Short Interest in First Business Financial Services, Inc. (NASDAQ:FBIZ) Increases By 29.2%

First Business Financial Services, Inc. (NASDAQ:FBIZGet Rating) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 16,800 shares, a growth of 29.2% from the March 15th total of 13,000 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 17,000 shares, the days-to-cover ratio is currently 1.0 days.

FBIZ has been the topic of several recent research reports. StockNews.com initiated coverage on First Business Financial Services in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Zacks Investment Research downgraded First Business Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, April 12th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $33.50.

Institutional investors have recently bought and sold shares of the stock. Lazard Asset Management LLC bought a new position in First Business Financial Services during the fourth quarter worth about $26,000. Hillsdale Investment Management Inc. grew its holdings in First Business Financial Services by 30.0% during the fourth quarter. Hillsdale Investment Management Inc. now owns 2,600 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 600 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of First Business Financial Services by 105.5% during the fourth quarter. Russell Investments Group Ltd. now owns 3,905 shares of the financial services provider’s stock worth $113,000 after acquiring an additional 2,005 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of First Business Financial Services during the fourth quarter worth approximately $140,000. Finally, Trexquant Investment LP bought a new stake in shares of First Business Financial Services during the third quarter worth approximately $234,000. Institutional investors and hedge funds own 58.29% of the company’s stock.

Shares of NASDAQ:FBIZ traded up $0.08 during midday trading on Monday, reaching $32.93. The company had a trading volume of 118 shares, compared to its average volume of 16,669. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.17 and a current ratio of 1.17. The company’s 50 day moving average is $32.72. The firm has a market capitalization of $277.47 million, a PE ratio of 7.92 and a beta of 0.81. First Business Financial Services has a 1-year low of $23.75 and a 1-year high of $34.22.

First Business Financial Services (NASDAQ:FBIZGet Rating) last released its earnings results on Thursday, January 27th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.10. The business had revenue of $28.49 million for the quarter, compared to the consensus estimate of $28.67 million. First Business Financial Services had a return on equity of 16.00% and a net margin of 28.81%. On average, analysts expect that First Business Financial Services will post 3.68 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 17th. Investors of record on Monday, February 7th were issued a dividend of $0.1975 per share. This represents a $0.79 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Friday, February 4th. First Business Financial Services’s payout ratio is currently 19.04%.

About First Business Financial Services (Get Rating)

First Business Financial Services, Inc operates as the bank holding company for First Business Bank that provides commercial banking products and services for small and medium-sized businesses, business owners, executives, professionals, and high net worth individuals. The company offers deposit products, such as non-interest-bearing transaction accounts, interest-bearing transaction accounts, money market accounts, time deposits, and certificates of deposit, as well as credit cards.

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