First Business Financial Services (NASDAQ:FBIZ) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $58.93 and traded as high as $70.94. First Business Financial Services shares last traded at $70.43, with a volume of 42,051 shares traded.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. DA Davidson set a $80.00 price target on shares of First Business Financial Services and gave the company a “buy” rating in a research report on Monday, August 3rd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $74.00 price objective (up from $68.00) on shares of First Business Financial Services in a research report on Monday, August 3rd. Weiss Ratings upgraded shares of First Business Financial Services from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, June 15th. Raymond James Financial set a $64.00 target price on First Business Financial Services in a research report on Monday, April 27th. Finally, Piper Sandler restated an “overweight” rating and set a $84.00 price target (up from $70.00) on shares of First Business Financial Services in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $75.50.

First Business Financial Services Price Performance

The firm has a market cap of $592.93 million, a price-to-earnings ratio of 10.80 and a beta of 0.66. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.90. The company’s 50-day moving average price is $64.25 and its 200-day moving average price is $59.02.

First Business Financial Services (NASDAQ:FBIZ) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.84 EPS for the quarter, beating the consensus estimate of $1.56 by $0.28. First Business Financial Services had a net margin of 19.28% and a return on equity of 14.92%. The business had revenue of $46.71 million during the quarter, compared to analyst estimates of $45.42 million. On average, equities research analysts forecast that First Business Financial Services, Inc. will post 6.56 EPS for the current year.

First Business Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be paid a $0.34 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $1.36 annualized dividend and a dividend yield of 1.9%. First Business Financial Services’s payout ratio is 20.73%.

Institutional Trading of First Business Financial Services

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in First Business Financial Services during the 2nd quarter worth $58,646,000. Vanguard Group Inc. boosted its stake in shares of 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 valued at $24,691,000 after buying an additional 30,499 shares during the period. Geode Capital Management LLC grew its position in shares of First Business Financial Services by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 235,050 shares of the financial services provider’s stock worth $12,765,000 after buying an additional 6,347 shares in the last quarter. LSV Asset Management grew its position in shares of First Business Financial Services by 7.8% during the fourth quarter. LSV Asset Management now owns 134,127 shares of the financial services provider’s stock worth $7,283,000 after buying an additional 9,738 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of First Business Financial Services by 26.7% during the fourth quarter. AQR Capital Management LLC now owns 105,951 shares of the financial services provider’s stock worth $5,753,000 after buying an additional 22,334 shares during the period. 60.07% of the stock is currently owned by institutional investors and hedge funds.

About First Business Financial Services

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.