Jodi Chandler Sells 675 Shares of First Business Financial Services (NASDAQ:FBIZ) Stock

First Business Financial Services, Inc. (NASDAQ:FBIZ) insider Jodi Chandler sold 675 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $70.19, for a total transaction of $47,378.25. Following the transaction, the insider owned 22,550 shares of the company’s stock, valued at $1,582,784.50. This trade represents a 2.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

First Business Financial Services Stock Performance

Shares of NASDAQ:FBIZ opened at $70.85 on Friday. The firm has a fifty day simple moving average of $67.13 and a two-hundred day simple moving average of $60.13. First Business Financial Services, Inc. has a 52 week low of $46.07 and a 52 week high of $73.48. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $593.01 million, a P/E ratio of 10.80 and a beta of 0.66.

First Business Financial Services (NASDAQ:FBIZ) last announced its earnings results on Thursday, July 30th. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.28. The firm had revenue of $46.71 million for the quarter, compared to analysts’ expectations of $45.42 million. First Business Financial Services had a net margin of 19.28% and a return on equity of 14.92%. On average, analysts expect that First Business Financial Services, Inc. will post 6.56 earnings per share for the current fiscal year.

First Business Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, August 12th. First Business Financial Services’s dividend payout ratio (DPR) is presently 20.73%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on FBIZ shares. DA Davidson set a $80.00 target price on First Business Financial Services and gave the company a “buy” rating in a research report on Monday, August 3rd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $74.00 price objective (up from $68.00) on shares of First Business Financial Services in a research note on Monday, August 3rd. Piper Sandler reiterated an “overweight” rating and set a $84.00 price objective (up from $70.00) on shares of First Business Financial Services in a research report on Monday, August 3rd. Finally, Weiss Ratings upgraded shares of First Business Financial Services from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to MarketBeat, First Business Financial Services currently has a consensus rating of “Buy” and an average price target of $75.50.

Hedge Funds Weigh In On First Business Financial Services

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of First Business Financial Services in the second quarter valued at approximately $58,646,000. The Manufacturers Life Insurance Company bought a new position in First Business Financial Services in the second quarter worth about $15,351,000. De Lisle Partners LLP bought a new position in shares of First Business Financial Services during the 2nd quarter worth approximately $6,258,000. Vista Investment Management purchased a new stake in First Business Financial Services during the second quarter valued at approximately $3,307,000. Finally, Empowered Funds LLC purchased a new stake in First Business Financial Services during the second quarter valued at approximately $2,853,000. Institutional investors own 60.07% of the company’s stock.

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.