First Business Financial Services (NASDAQ:FBIZ) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

First Business Financial Services, Inc. (NASDAQ:FBIZ)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $47.45 and traded as high as $48.41. First Business Financial Services shares last traded at $48.00, with a volume of 32,724 shares.

Analyst Upgrades and Downgrades

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

First Business Financial Services Stock Performance

The company has a debt-to-equity ratio of 1.16, a current ratio of 1.09 and a quick ratio of 1.08. The company has a market capitalization of $403.10 million, a price-to-earnings ratio of 9.30 and a beta of 0.88. The stock has a 50-day moving average price of $49.90 and a 200-day moving average price of $47.45.

First Business Financial Services (NASDAQ:FBIZ) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.16. First Business Financial Services had a net margin of 16.86% and a return on equity of 14.33%. As a group, analysts forecast that First Business Financial Services, Inc. will post 5.43 earnings per share for the current year.

First Business Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.29 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 2.39%. This is a positive change from First Business Financial Services’s previous quarterly dividend of $0.25. First Business Financial Services’s dividend payout ratio is 22.22%.

Insiders Place Their Bets

In other news, insider Daniel Ovokaitys sold 4,828 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $54.55, for a total value of $263,367.40. Following the transaction, the insider now owns 7,718 shares of the company’s stock, valued at approximately $421,016.90. This represents a 38.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.10% of the company’s stock.

Institutional Trading of First Business Financial Services

Several institutional investors have recently added to or reduced their stakes in FBIZ. GSA Capital Partners LLP increased its position in First Business Financial Services by 38.3% during the 3rd quarter. GSA Capital Partners LLP now owns 9,900 shares of the financial services provider’s stock worth $451,000 after buying an additional 2,740 shares during the period. Segall Bryant & Hamill LLC bought a new position in First Business Financial Services during the third quarter worth about $1,657,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in First Business Financial Services in the 3rd quarter worth about $316,000. De Lisle Partners LLP boosted its holdings in 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 valued at $3,040,000 after purchasing an additional 20,183 shares during the period. Finally, Fourthstone LLC acquired a new position in shares of First Business Financial Services during the 3rd quarter worth approximately $389,000. 60.07% of the stock is currently owned by institutional investors.

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.