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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of First Business Financial Services by 4.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,477 shares of the financial services provider's stock worth $207,000 after purchasing an additional 206 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of First Business Financial Services by 28.6% during the fourth quarter. Two Sigma Investments LP now owns 19,076 shares of the financial services provider's stock worth $883,000 after purchasing an additional 4,242 shares during the last quarter. First Business Financial Services Inc. raised its stake in shares of First Business Financial Services by 4.7% during the first quarter. First Business Financial Services Inc. now owns 393,819 shares of the financial services provider's stock worth $18,569,000 after purchasing an additional 17,731 shares during the last quarter. Invesco Ltd. purchased a new stake in shares of First Business Financial Services during the fourth quarter worth approximately $3,917,000. Finally, Wells Fargo & Company MN raised its stake in shares of First Business Financial Services by 28.7% during 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. Hedge funds and other institutional investors own 60.07% of the company's stock.

Analyst Upgrades and Downgrades

FBIZ has been the subject of several analyst reports. Piper Sandler upped their price target on 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. Wall Street Zen upgraded First Business Financial Services from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $59.67.

First Business Financial Services Trading Up 0.1%

NASDAQ FBIZ traded up $0.07 during trading hours on Friday, hitting $52.45. 1,036 shares of the company's stock were exchanged, compared to its average volume of 36,765. The business's 50 day moving average is $50.73 and its 200-day moving average is $49.35. First Business Financial Services, Inc. has a 12-month low of $41.31 and a 12-month high of $56.46. The firm has a market capitalization of $436.34 million, a P/E ratio of 9.32 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.

First Business Financial Services (NASDAQ:FBIZ - Get Free Report) last released its earnings results on Thursday, July 24th. The financial services provider reported $1.35 earnings per share for the quarter, hitting the consensus estimate of $1.35. First Business Financial Services had a return on equity of 14.22% and a net margin of 17.59%.The firm had revenue of $41.04 million for the quarter, compared to the consensus estimate of $41.55 million. As a group, analysts anticipate 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 Monday, August 25th. Investors of record on Monday, August 11th were given a dividend of $0.29 per share. The ex-dividend date was Monday, August 11th. This represents a $1.16 annualized dividend and a yield of 2.2%. First Business Financial Services's dividend payout ratio is 20.64%.

Insider Activity

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

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.