First Business Financial Services, Inc. (NASDAQ:FBIZ) Holdings Trimmed by Alliancebernstein L.P.

Alliancebernstein L.P. reduced its position in shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,314 shares of the financial services provider’s stock after selling 6,500 shares during the period. Alliancebernstein L.P. owned approximately 1.18% of First Business Financial Services worth $4,551,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in shares of First Business Financial Services in the 4th quarter worth approximately $49,000. SG Americas Securities LLC grew its position in First Business Financial Services by 24.8% in the fourth quarter. SG Americas Securities LLC now owns 3,412 shares of the financial services provider’s stock worth $158,000 after buying an additional 679 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in First Business Financial Services by 136.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,398 shares of the financial services provider’s stock worth $759,000 after buying an additional 9,474 shares during the last quarter. US Bancorp DE increased its holdings in shares of First Business Financial Services by 371.7% in the fourth quarter. US Bancorp DE now owns 17,925 shares of the financial services provider’s stock valued at $830,000 after buying an additional 14,125 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of First Business Financial Services by 307.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 24,468 shares of the financial services provider’s stock valued at $1,115,000 after acquiring an additional 18,458 shares during the last quarter. 60.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods boosted their target price on First Business Financial Services from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Raymond James upped their price objective on shares of First Business Financial Services from $52.00 to $62.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Piper Sandler lifted their target price on shares of First Business Financial Services from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Finally, StockNews.com upgraded shares of First Business Financial Services from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $58.75.

Insider Activity at First Business Financial Services

In other First Business Financial Services news, insider Daniel Ovokaitys sold 4,828 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $54.55, for a total value of $263,367.40. Following the completion of the sale, the insider now directly owns 7,718 shares of the company’s stock, valued at $421,016.90. The trade was a 38.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 5.10% of the company’s stock.

First Business Financial Services Trading Up 1.0 %

NASDAQ:FBIZ opened at $45.04 on Monday. The stock’s 50-day moving average is $49.65 and its two-hundred day moving average is $47.82. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.09 and a quick ratio of 1.08. The stock has a market cap of $373.88 million, a PE ratio of 8.63 and a beta of 0.67. First Business Financial Services, Inc. has a fifty-two week low of $32.56 and a fifty-two week high of $56.46.

First Business Financial Services (NASDAQ:FBIZ) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.16. First Business Financial Services had a return on equity of 14.33% and a net margin of 16.86%. As a group, equities research analysts forecast that First Business Financial Services, Inc. will post 5.43 earnings per share for the current fiscal year.

First Business Financial Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.29 dividend. This is a boost from First Business Financial Services’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 2.58%. First Business Financial Services’s payout ratio is presently 22.22%.

First Business Financial Services Company Profile

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.