Citadel Advisors LLC Acquires New Shares in First Business Financial Services, Inc. (NASDAQ:FBIZ)

Citadel Advisors LLC bought a new position in shares of First Business Financial Services, Inc. (NASDAQ:FBIZ - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,362 shares of the financial services provider's stock, valued at approximately $248,000. Citadel Advisors LLC owned 0.06% of First Business Financial Services as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of FBIZ. SG Americas Securities LLC boosted its holdings in shares of First Business Financial Services by 24.8% during the fourth quarter. SG Americas Securities LLC now owns 3,412 shares of the financial services provider's stock valued at $158,000 after acquiring an additional 679 shares during the period. Empowered Funds LLC lifted its holdings in shares of First Business Financial Services by 5.0% in the fourth quarter. Empowered Funds LLC now owns 45,021 shares of the financial services provider's stock valued at $2,084,000 after buying an additional 2,156 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of First Business Financial Services by 5.3% in the fourth quarter. Bank of New York Mellon Corp now owns 33,109 shares of the financial services provider's stock valued at $1,533,000 after buying an additional 1,653 shares during the period. US Bancorp DE lifted its holdings in shares of First Business Financial Services by 371.7% during the fourth quarter. US Bancorp DE now owns 17,925 shares of the financial services provider's stock valued at $830,000 after purchasing an additional 14,125 shares during the last quarter. Finally, First Business Financial Services Inc. lifted its holdings in shares of First Business Financial Services by 2.8% during the fourth quarter. First Business Financial Services Inc. now owns 376,088 shares of the financial services provider's stock valued at $17,409,000 after purchasing an additional 10,176 shares during the last quarter. 60.07% of the stock is owned by institutional investors and hedge funds.

First Business Financial Services Stock Performance

First Business Financial Services stock traded up $0.19 on Monday, hitting $48.19. The company's stock had a trading volume of 85,865 shares, compared to its average volume of 26,418. The firm has a market cap of $400.89 million, a P/E ratio of 9.23 and a beta of 0.66. The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 1.16. The company has a fifty day moving average price of $47.63 and a 200-day moving average price of $48.54. First Business Financial Services, Inc. has a one year low of $33.10 and a one year high of $56.46.

First Business Financial Services (NASDAQ:FBIZ - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.03. The company had revenue of $40.84 million during the quarter, compared to analysts' expectations of $40.13 million. First Business Financial Services had a return on equity of 14.33% and a net margin of 16.86%. On average, equities analysts anticipate that First Business Financial Services, Inc. will post 5.43 earnings per share for the current year.

First Business Financial Services Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Piper Sandler lifted their price target on First Business Financial Services from $57.00 to $58.00 and gave the company an "overweight" rating in a report on Monday, April 28th. Keefe, Bruyette & Woods decreased their price objective on shares of First Business Financial Services from $60.00 to $59.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Finally, Wall Street Zen upgraded shares of First Business Financial Services from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $57.25.

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.