10,390 Shares in First Business Financial Services, Inc. $FBIZ Purchased by CenterBook Partners LP

CenterBook Partners LP bought a new stake in shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,390 shares of the financial services provider’s stock, valued at approximately $533,000. CenterBook Partners LP owned 0.12% of First Business Financial Services as of its most recent filing with the Securities and Exchange Commission.

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

First Business Financial Services Trading Up 1.5%

Shares of NASDAQ:FBIZ opened at $57.86 on Friday. 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 $60.53. The business has a 50 day moving average of $56.84 and a two-hundred day moving average of $53.18. The company has a market capitalization of $481.40 million, a PE ratio of 9.72 and a beta of 0.76.

First Business Financial Services (NASDAQ:FBIZ) last posted its earnings results on Thursday, January 29th. The financial services provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.20. First Business Financial Services had a net margin of 18.02% and a return on equity of 15.05%. The firm had revenue of $42.22 million during the quarter, compared to analyst estimates of $43.10 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, February 28th. Stockholders of record on Saturday, February 14th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, February 13th. This is a positive change from First Business Financial Services’s previous quarterly dividend of $0.29. First Business Financial Services’s dividend payout ratio is currently 22.86%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FBIZ. Keefe, Bruyette & Woods boosted their price objective on shares of First Business Financial Services from $59.00 to $63.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Piper Sandler reaffirmed an “overweight” rating and set a $70.00 target price (up previously from $61.00) on shares of First Business Financial Services in a report on Tuesday, February 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of First Business Financial Services in a report on Thursday, January 22nd. Finally, DA Davidson reissued a “buy” rating and set a $68.00 price target on shares of First Business Financial Services in a research report on Monday, February 2nd. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $67.00.

About First Business Financial Services

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.