First Business Financial Services (NASDAQ:FBIZ – Get Free Report) posted its quarterly earnings data on Thursday. The financial services provider reported $1.24 earnings per share 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 company had revenue of $66.39 million during the quarter, compared to analysts’ expectations of $38.80 million. During the same period in the prior year, the company posted $1.17 EPS.
First Business Financial Services Stock Performance
Shares of NASDAQ FBIZ traded down $1.93 during midday trading on Friday, hitting $42.89. The company’s stock had a trading volume of 22,879 shares, compared to its average volume of 15,361. The firm 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 has a 1-year low of $29.33 and a 1-year high of $47.23. The firm’s fifty day moving average price is $43.92 and its 200-day moving average price is $39.10. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.07 and a current ratio of 1.08.
First Business Financial Services Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Thursday, August 8th were given a $0.25 dividend. The ex-dividend date was Thursday, August 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.33%. First Business Financial Services’s payout ratio is currently 23.04%.
Analyst Ratings Changes
Read Our Latest Report on First Business Financial Services
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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