First Business Financial Services (NASDAQ:FBIZ) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

by · The Markets Daily

First Business Financial Services, Inc. (NASDAQ:FBIZ – Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $51.48 and traded as high as $55.17. First Business Financial Services shares last traded at $54.89, with a volume of 18,806 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have issued reports on FBIZ shares. Piper Sandler increased their price target on First Business Financial Services from $58.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Weiss Ratings restated a “buy (b)” rating on shares of First Business Financial Services in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $60.67.

View Our Latest Report on First Business Financial Services

First Business Financial Services Trading Down 0.8%

The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $451.78 million, a P/E ratio of 8.93 and a beta of 0.74. The firm has a 50 day simple moving average of $53.18 and a two-hundred day simple moving average of $51.55.

First Business Financial Services (NASDAQ:FBIZ – Get Free Report) last posted its earnings results on Thursday, October 30th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.31. First Business Financial Services had a net margin of 18.55% and a return on equity of 14.89%. The firm had revenue of $44.29 million during the quarter, compared to analyst estimates of $42.30 million. Equities research analysts forecast that First Business Financial Services, Inc. will post 5.43 earnings per share for the current year.

First Business Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Wednesday, November 19th. First Business Financial Services’s payout ratio is presently 19.08%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FBIZ. LSV Asset Management increased its position in shares of First Business Financial Services by 44.6% during the 3rd quarter. LSV Asset Management now owns 124,389 shares of the financial services provider’s stock valued at $6,376,000 after purchasing an additional 38,364 shares during the last quarter. Vanguard Group Inc. grew its position in shares of First Business Financial Services by 6.8% during the 3rd quarter. Vanguard Group Inc. now owns 481,681 shares of the financial services provider’s stock valued at $24,691,000 after acquiring an additional 30,499 shares during the period. American Century Companies Inc. increased its stake in shares of First Business Financial Services by 17.3% during the 2nd quarter. American Century Companies Inc. now owns 171,490 shares of the financial services provider’s stock worth $8,688,000 after purchasing an additional 25,260 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of First Business Financial Services by 469.9% in the 3rd quarter. First Trust Advisors LP now owns 30,258 shares of the financial services provider’s stock worth $1,551,000 after purchasing an additional 24,949 shares during the period. Finally, Hillsdale Investment Management Inc. lifted its stake in First Business Financial Services by 29.6% in the second quarter. Hillsdale Investment Management Inc. now owns 104,071 shares of the financial services provider’s stock valued at $5,272,000 after purchasing an additional 23,800 shares during the last quarter. Hedge funds and other institutional investors own 60.07% of the company’s stock.

First Business Financial Services Company Profile

(Get Free Report)

First Business Financial Services, Inc (NASDAQ:FBIZ) is a bank holding company headquartered in Madison, Wisconsin, offering a suite of commercial banking and financial services. Through its wholly owned subsidiary, First Business Bank, the company provides relationship-driven lending, deposit and treasury management solutions to small and mid-sized businesses, nonprofit organizations and high-net-worth individuals. Its core products include commercial real estate financing, equipment leasing, SBA-guaranteed lending, and cash management services.

In addition to lending and depository services, First Business Bank delivers investment advisory and wealth management through dedicated trust and private banking teams.

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