[ad_1]
First Business Financial Services, Inc. (NASDAQ:FBIZ – Get Rating) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $32.28 and traded as high as $33.28. First Business Financial Services shares last traded at $33.00, with a volume of 63,069 shares changing hands.
Separately, StockNews.com began coverage on shares of First Business Financial Services in a research report on Thursday, March 31st. They set a “buy” rating on the stock.
The company has a quick ratio of 1.16, a current ratio of 1.17 and a debt-to-equity ratio of 1.78. The firm has a market cap of $279.44 million, a P/E ratio of 8.15 and a beta of 0.72. The stock’s 50-day simple moving average is $33.76 and its 200 day simple moving average is $32.28.
First Business Financial Services (NASDAQ:FBIZ – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The financial services provider reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.11. First Business Financial Services had a net margin of 27.82% and a return on equity of 15.21%. The firm had revenue of $28.81 million for the quarter, compared to analyst estimates of $28.30 million. On average, research analysts forecast that First Business Financial Services, Inc. will post 3.78 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 19th. Stockholders of record on Monday, May 9th were issued a dividend of $0.1975 per share. The ex-dividend date of this dividend was Friday, May 6th. This represents a $0.79 annualized dividend and a dividend yield of 2.39%. First Business Financial Services’s dividend payout ratio is currently 19.51%.
In related news, Director Carla C. Chavarria acquired 755 shares of the company’s stock in a transaction dated Thursday, April 14th. The shares were purchased at an average price of $33.27 per share, for a total transaction of $25,118.85. Following the completion of the acquisition, the director now owns 3,966 shares of the company’s stock, valued at $131,948.82. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 6.10% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Lazard Asset Management LLC acquired a new stake in shares of First Business Financial Services in the 4th quarter worth about $26,000. UBS Group AG acquired a new stake in shares of First Business Financial Services in the 1st quarter worth about $37,000. Hillsdale Investment Management Inc. raised its holdings in shares of First Business Financial Services by 30.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 2,600 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 600 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of First Business Financial Services by 105.5% in the 4th quarter. Russell Investments Group Ltd. now owns 3,905 shares of the financial services provider’s stock worth $113,000 after acquiring an additional 2,005 shares during the last quarter. Finally, Citigroup Inc. acquired a new stake in shares of First Business Financial Services in the 1st quarter worth about $146,000. Institutional investors own 58.27% of the company’s stock.
First Business Financial Services Company Profile (NASDAQ:FBIZ)
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. The company offers deposit products, such as non-interest-bearing transaction accounts, interest-bearing transaction accounts, money market accounts, time deposits, and certificates of deposit, as well as credit cards.
Featured Stories
Receive News & Ratings for First Business Financial Services Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for First Business Financial Services and related companies with MarketBeat.com’s FREE daily email newsletter.
[ad_2]
Source link
