GSA Capital Partners LLP Buys Shares of 12,127 First Business Financial Services, Inc. $FBIZ

GSA Capital Partners LLP purchased a new position in shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,127 shares of the financial services provider’s stock, valued at approximately $622,000. GSA Capital Partners LLP owned about 0.15% of First Business Financial Services as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Versant Capital Management Inc increased its position in First Business Financial Services by 163.2% during the third 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 period. Hollencrest Capital Management boosted its holdings in First Business Financial Services by 198.0% in the 2nd quarter. Hollencrest Capital Management now owns 611 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 406 shares during the period. EverSource Wealth Advisors LLC grew its position in First Business Financial Services by 32,175.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,291 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 1,287 shares during the last quarter. CWM LLC increased its holdings in shares of First Business Financial Services by 72.9% during the 2nd quarter. CWM LLC now owns 1,579 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 666 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in shares of First Business Financial Services by 356.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,890 shares of the financial services provider’s stock worth $96,000 after purchasing an additional 1,476 shares in the last quarter. 60.07% of the stock is owned by institutional investors.

First Business Financial Services Price Performance

Shares of First Business Financial Services stock opened at $57.86 on Monday. The stock has a market capitalization of $481.40 million, a price-to-earnings ratio of 9.72 and a beta of 0.76. The firm’s 50-day moving average price is $56.84 and its two-hundred day moving average price is $53.22. 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 1-year low of $42.18 and a 1-year high of $60.53.

First Business Financial Services (NASDAQ:FBIZ) last announced its earnings results on Thursday, January 29th. The financial services provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.38 by $0.20. The company had revenue of $42.22 million for the quarter, compared to analysts’ expectations of $43.10 million. First Business Financial Services had a return on equity of 15.05% and a net margin of 18.02%. On average, equities analysts predict 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 business also recently announced a quarterly dividend, which will be paid on Saturday, February 28th. Shareholders of record on Saturday, February 14th will be paid a $0.34 dividend. 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. This represents a $1.36 annualized dividend and a yield of 2.4%. First Business Financial Services’s payout ratio is currently 22.86%.

Analysts Set New Price Targets

A number of research analysts recently commented on FBIZ shares. Piper Sandler restated an “overweight” rating and issued a $70.00 target price (up from $61.00) on shares of First Business Financial Services in a research note on Tuesday, February 3rd. Keefe, Bruyette & Woods increased 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 research note on Monday, February 2nd. DA Davidson reaffirmed a “buy” rating and set a $68.00 price objective on shares of First Business Financial Services in a report on Monday, February 2nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of First Business Financial Services in a research note on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $67.00.

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.