First Business Financial Services (NASDAQ:FBIZ) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

First Business Financial Services, Inc. (NASDAQ:FBIZ) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $43.31 and traded as high as $46.74. First Business Financial Services shares last traded at $46.73, with a volume of 29,644 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of First Business Financial Services from $53.00 to $58.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Piper Sandler dropped their price target on shares of First Business Financial Services from $56.00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Finally, StockNews.com raised shares of First Business Financial Services from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $51.75.

First Business Financial Services Price Performance

The stock has a market cap of $387.63 million, a P/E ratio of 10.03 and a beta of 0.86. The business has a 50 day simple moving average of $47.74 and a 200-day simple moving average of $43.31. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.09.

First Business Financial Services (NASDAQ:FBIZ) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.04. First Business Financial Services had a net margin of 15.46% and a return on equity of 13.70%. The company had revenue of $66.39 million during the quarter, compared to analyst estimates of $38.80 million. During the same quarter in the prior year, the business earned $1.17 earnings per share. On average, sell-side analysts forecast that First Business Financial Services, Inc. will post 4.78 EPS for the current year.

First Business Financial Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Thursday, November 7th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Thursday, November 7th. First Business Financial Services’s dividend payout ratio is currently 21.46%.

Insider Buying and Selling

In other First Business Financial Services news, CEO Corey A. Chambas sold 40,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $48.81, for a total transaction of $1,952,400.00. Following the completion of the transaction, the chief executive officer now owns 112,750 shares in the company, valued at $5,503,327.50. This trade represents a 26.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William Kent Lorenz sold 1,000 shares of First Business Financial Services stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $49.00, for a total transaction of $49,000.00. Following the completion of the transaction, the director now owns 8,341 shares of the company’s stock, valued at $408,709. The trade was a 10.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,344 shares of company stock valued at $2,275,144. 6.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Segall Bryant & Hamill LLC bought a new stake in First Business Financial Services during the 3rd quarter valued at $1,657,000. De Lisle Partners LLP raised its stake in shares of First Business Financial Services by 43.3% during 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. First Business Financial Services Inc. lifted its holdings in First Business Financial Services by 3.4% during the 3rd quarter. First Business Financial Services Inc. now owns 365,912 shares of the financial services provider’s stock worth $16,682,000 after purchasing an additional 12,194 shares in the last quarter. Fourthstone LLC bought a new position in First Business Financial Services in the 3rd quarter worth about $389,000. Finally, Barclays PLC boosted its stake in First Business Financial Services by 43.8% in the 3rd quarter. Barclays PLC now owns 27,909 shares of the financial services provider’s stock worth $1,273,000 after purchasing an additional 8,497 shares during the period. 60.07% of the stock is 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.