First Business Financial Services, Inc. (NASDAQ:FBIZ – Get Free Report) announced a quarterly dividend on Monday, April 29th, Zacks reports. Investors of record on Thursday, May 9th will be given a dividend of 0.25 per share by the financial services provider on Wednesday, May 22nd. This represents a $1.00 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Wednesday, May 8th.
First Business Financial Services has increased its dividend by an average of 11.3% per year over the last three years and has raised its dividend annually for the last 12 consecutive years. First Business Financial Services has a dividend payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect First Business Financial Services to earn $5.19 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 19.3%.
First Business Financial Services Price Performance
Shares of NASDAQ:FBIZ opened at $35.70 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $295.95 million, a PE ratio of 8.23 and a beta of 0.79. The firm has a 50 day moving average of $34.64 and a 200-day moving average of $35.30. First Business Financial Services has a 12 month low of $24.57 and a 12 month high of $41.03.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on FBIZ. Piper Sandler restated an “overweight” rating and issued a $44.00 price target on shares of First Business Financial Services in a research note on Monday, March 18th. Raymond James boosted their target price on shares of First Business Financial Services from $40.00 to $46.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th.
Read Our Latest Stock Report on First Business Financial Services
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.
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