GAMMA Investing LLC Raises Stock Holdings in First Business Financial Services, Inc. (NASDAQ:FBIZ)

GAMMA Investing LLC lifted its holdings in shares of First Business Financial Services, Inc. (NASDAQ:FBIZ - Free Report) by 5,564.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,289 shares of the financial services provider's stock after purchasing an additional 9,125 shares during the quarter. GAMMA Investing LLC owned 0.11% of First Business Financial Services worth $438,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in First Business Financial Services during the fourth quarter valued at approximately $81,000. Virtus Investment Advisers Inc. purchased a new stake in shares of First Business Financial Services during the 4th quarter valued at $95,000. Two Sigma Advisers LP lifted its holdings in shares of First Business Financial Services by 44.0% during the 4th quarter. Two Sigma Advisers LP now owns 14,400 shares of the financial services provider's stock worth $667,000 after acquiring an additional 4,400 shares during the last quarter. Two Sigma Investments LP grew its position in First Business Financial Services by 28.6% in the fourth quarter. Two Sigma Investments LP now owns 19,076 shares of the financial services provider's stock worth $883,000 after acquiring an additional 4,242 shares in the last quarter. Finally, Man Group plc grew its position in First Business Financial Services by 74.6% in the fourth quarter. Man Group plc now owns 12,517 shares of the financial services provider's stock worth $579,000 after acquiring an additional 5,348 shares in the last quarter. 60.07% of the stock is currently owned by institutional investors.

First Business Financial Services Trading Down 0.1%

Shares of FBIZ traded down $0.06 during mid-day trading on Friday, hitting $47.15. 83,595 shares of the company's stock traded hands, compared to its average volume of 27,630. The business's 50-day moving average price is $48.05 and its 200-day moving average price is $48.40. First Business Financial Services, Inc. has a 1 year low of $33.58 and a 1 year high of $56.46. The firm has a market capitalization of $392.29 million, a P/E ratio of 8.57 and a beta of 0.66. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.88.

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. First Business Financial Services had a net margin of 17.44% and a return on equity of 14.36%. The business had revenue of $40.84 million for the quarter, compared to the consensus estimate of $40.13 million. As a group, sell-side analysts forecast that First Business Financial Services, Inc. will post 5.43 EPS for the current fiscal year.

First Business Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Friday, May 9th. First Business Financial Services's payout ratio is currently 21.09%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on FBIZ shares. Piper Sandler raised their price objective 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 dropped their price target on shares of First Business Financial Services from $60.00 to $59.00 and set an "outperform" rating for the company in a research 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 research report on Wednesday, May 7th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $57.25.

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.