First Business Financial Services (NASDAQ:FBIZ) Share Price Passes Above 200 Day Moving Average of $33.88

First Business Financial Services, Inc. (NASDAQ:FBIZGet 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 $33.88 and traded as high as $36.27. First Business Financial Services shares last traded at $35.83, with a volume of 15,071 shares.

Wall Street Analysts Forecast Growth

Separately, Raymond James upped their price target on 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.

Check Out Our Latest Report on First Business Financial Services

First Business Financial Services Price Performance

The stock has a fifty day moving average of $37.55 and a 200-day moving average of $33.88. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $297.75 million, a price-to-earnings ratio of 8.24 and a beta of 0.80.

First Business Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 21st. Shareholders of record on Thursday, February 8th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $1.00 dividend on an annualized basis and a yield of 2.79%. This is a boost from First Business Financial Services’s previous quarterly dividend of $0.22. First Business Financial Services’s payout ratio is currently 22.99%.

Institutional Investors Weigh In On First Business Financial Services

Several large investors have recently modified their holdings of FBIZ. UBS Group AG purchased a new stake in shares of First Business Financial Services during the first quarter worth approximately $37,000. Tower Research Capital LLC TRC raised its stake in shares of First Business Financial Services by 426.2% during the third quarter. Tower Research Capital LLC TRC now owns 1,447 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,172 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of First Business Financial Services by 2,496.3% during the second quarter. BNP Paribas Arbitrage SA now owns 2,129 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 2,047 shares during the last quarter. Citigroup Inc. raised its stake in shares of First Business Financial Services by 6,011.6% during the second quarter. Citigroup Inc. now owns 2,628 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 2,585 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of First Business Financial Services by 99.3% during the second quarter. Wells Fargo & Company MN now owns 2,990 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 1,490 shares during the last quarter. Hedge funds and other institutional investors own 63.63% of the company’s stock.

First Business Financial Services Company Profile

(Get Free Report)

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. It offers deposit products, such as non-interest-bearing transaction accounts, interest-bearing transaction accounts, money market accounts, time deposits, and certificates of deposit.

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