First Business Financial Services, Inc. $FBIZ Stock Holdings Trimmed by First Business Financial Services Inc.

First Business Financial Services Inc. decreased its holdings in shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) by 5.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 374,233 shares of the financial services provider’s stock after selling 20,258 shares during the period. First Business Financial Services makes up approximately 1.8% of First Business Financial Services Inc.’s investment portfolio, making the stock its 10th largest holding. First Business Financial Services Inc. owned 4.50% of First Business Financial Services worth $19,183,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in First Business Financial Services by 5.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,711 shares of the financial services provider’s stock valued at $222,000 after purchasing an additional 234 shares in the last quarter. Uncommon Cents Investing LLC grew its holdings in shares of First Business Financial Services by 0.7% during the third quarter. Uncommon Cents Investing LLC now owns 34,478 shares of the financial services provider’s stock valued at $1,767,000 after buying an additional 255 shares during the last quarter. First Trust Advisors LP increased its position in shares of First Business Financial Services by 6.6% in the 2nd quarter. First Trust Advisors LP now owns 5,309 shares of the financial services provider’s stock valued at $269,000 after acquiring an additional 327 shares during the period. Versant Capital Management Inc raised its stake in First Business Financial Services by 163.2% in the 3rd quarter. Versant Capital Management Inc now owns 587 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 364 shares during the last quarter. Finally, Cutler Capital Management LLC lifted its position in First Business Financial Services by 0.3% during the 2nd quarter. Cutler Capital Management LLC now owns 155,799 shares of the financial services provider’s stock worth $7,893,000 after acquiring an additional 400 shares during the period. 60.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of First Business Financial Services in a report on Wednesday, October 8th. Piper Sandler increased their price target on shares of First Business Financial Services from $58.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $60.67.

First Business Financial Services Trading Up 4.9%

Shares of NASDAQ:FBIZ opened at $58.79 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.77. First Business Financial Services, Inc. has a 12-month low of $42.18 and a 12-month high of $58.79. The business has a 50 day moving average of $54.58 and a two-hundred day moving average of $52.13. The company has a market capitalization of $489.13 million, a PE ratio of 9.67 and a beta of 0.75.

First Business Financial Services (NASDAQ:FBIZ) last posted its earnings results on Thursday, October 30th. The financial services provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.31. First Business Financial Services had a net margin of 18.55% and a return on equity of 14.89%. The firm had revenue of $44.29 million during the quarter, compared to analyst estimates of $42.30 million. As a group, analysts forecast that First Business Financial Services, Inc. will post 5.43 EPS for the current year.

First Business Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, November 19th. First Business Financial Services’s dividend payout ratio is presently 19.08%.

First Business Financial Services Company Profile

First Business Financial Services, Inc (NASDAQ:FBIZ) is a bank holding company headquartered in Madison, Wisconsin, offering a suite of commercial banking and financial services. Through its wholly owned subsidiary, First Business Bank, the company provides relationship-driven lending, deposit and treasury management solutions to small and mid-sized businesses, nonprofit organizations and high-net-worth individuals. Its core products include commercial real estate financing, equipment leasing, SBA-guaranteed lending, and cash management services.

In addition to lending and depository services, First Business Bank delivers investment advisory and wealth management through dedicated trust and private banking teams.