|Bid||0.00 x 800|
|Ask||0.00 x 2900|
|Day's Range||14.71 - 15.21|
|52 Week Range||12.86 - 27.35|
|Beta (5Y Monthly)||1.10|
|PE Ratio (TTM)||7.37|
|Earnings Date||Oct 22, 2020 - Oct 26, 2020|
|Forward Dividend & Yield||0.66 (4.40%)|
|Ex-Dividend Date||Jul 31, 2020|
|1y Target Est||18.60|
First Business Financial Services, Inc. ("First Business") (Nasdaq: FBIZ) announced its board of directors has declared a quarterly cash dividend on its common stock of $0.165 per share which is equivalent to a dividend yield of 4.48% based on Thursday’s market close price of $14.72. The quarterly dividend is the same as the quarterly dividend declared in April 2020, and, based on our second quarter 2020 earnings per share, represents a dividend payout ratio of 43.4%. This regular cash dividend is payable on August 13, 2020 to shareholders of record at the close of business on August 3, 2020.
First Business Financial Services (FBIZ) delivered earnings and revenue surprises of 26.67% and 2.47%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
First Business Financial Services, Inc. (the "Company" or "First Business") (Nasdaq:FBIZ) reported record net interest income and strong non-interest income, resulting in net income of $3.3 million, or diluted earnings per share of $0.38, in the second quarter 2020. First Business’s robust operating performance during the quarter was offset by a $5.5 million provision for loan and lease losses and related 20.7% increase in the allowance for loan and leases losses primarily due to the COVID-19 pandemic.