Two Sigma Advisers LP Has $667,000 Stake in First Business Financial Services, Inc. (NASDAQ:FBIZ)

Two Sigma Advisers LP increased its holdings in shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) by 44.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,400 shares of the financial services provider’s stock after acquiring an additional 4,400 shares during the quarter. Two Sigma Advisers LP owned about 0.17% of First Business Financial Services worth $667,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of FBIZ. Invesco Ltd. bought a new position in First Business Financial Services in the 4th quarter valued at about $3,917,000. Hillsdale Investment Management Inc. grew its holdings in shares of First Business Financial Services by 1,646.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 52,642 shares of the financial services provider’s stock valued at $2,437,000 after purchasing an additional 49,628 shares during the last quarter. American Century Companies Inc. boosted its position in First Business Financial Services by 43.5% during the 4th quarter. American Century Companies Inc. now owns 111,980 shares of the financial services provider’s stock worth $5,184,000 after buying an additional 33,957 shares during the period. JPMorgan Chase & Co. boosted its position in First Business Financial Services by 104.4% during the 4th quarter. JPMorgan Chase & Co. now owns 50,018 shares of the financial services provider’s stock worth $2,315,000 after buying an additional 25,550 shares during the period. Finally, Fourthstone LLC boosted its position in First Business Financial Services by 254.8% during the 4th quarter. Fourthstone LLC now owns 30,239 shares of the financial services provider’s stock worth $1,400,000 after buying an additional 21,715 shares during the period. 60.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Piper Sandler boosted their price target on shares of First Business Financial Services from $57.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, April 28th. Wall Street Zen upgraded shares of First Business Financial Services from a “hold” rating to a “buy” rating in a research note on Wednesday, May 7th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of First Business Financial Services from $60.00 to $59.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $57.25.

First Business Financial Services Price Performance

Shares of NASDAQ:FBIZ opened at $48.10 on Wednesday. The company has a market capitalization of $400.14 million, a P/E ratio of 9.21 and a beta of 0.66. First Business Financial Services, Inc. has a fifty-two week low of $33.10 and a fifty-two week high of $56.46. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.09. The company’s 50-day moving average is $47.65 and its 200 day moving average is $48.60.

First Business Financial Services (NASDAQ:FBIZ) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.03. The firm had revenue of $40.84 million for the quarter, compared to the consensus estimate of $40.13 million. First Business Financial Services had a net margin of 16.86% and a return on equity of 14.33%. On average, equities research analysts forecast that First Business Financial Services, Inc. will post 5.43 earnings per share for the current year.

First Business Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend was Friday, May 9th. First Business Financial Services’s dividend payout ratio (DPR) is 21.09%.

About First Business Financial Services

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.