First Business Financial Services, Inc. (NASDAQ:FBIZ) Given Consensus Rating of “Buy” by Analysts

First Business Financial Services, Inc. (NASDAQ:FBIZ) has been assigned a consensus rating of “Buy” from the four ratings firms that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a buy rating. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $67.00.

FBIZ has been the topic of several recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of First Business Financial Services in a research note on Thursday, January 22nd. Piper Sandler reissued an “overweight” rating and set a $70.00 price target (up from $61.00) on shares of First Business Financial Services in a research report on Tuesday, February 3rd. DA Davidson restated a “buy” rating and set a $68.00 price objective on shares of First Business Financial Services in a research report on Monday, February 2nd. Finally, Keefe, Bruyette & Woods lifted their target price on First Business Financial Services from $59.00 to $63.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd.

Hedge Funds Weigh In On First Business Financial Services

Several institutional investors and hedge funds have recently modified their holdings of FBIZ. LSV Asset Management raised its holdings in shares of First Business Financial Services by 44.6% during the third quarter. LSV Asset Management now owns 124,389 shares of the financial services provider’s stock worth $6,376,000 after acquiring an additional 38,364 shares in the last quarter. Daytona Street Capital LLC acquired a new position in First Business Financial Services in the 4th quarter worth about $1,672,000. Vanguard Group Inc. increased its position in First Business Financial Services by 6.8% in the 3rd quarter. Vanguard Group Inc. now owns 481,681 shares of the financial services provider’s stock worth $24,691,000 after purchasing an additional 30,499 shares during the last quarter. American Century Companies Inc. raised 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 in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of First Business Financial Services by 469.9% during the 3rd quarter. First Trust Advisors LP now owns 30,258 shares of the financial services provider’s stock valued at $1,551,000 after buying an additional 24,949 shares during the last quarter. 60.07% of the stock is currently owned by hedge funds and other institutional investors.

First Business Financial Services Trading Up 0.6%

Shares of FBIZ opened at $59.85 on Monday. The business’s 50-day moving average price is $56.13 and its 200 day moving average price is $52.49. 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 market capitalization of $497.95 million, a P/E ratio of 10.06 and a beta of 0.76. First Business Financial Services has a 1-year low of $42.18 and a 1-year high of $60.46.

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

First Business Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, February 28th. Shareholders of record on Saturday, February 14th will be paid a $0.34 dividend. The ex-dividend date is Friday, February 13th. This represents a $1.36 annualized dividend and a yield of 2.3%. This is a boost from First Business Financial Services’s previous quarterly dividend of $0.29. First Business Financial Services’s dividend payout ratio (DPR) is currently 19.50%.

First Business Financial Services Company Profile

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.