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

First Business Financial Services, Inc. (NASDAQ:FBIZ) announced a quarterly dividend on Thursday, July 30th. Investors of record on Wednesday, August 12th will be paid a dividend of 0.34 per share by the financial services provider on Wednesday, August 26th. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Wednesday, August 12th.

First Business Financial Services has increased its dividend 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 $6.75 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 20.1%.

First Business Financial Services Price Performance

Shares of NASDAQ:FBIZ opened at $66.90 on Friday. First Business Financial Services has a 12 month low of $45.90 and a 12 month high of $69.83. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.82. The stock has a market cap of $559.32 million, a P/E ratio of 11.02 and a beta of 0.66. The company has a 50 day moving average of $61.98 and a 200 day moving average of $58.17.

First Business Financial Services (NASDAQ:FBIZ) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.30. The company had revenue of $46.70 million for the quarter, compared to the consensus estimate of $45.42 million. First Business Financial Services had a return on equity of 14.60% and a net margin of 18.16%. As a group, sell-side analysts forecast that First Business Financial Services will post 6.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Weiss Ratings upgraded First Business Financial Services from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, June 15th. Raymond James Financial set a $64.00 target price on shares of First Business Financial Services in a research report on Monday, April 27th. Finally, DA Davidson restated a “buy” rating and set a $65.00 price target on shares of First Business Financial Services in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $65.50.

First Business Financial Services Company Profile

First Business Financial Services, Inc (NASDAQ:FBIZ) is a bank holding company headquartered in Madison, Wisconsin, offering a suite of commercial banking and financial services. Through its wholly owned subsidiary, First Business Bank, the company provides relationship-driven lending, deposit and treasury management solutions to small and mid-sized businesses, nonprofit organizations and high-net-worth individuals. Its core products include commercial real estate financing, equipment leasing, SBA-guaranteed lending, and cash management services.

In addition to lending and depository services, First Business Bank delivers investment advisory and wealth management through dedicated trust and private banking teams.