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

GAMMA Investing LLC boosted its position in shares of First Business Financial Services, Inc. (NASDAQ:FBIZ - Free Report) by 5,564.0% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 9,289 shares of the financial services provider's stock after acquiring an additional 9,125 shares during the quarter. GAMMA Investing LLC owned about 0.11% of First Business Financial Services worth $438,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in shares of First Business Financial Services in the 4th quarter valued at about $81,000. Virtus Investment Advisers Inc. acquired a new position in shares of First Business Financial Services in the 4th quarter valued at about $95,000. Two Sigma Advisers LP lifted its holdings in shares of First Business Financial Services by 44.0% in the 4th quarter. Two Sigma Advisers LP now owns 14,400 shares of the financial services provider's stock valued at $667,000 after buying an additional 4,400 shares during the period. Two Sigma Investments LP lifted its holdings in shares of First Business Financial Services by 28.6% in the 4th quarter. Two Sigma Investments LP now owns 19,076 shares of the financial services provider's stock valued at $883,000 after buying an additional 4,242 shares during the period. Finally, Man Group plc lifted its holdings in shares of First Business Financial Services by 74.6% in the 4th quarter. Man Group plc now owns 12,517 shares of the financial services provider's stock valued at $579,000 after buying an additional 5,348 shares during the period. Institutional investors and hedge funds own 60.07% of the company's stock.

First Business Financial Services Price Performance

Shares of First Business Financial Services stock traded up $2.01 on Monday, hitting $49.16. The company's stock had a trading volume of 56,583 shares, compared to its average volume of 27,822. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.05 and a current ratio of 1.05. First Business Financial Services, Inc. has a 1 year low of $33.80 and a 1 year high of $56.46. The firm has a fifty day moving average price of $48.10 and a 200-day moving average price of $48.35. The company has a market capitalization of $409.01 million, a price-to-earnings ratio of 8.94 and a beta of 0.66.

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 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $40.84 million during the quarter, compared to analyst estimates of $40.13 million. As a group, sell-side analysts anticipate that First Business Financial Services, Inc. will post 5.43 earnings per share for the current fiscal year.

First Business Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.16 annualized dividend and a yield of 2.36%. First Business Financial Services's dividend payout ratio (DPR) is currently 21.09%.

Analyst Upgrades and Downgrades

FBIZ has been the subject of several analyst reports. Keefe, Bruyette & Woods decreased their price objective on 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. Piper Sandler boosted 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. Finally, Wall Street Zen upgraded First Business Financial Services from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, First Business Financial Services presently has an average rating of "Buy" and a consensus target price of $57.25.

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.