First Business Financial Services (NASDAQ:FBIZ) Stock Breaks Above 200 Day Moving Average – Time to Sell?

First Business Financial Services, Inc. (NASDAQ:FBIZ) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $62.14 and traded as high as $70.53. First Business Financial Services shares last traded at $70.20, with a volume of 173,622 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on FBIZ shares. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of First Business Financial Services in a research report on Friday, September 11th. DA Davidson set a $80.00 target price on shares of First Business Financial Services and gave the stock a “buy” rating in a report on Monday, August 3rd. Piper Sandler reaffirmed an “overweight” rating and set a $84.00 price target (up from $70.00) on shares of First Business Financial Services in a report on Monday, August 3rd. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $74.00 price target (up from $68.00) on shares of First Business Financial Services in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $75.50.

First Business Financial Services Stock Up 0.5%

The company has a 50-day moving average price of $70.30 and a 200 day moving average price of $62.20. The firm has a market capitalization of $590.34 million, a PE ratio of 10.75 and a beta of 0.65. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.06 and a quick ratio of 1.06.

First Business Financial Services (NASDAQ:FBIZ) last released its earnings results on Thursday, July 30th. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.28. The firm had revenue of $46.71 million during the quarter, compared to analysts’ expectations of $45.42 million. First Business Financial Services had a return on equity of 14.92% and a net margin of 19.28%. Analysts forecast that First Business Financial Services, Inc. will post 6.56 earnings per share for the current year.

First Business Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, August 12th. First Business Financial Services’s dividend payout ratio (DPR) is 20.73%.

Insider Activity

In other news, insider Jodi Chandler sold 675 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $70.19, for a total value of $47,378.25. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.00% of the stock is currently owned by insiders.

Institutional Trading of First Business Financial Services

A number of institutional investors and hedge funds have recently bought and sold shares of FBIZ. Sequoia Financial Advisors LLC purchased a new position in shares of First Business Financial Services during the second quarter valued at about $255,000. Integrated Wealth Concepts LLC bought a new position in First Business Financial Services during the second quarter valued at approximately $43,000. Squarepoint Ops LLC boosted its stake in First Business Financial Services by 95.1% during the second quarter. Squarepoint Ops LLC now owns 28,061 shares of the financial services provider’s stock valued at $1,773,000 after buying an additional 13,681 shares during the last quarter. Empowered Funds LLC purchased a new position in First Business Financial Services during the 2nd quarter valued at approximately $2,853,000. Finally, Bank of America Corp DE purchased a new position in First Business Financial Services during the 2nd quarter valued at approximately $1,515,000. 60.07% of the stock is currently owned by institutional investors.

First Business Financial Services Company Profile

First Business Financial Services, Inc is the holding company for First Business Bank, a full-service financial institution focused on serving privately held businesses, business owners, professionals and high-net-worth individuals. Through its banking subsidiary, the company provides commercial banking, business lending and deposit services tailored to the needs of small and middle-market companies.

Its products and services include commercial real estate and working-capital loans, equipment financing, lines of credit, treasury management, checking and savings accounts, certificates of deposit, and other business deposit products.