First Business Financial Services, Inc. $FBIZ Holdings Trimmed by First Business Financial Services Inc.

First Business Financial Services Inc. decreased its holdings in First Business Financial Services, Inc. (NASDAQ:FBIZ) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 361,311 shares of the financial services provider’s stock after selling 12,922 shares during the period. First Business Financial Services comprises approximately 1.8% of First Business Financial Services Inc.’s holdings, making the stock its 10th largest holding. First Business Financial Services Inc.’s holdings in First Business Financial Services were worth $19,619,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of First Business Financial Services by 6.8% during the 3rd quarter. Vanguard Group Inc. now owns 481,681 shares of the financial services provider’s stock worth $24,691,000 after buying an additional 30,499 shares in the last quarter. LSV Asset Management grew its position in shares of First Business Financial Services by 44.6% during the 3rd quarter. LSV Asset Management now owns 124,389 shares of the financial services provider’s stock worth $6,376,000 after buying an additional 38,364 shares in the last quarter. Federated Hermes Inc. grew its position in shares of First Business Financial Services by 0.9% during the 3rd quarter. Federated Hermes Inc. now owns 71,865 shares of the financial services provider’s stock worth $3,684,000 after buying an additional 611 shares in the last quarter. Invesco Ltd. grew its position in shares of First Business Financial Services by 0.7% during the 2nd quarter. Invesco Ltd. now owns 58,169 shares of the financial services provider’s stock worth $2,947,000 after buying an additional 400 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of First Business Financial Services by 10.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 49,509 shares of the financial services provider’s stock worth $2,538,000 after buying an additional 4,763 shares in the last quarter. Institutional investors own 60.07% of the company’s stock.

First Business Financial Services Trading Up 0.3%

First Business Financial Services stock opened at $55.39 on Wednesday. The stock has a 50-day moving average of $55.37 and a two-hundred day moving average of $55.20. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.03 and a current ratio of 1.04. First Business Financial Services, Inc. has a one year low of $45.90 and a one year high of $60.53. The stock has a market cap of $463.06 million, a PE ratio of 9.13 and a beta of 0.68.

First Business Financial Services (NASDAQ:FBIZ) last released its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.02. First Business Financial Services had a return on equity of 14.60% and a net margin of 18.16%.The company had revenue of $44.29 million during the quarter, compared to analysts’ expectations of $43.40 million. On average, research analysts anticipate that First Business Financial Services, Inc. will post 6.21 EPS for the current fiscal year.

First Business Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Wednesday, May 6th will be paid a $0.34 dividend. The ex-dividend date is Wednesday, May 6th. This represents a $1.36 dividend on an annualized basis and a yield of 2.5%. First Business Financial Services’s dividend payout ratio (DPR) is 22.41%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. DA Davidson reissued a “buy” rating and set a $65.00 price target on shares of First Business Financial Services in a research report on Monday, April 27th. Piper Sandler reaffirmed an “overweight” rating and set a $70.00 price objective (up from $61.00) on shares of First Business Financial Services in a research report on Tuesday, February 3rd. Raymond James Financial set a $64.00 price objective on First Business Financial Services in a research report on Monday, April 27th. Keefe, Bruyette & Woods raised their price objective on First Business Financial Services from $59.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings raised First Business Financial Services from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 4th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $65.50.

First Business Financial Services Profile

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.