First Business Financial Services, Inc. (NASDAQ:FBIZ) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in shares of First Business Financial Services, Inc. (NASDAQ:FBIZ – Get Rating) by 5.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 516,545 shares of the financial services provider’s stock after acquiring an additional 26,477 shares during the quarter. Dimensional Fund Advisors LP owned about 6.13% of First Business Financial Services worth $16,690,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of FBIZ. Banc Funds Co. LLC increased its holdings in First Business Financial Services by 11.4% in the 2nd quarter. Banc Funds Co. LLC now owns 573,371 shares of the financial services provider’s stock worth $17,883,000 after buying an additional 58,500 shares during the period. State Street Corp increased its holdings in First Business Financial Services by 207.6% in the 2nd quarter. State Street Corp now owns 80,973 shares of the financial services provider’s stock worth $2,526,000 after buying an additional 54,646 shares during the period. Northern Trust Corp grew its stake in shares of First Business Financial Services by 113.5% during the 2nd quarter. Northern Trust Corp now owns 100,124 shares of the financial services provider’s stock worth $3,123,000 after purchasing an additional 53,225 shares during the period. John W. Rosenthal Capital Management Inc. acquired a new stake in shares of First Business Financial Services during the 3rd quarter worth approximately $1,616,000. Finally, M3F Inc. grew its stake in shares of First Business Financial Services by 18.5% during the 2nd quarter. M3F Inc. now owns 291,171 shares of the financial services provider’s stock worth $9,082,000 after purchasing an additional 45,557 shares during the period. Institutional investors and hedge funds own 66.11% of the company’s stock.

Insider Activity

In other news, General Counsel Barbara Mccarty Conley sold 3,005 shares of the stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $37.50, for a total transaction of $112,687.50. Following the transaction, the general counsel now owns 27,002 shares in the company, valued at approximately $1,012,575. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 6.10% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of First Business Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday, February 15th.

First Business Financial Services Price Performance

Shares of NASDAQ FBIZ opened at $35.10 on Wednesday. The stock has a market capitalization of $292.98 million, a price-to-earnings ratio of 7.41 and a beta of 0.72. First Business Financial Services, Inc. has a 12 month low of $29.84 and a 12 month high of $39.88. The firm’s 50 day simple moving average is $35.57 and its 200-day simple moving average is $35.70. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.18 and a quick ratio of 1.18.

First Business Financial Services (NASDAQ:FBIZ – Get Rating) last issued its quarterly earnings data on Thursday, January 26th. The financial services provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. First Business Financial Services had a net margin of 27.09% and a return on equity of 17.01%. The business had revenue of $34.43 million for the quarter, compared to analysts’ expectations of $34.35 million. Analysts expect that First Business Financial Services, Inc. will post 4.51 EPS for the current year.

First Business Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 16th. Stockholders of record on Monday, February 6th were given a dividend of $0.228 per share. This is a positive change from First Business Financial Services’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, February 3rd. This represents a $0.91 dividend on an annualized basis and a dividend yield of 2.60%. First Business Financial Services’s dividend payout ratio (DPR) is 19.20%.

About First Business Financial Services

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First Business Financial Services, Inc operates as a bank holding company, which engages in the provision of commercial banking services. It offers treasury and investment management, commercial lending, equipment finance, retirement plans, trust and estate administration, private banking and asset-based lending.