EntryPoint Capital LLC Takes $255,000 Position in First Business Financial Services, Inc. $FBIZ

Key Points

• EntryPoint Capital LLC has taken a new position in First Business Financial Services, acquiring 5,402 shares valued at approximately $255,000.
• Wall Street analysts are optimistic about the stock, with an average rating of "Buy" and a consensus price target of $59.67.
• First Business Financial Services announced a quarterly dividend of $0.29, which is set to be paid to shareholders on August 25th.

EntryPoint Capital LLC purchased a new stake in shares of First Business Financial Services, Inc. (NASDAQ:FBIZ - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,402 shares of the financial services provider's stock, valued at approximately $255,000. EntryPoint Capital LLC owned approximately 0.06% of First Business Financial Services as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of FBIZ. CWM LLC boosted its holdings in First Business Financial Services by 48.7% in the first quarter. CWM LLC now owns 913 shares of the financial services provider's stock worth $43,000 after purchasing an additional 299 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in First Business Financial Services during the fourth quarter valued at about $81,000. Virtus Investment Advisers Inc. bought a new stake in First Business Financial Services during the fourth quarter valued at about $95,000. BNP Paribas Financial Markets boosted its holdings in First Business Financial Services by 28.9% during the fourth quarter. BNP Paribas Financial Markets now owns 2,183 shares of the financial services provider's stock valued at $101,000 after acquiring an additional 490 shares during the period. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of First Business Financial Services in the first quarter valued at about $122,000. 60.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FBIZ. Keefe, Bruyette & Woods reduced their target price on shares of First Business Financial Services from $60.00 to $59.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Wall Street Zen upgraded shares of First Business Financial Services from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Finally, Piper Sandler raised their price target on shares of First Business Financial Services from $55.00 to $58.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $59.67.

Insiders Place Their Bets

In other news, Director Jason R. Graham purchased 1,000 shares of First Business Financial Services stock in a transaction dated Wednesday, July 30th. The shares were bought at an average cost of $47.87 per share, with a total value of $47,870.00. Following the completion of the transaction, the director directly owned 3,220 shares in the company, valued at $154,141.40. This trade represents a 45.05% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ralph R. Kauten purchased 10,000 shares of First Business Financial Services stock in a transaction dated Wednesday, July 30th. The shares were purchased at an average cost of $47.80 per share, for a total transaction of $478,000.00. Following the completion of the transaction, the director owned 29,756 shares of the company's stock, valued at approximately $1,422,336.80. This represents a 50.62% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 5.10% of the company's stock.

First Business Financial Services Price Performance

Shares of FBIZ stock opened at $52.08 on Friday. First Business Financial Services, Inc. has a 52-week low of $41.31 and a 52-week high of $56.46. The stock has a market cap of $433.31 million, a PE ratio of 9.27 and a beta of 0.70. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.03 and a current ratio of 1.04. The firm's 50 day moving average price is $50.32 and its two-hundred day moving average price is $49.40.

First Business Financial Services (NASDAQ:FBIZ - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.35. First Business Financial Services had a net margin of 17.59% and a return on equity of 14.22%. The firm had revenue of $41.04 million for the quarter, compared to analysts' expectations of $41.55 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Monday, August 11th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $1.16 dividend on an annualized basis and a yield of 2.2%. First Business Financial Services's dividend payout ratio (DPR) is presently 20.64%.

First Business Financial Services 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.

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