First Business Financial Services, Inc. (NASDAQ:FBIZ) Shareholders to Collect $0.34 Quarterly Dividend

First Business Financial Services, Inc. (NASDAQ:FBIZ) declared a quarterly dividend on Thursday, October 29th. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.34 per share by the financial services provider on Monday, November 30th. This represents a $1.36 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, November 12th.

First Business Financial Services has increased its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 13 years. First Business Financial Services has a dividend payout ratio of 22.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect First Business Financial Services to earn $6.99 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 19.5%.

First Business Financial Services Price Performance

Shares of First Business Financial Services stock traded up $2.13 during midday trading on Friday, hitting $75.89. 284,505 shares of the company traded hands, compared to its average volume of 49,159. The firm’s fifty day moving average price is $70.86 and its 200-day moving average price is $62.24. First Business Financial Services has a 12 month low of $47.87 and a 12 month high of $76.25. The stock has a market cap of $635.24 million, a price-to-earnings ratio of 11.57 and a beta of 0.67. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.06 and a current ratio of 1.06.

First Business Financial Services (NASDAQ:FBIZ) last posted its earnings results on Thursday, October 29th. The financial services provider reported $1.95 EPS for the quarter, topping the consensus estimate of $1.67 by $0.28. The business had revenue of $47.51 million for the quarter, compared to the consensus estimate of $46.88 million. First Business Financial Services had a net margin of 19.28% and a return on equity of 14.92%. As a group, sell-side analysts forecast that First Business Financial Services will post 6.59 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Jodi Chandler sold 675 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $70.19, for a total transaction of $47,378.25. Following the completion of the transaction, the insider owned 22,550 shares of the company’s stock, valued at approximately $1,582,784.50. The trade was a 2.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On First Business Financial Services

Several institutional investors and hedge funds have recently modified their holdings of FBIZ. Integrated Wealth Concepts LLC purchased a new position in shares of First Business Financial Services during the second quarter valued at approximately $43,000. Legal & General Group Plc bought a new stake in shares of First Business Financial Services during the 2nd quarter valued at $51,000. R Squared Ltd lifted its holdings in shares of First Business Financial Services by 15.2% in the first quarter. R Squared Ltd now owns 8,259 shares of the financial services provider’s stock worth $445,000 after buying an additional 1,091 shares in the last quarter. Quantinno Capital Management LP raised its stake in First Business Financial Services by 29.3% during the first quarter. Quantinno Capital Management LP now owns 13,359 shares of the financial services provider’s stock valued at $720,000 after purchasing an additional 3,030 shares in the last quarter. Finally, Algert Global LLC purchased a new stake in First Business Financial Services during the 2nd quarter valued at $226,000. 60.07% of the stock is owned by hedge funds and other institutional investors.

First Business Financial Services Company Profile

First Business Financial Services, Inc is the bank holding company for First Business Bank, a commercial bank focused on serving small and middle-market businesses, business owners and professionals. The company provides relationship-based banking services through a specialized commercial banking model.

Its products and services include commercial and industrial loans, commercial real estate financing, equipment financing, Small Business Administration lending, business deposit accounts, treasury management and cash-management services.