services has a payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect First Business Financial Services to earn $5.22 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 19.2%.

First Business Financial Services Trading Down 0.8 %

NASDAQ:FBIZ traded down $0.37 on Wednesday, reaching $43.88. The company's stock had a trading volume of 12,291 shares, compared to its average volume of 15,361. The firm has a market cap of $363.72 million, a price-to-earnings ratio of 10.30 and a beta of 0.82. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.12. First Business Financial Services has a 12-month low of $30.50 and a 12-month high of $47.23. The stock has a 50 day moving average price of $44.00 and a 200 day moving average price of $39.35.

First Business Financial Services (NASDAQ:FBIZ - Get Free Report) last posted its earnings results on Thursday, October 24th. The financial services provider reported $1.24 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.04. The company had revenue of $66.39 million for the quarter, compared to analysts' expectations of $38.80 million. First Business Financial Services had a net margin of 15.66% and a return on equity of 13.87%. During the same quarter in the prior year, the company posted $1.17 earnings per share. On average, equities analysts anticipate that First Business Financial Services will post 4.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FBIZ has been the topic of a number of recent research reports. StockNews.com lowered shares of First Business Financial Services from a "buy" rating to a "hold" rating in a research note on Wednesday, October 23rd. DA Davidson raised First Business Financial Services from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $36.00 to $50.00 in a research note on Monday, August 5th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $51.00 price target (up previously from $48.00) on shares of First Business Financial Services in a research report on Monday, July 29th. Finally, Piper Sandler lowered their price objective on First Business Financial Services from $56.00 to $53.00 and set an "overweight" rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $50.00.

First Business Financial Services Company Profile

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.