First Business Financial Services (NASDAQ:FBIZ) Sets New 1-Year High – Should You Buy?

Shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) hit a new 52-week high on Wednesday . The company traded as high as $60.43 and last traded at $60.3650, with a volume of 12096 shares traded. The stock had previously closed at $59.33.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. 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 note on Tuesday. Weiss Ratings reiterated a “buy (b)” rating on shares of First Business Financial Services in a research report on Thursday, January 22nd. DA Davidson restated a “buy” rating and issued a $68.00 price target on shares of First Business Financial Services in a research report on Monday. Finally, Keefe, Bruyette & Woods raised their price target on shares of First Business Financial Services from $59.00 to $63.00 and gave the company an “outperform” rating in a research note on Monday. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $67.00.

First Business Financial Services Stock Performance

The company’s 50-day moving average price is $55.70 and its two-hundred day moving average price is $52.36. The company has a market capitalization of $494.62 million, a price-to-earnings ratio of 9.99 and a beta of 0.76. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.03 and a quick ratio of 1.03.

First Business Financial Services (NASDAQ:FBIZ) last issued its quarterly earnings results on Thursday, January 29th. The financial services provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $42.22 million for the quarter, compared to analysts’ expectations of $43.10 million. On average, equities research analysts anticipate that First Business Financial Services, Inc. will post 5.43 EPS for the current fiscal year.

First Business Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, February 28th. Investors of record on Saturday, February 14th will be paid a dividend of $0.34 per share. This is an increase from First Business Financial Services’s previous quarterly dividend of $0.29. This represents a $1.36 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, February 13th. First Business Financial Services’s payout ratio is 19.50%.

Hedge Funds Weigh In On First Business Financial Services

Institutional investors and hedge funds have recently modified their holdings of the business. R Squared Ltd bought a new stake in shares of First Business Financial Services in the 4th quarter valued at $389,000. Wealth Enhancement Trust Services Inc. acquired a new stake in First Business Financial Services in the fourth quarter worth $462,000. CWM LLC increased its stake in First Business Financial Services by 10.9% in the fourth quarter. CWM LLC now owns 4,927 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 486 shares in the last quarter. State of Alaska Department of Revenue increased its stake in First Business Financial Services by 174.2% in the fourth quarter. State of Alaska Department of Revenue now owns 905 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 575 shares in the last quarter. Finally, Daytona Street Capital LLC acquired a new position in shares of First Business Financial Services during the fourth quarter valued at about $1,672,000. 60.07% of the stock is currently owned by institutional investors.

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.