First Business Financial Services, Inc. (NASDAQ:FBIZ) Shares Purchased by First Business Financial Services Inc.

First Business Financial Services Inc. raised its holdings in First Business Financial Services, Inc. (NASDAQ:FBIZ - Free Report) by 4.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 393,819 shares of the financial services provider's stock after buying an additional 17,731 shares during the period. First Business Financial Services comprises approximately 1.8% of First Business Financial Services Inc.'s investment portfolio, making the stock its 10th biggest holding. First Business Financial Services Inc. owned approximately 4.73% of First Business Financial Services worth $18,569,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FBIZ. CWM LLC grew its position in shares of First Business Financial Services by 48.7% in the first quarter. CWM LLC now owns 913 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 299 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of First Business Financial Services in the fourth quarter valued at approximately $81,000. Virtus Investment Advisers Inc. acquired a new position in shares of First Business Financial Services in the fourth quarter valued at approximately $95,000. BNP Paribas Financial Markets grew its position in shares of First Business Financial Services by 28.9% in the fourth quarter. BNP Paribas Financial Markets now owns 2,183 shares of the financial services provider's stock valued at $101,000 after purchasing an additional 490 shares during the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of First Business Financial Services in the first quarter valued at approximately $122,000. Institutional investors own 60.07% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on FBIZ shares. Piper Sandler upped their target price on First Business Financial Services from $57.00 to $58.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. Keefe, Bruyette & Woods reduced their price target on First Business Financial Services from $60.00 to $59.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Finally, Wall Street Zen raised First Business Financial Services from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, First Business Financial Services presently has an average rating of "Buy" and an average target price of $57.25.

First Business Financial Services Price Performance

Shares of FBIZ traded down $0.29 during trading hours on Friday, reaching $53.77. The stock had a trading volume of 14,618 shares, compared to its average volume of 30,360. First Business Financial Services, Inc. has a 12 month low of $39.65 and a 12 month high of $56.46. The stock has a market capitalization of $447.37 million, a PE ratio of 9.78 and a beta of 0.66. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.05 and a current ratio of 1.05. The company's 50-day moving average is $49.84 and its two-hundred day moving average is $48.98.

First Business Financial Services (NASDAQ:FBIZ - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $1.32 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.03. First Business Financial Services had a return on equity of 14.36% and a net margin of 17.44%. The company had revenue of $40.84 million during the quarter, compared to analysts' expectations of $40.13 million. Research analysts expect that First Business Financial Services, Inc. will post 5.43 EPS for the current year.

First Business Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend was Friday, May 9th. First Business Financial Services's dividend payout ratio is currently 21.09%.

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.