First Business Financial Services, Inc. (FBIZ) To Go Ex-Dividend on November 12th

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

First Business Financial Services has increased its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 13 consecutive years. First Business Financial Services has a payout ratio of 22.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect First Business Financial Services to earn $7.16 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 19.0%.

First Business Financial Services Stock Up 2.2%

Shares of First Business Financial Services stock opened at $75.81 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. First Business Financial Services has a 52-week low of $49.36 and a 52-week high of $79.53. The company has a market capitalization of $631.50 million, a P/E ratio of 11.59 and a beta of 0.68. The company has a 50 day moving average of $71.71 and a 200 day moving average of $62.93.

First Business Financial Services (NASDAQ:FBIZ) last announced its quarterly earnings data on Thursday, October 29th. The financial services provider reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.28. The company 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 19.93% and a return on equity of 15.04%. As a group, research analysts forecast that First Business Financial Services will post 6.94 EPS for the current fiscal year.

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.