First Business Financial Services, Inc. (NASDAQ:FBIZ) Shares Sold by Eidelman Virant Capital

Eidelman Virant Capital lessened its stake in First Business Financial Services, Inc. (NASDAQ:FBIZGet Rating) by 22.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 10,500 shares of the financial services provider’s stock after selling 3,000 shares during the period. Eidelman Virant Capital’s holdings in First Business Financial Services were worth $344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Kennedy Capital Management Inc. boosted its stake in First Business Financial Services by 10.1% in the fourth quarter. Kennedy Capital Management Inc. now owns 19,855 shares of the financial services provider’s stock valued at $579,000 after acquiring an additional 1,821 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of First Business Financial Services by 12.6% during the fourth quarter. Acadian Asset Management LLC now owns 55,953 shares of the financial services provider’s stock worth $1,631,000 after buying an additional 6,244 shares during the period. Pacific Ridge Capital Partners LLC boosted its stake in shares of First Business Financial Services by 5.1% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 304,236 shares of the financial services provider’s stock worth $8,875,000 after buying an additional 14,900 shares during the period. Gator Capital Management LLC acquired a new stake in shares of First Business Financial Services during the fourth quarter worth about $694,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of First Business Financial Services by 9.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,266 shares of the financial services provider’s stock worth $299,000 after buying an additional 868 shares during the period. Institutional investors own 58.27% of the company’s stock.

First Business Financial Services stock traded up $0.71 during mid-day trading on Wednesday, reaching $33.00. The company had a trading volume of 63,069 shares, compared to its average volume of 39,951. First Business Financial Services, Inc. has a 1 year low of $25.69 and a 1 year high of $35.92. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.17 and a quick ratio of 1.16. The company has a market capitalization of $279.51 million, a P/E ratio of 8.15 and a beta of 0.72. The stock’s 50-day simple moving average is $33.76 and its 200-day simple moving average is $32.28.

First Business Financial Services (NASDAQ:FBIZGet Rating) last issued its 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. First Business Financial Services had a net margin of 27.82% and a return on equity of 15.21%. The company had revenue of $28.81 million during the quarter, compared to analysts’ expectations of $28.30 million. On average, equities analysts forecast that First Business Financial Services, Inc. will post 3.78 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, May 19th. Shareholders of record on Monday, May 9th were issued a $0.1975 dividend. The ex-dividend date was Friday, May 6th. This represents a $0.79 dividend on an annualized basis and a yield of 2.39%. First Business Financial Services’s dividend payout ratio (DPR) is presently 19.51%.

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

In related news, Director Carla C. Chavarria bought 755 shares of the company’s stock in a transaction on Thursday, April 14th. The stock was bought at an average cost of $33.27 per share, with a total value of $25,118.85. Following the completion of the acquisition, the director now owns 3,966 shares in the company, valued at approximately $131,948.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 6.10% of the company’s stock.

First Business Financial Services 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.

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Institutional Ownership by Quarter for First Business Financial Services (NASDAQ:FBIZ)

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