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

First Business Financial Services, Inc. (NASDAQ:FBIZ) declared a quarterly dividend on Thursday, April 23rd. Investors of record on Wednesday, May 6th will be paid a dividend of 0.34 per share by the financial services provider on Wednesday, May 20th. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, May 6th.

First Business Financial Services has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 13 years. First Business Financial Services has a payout ratio of 22.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect First Business Financial Services to earn $6.73 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 20.2%.

First Business Financial Services Price Performance

First Business Financial Services stock opened at $57.29 on Friday. First Business Financial Services has a 52-week low of $45.90 and a 52-week high of $60.53. The firm has a market capitalization of $477.80 million, a P/E ratio of 9.63 and a beta of 0.72. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.70. The firm has a fifty day moving average of $55.43 and a 200-day moving average of $54.45.

First Business Financial Services (NASDAQ:FBIZ) last issued its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.02. First Business Financial Services had a return on equity of 14.77% and a net margin of 18.02%.The company had revenue of $44.29 million for the quarter, compared to analysts’ expectations of $43.40 million. As a group, analysts predict that First Business Financial Services will post 6.05 EPS for the current year.

About First Business Financial Services

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.