First Business Financial Services, Inc. (FBIZ) to Issue Quarterly Dividend of $0.13 on November 16th

First Business Financial Services, Inc. (NASDAQ:FBIZ) declared a quarterly dividend on Monday, October 30th, Wall Street Journal reports. Stockholders of record on Monday, November 6th will be paid a dividend of 0.13 per share by the financial services provider on Thursday, November 16th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Friday, November 3rd.

First Business Financial Services (NASDAQ:FBIZ) last issued its earnings results on Thursday, October 26th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.14). First Business Financial Services had a return on equity of 7.20% and a net margin of 12.63%. The firm had revenue of $19.22 million during the quarter, compared to the consensus estimate of $20.00 million.

In related news, Director Jerome J. Smith sold 1,250 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $21.17, for a total value of $26,462.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Charles H. Batson sold 2,300 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $21.25, for a total value of $48,875.00. Following the completion of the sale, the insider now directly owns 26,907 shares of the company’s stock, valued at approximately $571,773.75. The disclosure for this sale can be found here. Company insiders own 8.30% of the company’s stock.

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Several brokerages have recently issued reports on FBIZ. ValuEngine upgraded shares of First Business Financial Services from a “hold” rating to a “buy” rating in a report on Tuesday. Keefe, Bruyette & Woods restated a “hold” rating on shares of First Business Financial Services in a report on Wednesday. Zacks Investment Research cut shares of First Business Financial Services from a “hold” rating to a “strong sell” rating in a report on Wednesday. Finally, TheStreet cut shares of First Business Financial Services from a “b” rating to a “c+” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. First Business Financial Services has an average rating of “Hold” and a consensus price target of $24.50.

First Business Financial Services Company Profile

First Business Financial Services, Inc (FBFS) is a bank holding company. The Company engages in the commercial banking business through its bank subsidiaries, which include First Business Bank (FBB), First Business Bank-Milwaukee (FBB-Milwaukee) and Alterra Bank (Alterra) (FBB and FBB-Milwaukee and, together with FBB, the Banks).

Dividend History for First Business Financial Services (NASDAQ:FBIZ)

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