First Business Financial Services, Inc. (NASDAQ:FBIZ) Short Interest Down 29.8% in May

First Business Financial Services, Inc. (NASDAQ:FBIZGet Rating) was the target of a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 21,700 shares, a decrease of 29.8% from the May 15th total of 30,900 shares. Based on an average daily volume of 28,400 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.3% of the shares of the stock are short sold.

Shares of NASDAQ:FBIZ traded up $0.09 during midday trading on Tuesday, reaching $32.02. 23 shares of the company were exchanged, compared to its average volume of 37,898. The company has a current ratio of 1.17, a quick ratio of 1.16 and a debt-to-equity ratio of 1.78. The business’s fifty day moving average is $33.76 and its two-hundred day moving average is $32.16. First Business Financial Services has a one year low of $25.69 and a one year high of $35.92. The stock has a market cap of $271.21 million, a PE ratio of 7.88 and a beta of 0.72.

First Business Financial Services (NASDAQ:FBIZGet Rating) last released its quarterly earnings results on Thursday, April 28th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.11. The company had revenue of $28.81 million for the quarter, compared to the consensus estimate of $28.30 million. First Business Financial Services had a net margin of 27.82% and a return on equity of 15.21%. As a group, sell-side analysts expect that First Business Financial Services will post 3.78 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 19th. Investors of record on Monday, May 9th were paid a dividend of $0.1975 per share. This represents a $0.79 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Friday, May 6th. First Business Financial Services’s payout ratio is 19.51%.

In other news, Director Carla C. Chavarria purchased 755 shares of the company’s stock in a transaction on Thursday, April 14th. The stock was acquired at an average cost of $33.27 per share, for a total transaction of $25,118.85. Following the completion of the transaction, the director now directly owns 3,966 shares in the company, valued at approximately $131,948.82. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.10% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. River Oaks Capital LLC purchased a new stake in shares of First Business Financial Services in the fourth quarter valued at $3,525,000. Banc Funds Co. LLC raised its stake in shares of First Business Financial Services by 16.9% in the first quarter. Banc Funds Co. LLC now owns 514,871 shares of the financial services provider’s stock valued at $16,893,000 after acquiring an additional 74,261 shares during the period. EAM Investors LLC purchased a new stake in shares of First Business Financial Services in the first quarter valued at $1,260,000. The Manufacturers Life Insurance Company increased its stake in First Business Financial Services by 7.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 345,558 shares of the financial services provider’s stock worth $10,080,000 after buying an additional 25,190 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of First Business Financial Services by 90.0% in the third quarter. Goldman Sachs Group Inc. now owns 50,739 shares of the financial services provider’s stock valued at $1,457,000 after purchasing an additional 24,034 shares during the period. 58.27% of the stock is currently owned by institutional investors.

Separately, StockNews.com began coverage on shares of First Business Financial Services in a research report on Thursday, March 31st. They set a “buy” rating for the company.

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.

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.