First Business Financial Services, Inc. (NASDAQ:FBIZ – Get Free Report) declared a quarterly dividend on Monday, April 29th, Zacks reports. Shareholders of record on Thursday, May 9th will be paid a dividend of 0.25 per share by the financial services provider on Wednesday, May 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Wednesday, May 8th.
First Business Financial Services has raised its dividend payment by an average of 11.3% annually over the last three years and has increased its dividend every year for the last 12 years. First Business Financial Services has a dividend payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect First Business Financial Services to earn $5.19 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 19.3%.
First Business Financial Services Trading Up 1.3 %
Shares of First Business Financial Services stock opened at $35.30 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.34. The firm has a market cap of $292.64 million, a price-to-earnings ratio of 8.13 and a beta of 0.79. The business has a fifty day simple moving average of $34.62 and a 200-day simple moving average of $35.26. First Business Financial Services has a fifty-two week low of $24.57 and a fifty-two week high of $41.03.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on FBIZ. Raymond James upped their price objective on First Business Financial Services from $40.00 to $46.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Piper Sandler restated an “overweight” rating and issued a $44.00 price objective on shares of First Business Financial Services in a report on Monday, March 18th.
View Our Latest Report on FBIZ
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.
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