5,362 Shares in First Business Financial Services, Inc. (NASDAQ:FBIZ) Bought by Citadel Advisors LLC

Citadel Advisors LLC bought a new position in First Business Financial Services, Inc. (NASDAQ:FBIZ - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,362 shares of the financial services provider's stock, valued at approximately $248,000. Citadel Advisors LLC owned about 0.06% of First Business Financial Services as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FBIZ. Connor Clark & Lunn Investment Management Ltd. raised its holdings in First Business Financial Services by 136.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,398 shares of the financial services provider's stock worth $759,000 after acquiring an additional 9,474 shares during the last quarter. US Bancorp DE increased its holdings in shares of First Business Financial Services by 371.7% in the 4th quarter. US Bancorp DE now owns 17,925 shares of the financial services provider's stock worth $830,000 after purchasing an additional 14,125 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of First Business Financial Services by 24.8% in the 4th quarter. SG Americas Securities LLC now owns 3,412 shares of the financial services provider's stock worth $158,000 after purchasing an additional 679 shares in the last quarter. Invesco Ltd. purchased a new position in shares of First Business Financial Services in the fourth quarter worth $3,917,000. Finally, Wells Fargo & Company MN raised its stake in shares of First Business Financial Services by 28.7% in the fourth quarter. Wells Fargo & Company MN now owns 4,577 shares of the financial services provider's stock worth $212,000 after purchasing an additional 1,021 shares during the last quarter. Institutional investors own 60.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on FBIZ shares. Wall Street Zen upgraded First Business Financial Services from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Piper Sandler raised their price target on shares of First Business Financial Services from $57.00 to $58.00 and gave the company an "overweight" rating in a report on Monday, April 28th. Finally, 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. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $57.25.

First Business Financial Services Stock Performance

First Business Financial Services stock traded up $0.92 during mid-day trading on Tuesday, reaching $49.11. 43,273 shares of the stock traded hands, compared to its average volume of 26,561. First Business Financial Services, Inc. has a 12-month low of $33.10 and a 12-month high of $56.46. The business's 50-day moving average is $47.64 and its 200-day moving average is $48.52. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.09 and a quick ratio of 1.08. The stock has a market capitalization of $408.55 million, a PE ratio of 9.41 and a beta of 0.66.

First Business Financial Services (NASDAQ:FBIZ - Get Free Report) last released its quarterly earnings results 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. First Business Financial Services had a return on equity of 14.33% and a net margin of 16.86%. The business had revenue of $40.84 million during the quarter, compared to the consensus estimate of $40.13 million. As a group, sell-side analysts predict that First Business Financial Services, Inc. will post 5.43 EPS for the current fiscal year.

First Business Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.16 dividend on an annualized basis and a yield of 2.36%. First Business Financial Services's dividend payout ratio is currently 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.