First Business Financial Services (NASDAQ:FBIZ – Get Free Report) announced its earnings results on Thursday. The financial services provider reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04, Zacks reports. First Business Financial Services had a net margin of 15.66% and a return on equity of 13.87%. The firm had revenue of $66.39 million for the quarter, compared to analysts’ expectations of $38.80 million. During the same quarter in the previous year, the business posted $1.17 EPS.
First Business Financial Services Stock Performance
NASDAQ:FBIZ traded down $1.93 during mid-day trading on Friday, reaching $42.89. The company’s stock had a trading volume of 22,879 shares, compared to its average volume of 15,361. First Business Financial Services has a 12-month low of $29.33 and a 12-month high of $47.23. The firm’s fifty day moving average price is $43.92 and its two-hundred day moving average price is $39.10. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.12. The stock has a market cap of $355.52 million, a P/E ratio of 10.33 and a beta of 0.82.
First Business Financial Services Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Thursday, August 8th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date was Thursday, August 8th. First Business Financial Services’s dividend payout ratio (DPR) is 23.04%.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on FBIZ
About First Business Financial Services
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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