LSV Asset Management Has $7.28 Million Stock Holdings in First Business Financial Services, Inc. $FBIZ

LSV Asset Management raised its stake in First Business Financial Services, Inc. (NASDAQ:FBIZ) by 7.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,127 shares of the financial services provider’s stock after acquiring an additional 9,738 shares during the period. LSV Asset Management owned approximately 1.61% of First Business Financial Services worth $7,283,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Daytona Street Capital LLC acquired a new position in First Business Financial Services in the 4th quarter valued at $1,672,000. GSA Capital Partners LLP increased its stake in shares of First Business Financial Services by 149.1% in the 4th quarter. GSA Capital Partners LLP now owns 30,210 shares of the financial services provider’s stock valued at $1,640,000 after purchasing an additional 18,083 shares during the last quarter. Alps Advisors Inc. bought a new position in shares of First Business Financial Services in the 3rd quarter valued at $451,000. Wealth Enhancement Trust Services Inc. bought a new position in shares of First Business Financial Services in the 4th quarter valued at $462,000. Finally, CenterBook Partners LP bought a new position in shares of First Business Financial Services in the 3rd quarter valued at $533,000. 60.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods lifted their price target on First Business Financial Services from $59.00 to $63.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd. Weiss Ratings upgraded First Business Financial Services from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, May 18th. Raymond James Financial set a $64.00 price target on First Business Financial Services in a research note on Monday, April 27th. Piper Sandler reiterated an “overweight” rating and issued a $70.00 price target (up from $61.00) on shares of First Business Financial Services in a research note on Tuesday, February 3rd. Finally, DA Davidson reiterated a “buy” rating and issued a $65.00 price target on shares of First Business Financial Services in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat.com, First Business Financial Services has a consensus rating of “Buy” and a consensus price target of $65.50.

First Business Financial Services Trading Up 1.0%

Shares of FBIZ stock opened at $57.66 on Wednesday. The firm has a market capitalization of $482.04 million, a P/E ratio of 9.50 and a beta of 0.68. First Business Financial Services, Inc. has a twelve month low of $45.90 and a twelve month high of $60.53. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.82. The stock’s fifty day simple moving average is $55.83 and its 200 day simple moving average is $55.43.

First Business Financial Services (NASDAQ:FBIZ) last issued its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.02. The business had revenue of $44.29 million for the quarter, compared to analyst estimates of $43.40 million. First Business Financial Services had a return on equity of 14.60% and a net margin of 18.16%. As a group, sell-side analysts predict that First Business Financial Services, Inc. will post 6.21 EPS for the current fiscal year.

First Business Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Wednesday, May 6th were given a dividend of $0.34 per share. The ex-dividend date was Wednesday, May 6th. This represents a $1.36 dividend on an annualized basis and a yield of 2.4%. First Business Financial Services’s payout ratio is currently 22.41%.

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.