First Business Financial Services (NASDAQ:FBIZ) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

First Business Financial Services, Inc. (NASDAQ:FBIZ)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $46.64 and traded as high as $52.59. First Business Financial Services shares last traded at $51.71, with a volume of 29,093 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. StockNews.com upgraded shares of First Business Financial Services from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods raised their price objective on First Business Financial Services from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Piper Sandler boosted their target price on First Business Financial Services from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Finally, Raymond James increased their target price on First Business Financial Services from $52.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $58.75.

First Business Financial Services Stock Down 0.7 %

The firm has a market cap of $428.93 million, a PE ratio of 9.91 and a beta of 0.88. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.09. The company’s 50-day simple moving average is $48.66 and its two-hundred day simple moving average is $46.64.

First Business Financial Services (NASDAQ:FBIZ) last posted its earnings results on Thursday, January 30th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.16. First Business Financial Services had a return on equity of 14.33% and a net margin of 16.86%. On average, analysts predict that First Business Financial Services, Inc. will post 5.43 earnings per share for the current fiscal year.

First Business Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.29 dividend. This is a positive change from First Business Financial Services’s previous quarterly dividend of $0.25. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Friday, February 14th. First Business Financial Services’s dividend payout ratio (DPR) is currently 22.22%.

Insider Buying and Selling

In other First Business Financial Services news, insider Daniel Ovokaitys sold 4,828 shares of First Business Financial Services stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $54.55, for a total transaction of $263,367.40. Following the sale, the insider now directly owns 7,718 shares of the company’s stock, valued at approximately $421,016.90. The trade was a 38.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. First Business Financial Services Inc. raised its holdings in First Business Financial Services by 3.4% in the third quarter. First Business Financial Services Inc. now owns 365,912 shares of the financial services provider’s stock worth $16,682,000 after purchasing an additional 12,194 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of First Business Financial Services by 307.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 24,468 shares of the financial services provider’s stock worth $1,115,000 after buying an additional 18,458 shares during the period. De Lisle Partners LLP increased its stake in shares of First Business Financial Services by 43.3% in the 3rd quarter. De Lisle Partners LLP now owns 66,774 shares of the financial services provider’s stock worth $3,040,000 after acquiring an additional 20,183 shares in the last quarter. Barclays PLC increased its stake in shares of First Business Financial Services by 43.8% in the 3rd quarter. Barclays PLC now owns 27,909 shares of the financial services provider’s stock worth $1,273,000 after acquiring an additional 8,497 shares in the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new position in First Business Financial Services during the 3rd quarter valued at about $1,657,000. Hedge funds and other institutional investors own 60.07% of the company’s stock.

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.