Dimensional Fund Advisors LP Decreases Position in First Business Financial Services, Inc. (NASDAQ:FBIZ)

Dimensional Fund Advisors LP reduced its stake in shares of First Business Financial Services, Inc. (NASDAQ:FBIZFree Report) by 0.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 525,683 shares of the financial services provider’s stock after selling 406 shares during the quarter. Dimensional Fund Advisors LP owned 6.33% of First Business Financial Services worth $21,080,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. New York State Common Retirement Fund raised its stake in shares of First Business Financial Services by 70.7% during the fourth quarter. New York State Common Retirement Fund now owns 3,866 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 1,601 shares during the period. Federated Hermes Inc. increased its stake in First Business Financial Services by 3.9% during the 4th quarter. Federated Hermes Inc. now owns 65,483 shares of the financial services provider’s stock worth $2,626,000 after buying an additional 2,444 shares during the period. Uncommon Cents Investing LLC lifted its holdings in First Business Financial Services by 4.3% in the 4th quarter. Uncommon Cents Investing LLC now owns 36,255 shares of the financial services provider’s stock worth $1,454,000 after buying an additional 1,485 shares in the last quarter. SG Americas Securities LLC boosted its position in First Business Financial Services by 28.1% in the 4th quarter. SG Americas Securities LLC now owns 4,280 shares of the financial services provider’s stock valued at $172,000 after buying an additional 938 shares during the last quarter. Finally, 1834 Investment Advisors Co. acquired a new stake in shares of First Business Financial Services during the fourth quarter valued at about $257,000. 60.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reissued an “overweight” rating and issued a $44.00 price target on shares of First Business Financial Services in a report on Monday, March 18th.

Read Our Latest Stock Report on First Business Financial Services

Insider Buying and Selling

In other First Business Financial Services news, Director William Kent Lorenz sold 1,345 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $34.51, for a total transaction of $46,415.95. Following the completion of the sale, the director now owns 9,836 shares in the company, valued at $339,440.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.20% of the stock is currently owned by company insiders.

First Business Financial Services Trading Down 1.1 %

FBIZ opened at $33.76 on Wednesday. First Business Financial Services, Inc. has a 12-month low of $27.04 and a 12-month high of $41.03. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $279.87 million, a PE ratio of 7.78 and a beta of 0.81. The firm’s fifty day moving average price is $34.57 and its 200 day moving average price is $35.68.

First Business Financial Services (NASDAQ:FBIZGet Free Report) last issued its earnings results on Friday, April 26th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.09). The company had revenue of $62.54 million during the quarter, compared to analyst estimates of $37.47 million. First Business Financial Services had a net margin of 15.48% and a return on equity of 13.51%. As a group, research analysts expect that First Business Financial Services, Inc. will post 4.52 EPS for the current fiscal year.

First Business Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Thursday, May 9th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend was Wednesday, May 8th. First Business Financial Services’s dividend payout ratio is currently 23.04%.

First Business Financial Services Profile

(Free Report)

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 in Wisconsin, Kansas, and Missouri.

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

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