First Business Financial Services, Inc. (FBIZ) To Go Ex-Dividend on February 13th

First Business Financial Services, Inc. (NASDAQ:FBIZGet Free Report) announced a quarterly dividend on Thursday, January 29th. Shareholders of record on Saturday, February 14th will be paid a dividend of 0.34 per share by the financial services provider on Saturday, February 28th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, February 13th. This is a 17.2% increase from First Business Financial Services’s previous quarterly dividend of $0.29.

First Business Financial Services has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 13 consecutive years. First Business Financial Services has a dividend payout ratio of 19.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First Business Financial Services to earn $6.09 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 19.0%.

First Business Financial Services Stock Performance

FBIZ stock opened at $57.32 on Friday. The firm has a market cap of $476.90 million, a PE ratio of 9.63 and a beta of 0.75. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.77. The stock has a 50-day moving average price of $55.41 and a 200-day moving average price of $52.30. First Business Financial Services has a 1-year low of $42.18 and a 1-year high of $59.85.

First Business Financial Services (NASDAQ:FBIZGet Free Report) last issued its earnings results on Thursday, January 29th. The financial services provider reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.20. First Business Financial Services had a return on equity of 15.05% and a net margin of 18.02%.The business had revenue of $42.22 million during the quarter, compared to the consensus estimate of $43.10 million. As a group, equities research analysts expect that First Business Financial Services will post 5.43 earnings per share for the current year.

Key First Business Financial Services News

Here are the key news stories impacting First Business Financial Services this week:

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.

Further Reading

Dividend History for First Business Financial Services (NASDAQ:FBIZ)

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