Carla C. Chavarria Purchases 755 Shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) Stock

First Business Financial Services, Inc. (NASDAQ:FBIZGet Rating) Director Carla C. Chavarria bought 755 shares of First Business Financial Services stock in a transaction dated Thursday, April 14th. The stock was purchased at an average price of $33.27 per share, with a total value of $25,118.85. Following the purchase, the director now owns 3,966 shares in the company, valued at $131,948.82. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

FBIZ opened at $34.33 on Friday. The firm has a market cap of $289.26 million, a P/E ratio of 8.27 and a beta of 0.81. The firm has a 50-day moving average of $32.85 and a 200 day moving average of $31.22. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.17 and a current ratio of 1.17. First Business Financial Services, Inc. has a fifty-two week low of $24.50 and a fifty-two week high of $35.27.

First Business Financial Services (NASDAQ:FBIZGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The financial services provider reported $1.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.11. First Business Financial Services had a net margin of 28.81% and a return on equity of 16.00%. Equities research analysts predict that First Business Financial Services, Inc. will post 3.68 earnings per share for the current fiscal year.

FBIZ has been the subject of several recent analyst reports. StockNews.com initiated coverage on shares of First Business Financial Services in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Zacks Investment Research lowered shares of First Business Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, April 12th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $33.50.

Institutional investors and hedge funds 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 valued at about $26,000. Hillsdale Investment Management Inc. grew its position 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 valued at $76,000 after buying an additional 600 shares during the period. Russell Investments Group Ltd. grew its position in 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 valued at $113,000 after buying an additional 2,005 shares during the period. JPMorgan Chase & Co. purchased a new stake in First Business Financial Services during the fourth quarter valued at about $140,000. Finally, Trexquant Investment LP purchased a new stake in First Business Financial Services during the third quarter valued at about $234,000. Institutional investors own 58.29% of the company’s stock.

First Business Financial Services Company Profile (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.

Further Reading

Receive News & Ratings for First Business Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Business Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.