First Business Financial Services, Inc. (NASDAQ:FBIZ) Shares Acquired by Man Group plc

Man Group plc grew its position in First Business Financial Services, Inc. (NASDAQ:FBIZ - Free Report) by 74.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,517 shares of the financial services provider's stock after buying an additional 5,348 shares during the quarter. Man Group plc owned 0.15% of First Business Financial Services worth $579,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC increased its stake in First Business Financial Services by 24.8% during the fourth quarter. SG Americas Securities LLC now owns 3,412 shares of the financial services provider's stock worth $158,000 after purchasing an additional 679 shares during the period. R Squared Ltd acquired a new position in shares of First Business Financial Services in the fourth quarter valued at approximately $49,000. Empowered Funds LLC increased its stake in First Business Financial Services by 5.0% during the 4th quarter. Empowered Funds LLC now owns 45,021 shares of the financial services provider's stock worth $2,084,000 after buying an additional 2,156 shares during the period. Bank of New York Mellon Corp lifted its holdings in First Business Financial Services by 5.3% during the 4th quarter. Bank of New York Mellon Corp now owns 33,109 shares of the financial services provider's stock worth $1,533,000 after buying an additional 1,653 shares in the last quarter. Finally, US Bancorp DE boosted its position in First Business Financial Services by 371.7% in the 4th quarter. US Bancorp DE now owns 17,925 shares of the financial services provider's stock valued at $830,000 after buying an additional 14,125 shares during the period. Hedge funds and other institutional investors own 60.07% of the company's stock.

First Business Financial Services Stock Down 0.2%

Shares of FBIZ traded down $0.11 during mid-day trading on Friday, reaching $48.77. The company's stock had a trading volume of 38,218 shares, compared to its average volume of 31,026. The company's 50 day moving average is $47.66 and its 200 day moving average is $48.65. The stock has a market cap of $405.72 million, a PE ratio of 9.34 and a beta of 0.66. First Business Financial Services, Inc. has a 12-month low of $33.10 and a 12-month high of $56.46. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.09 and a quick ratio of 1.08.

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 for the quarter, topping the consensus estimate of $1.29 by $0.03. First Business Financial Services had a net margin of 16.86% and a return on equity of 14.33%. The business had revenue of $40.84 million during the quarter, compared to the consensus estimate of $40.13 million. Equities 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 company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Friday, May 9th. First Business Financial Services's payout ratio is 21.09%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on FBIZ shares. Wall Street Zen raised First Business Financial Services from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Raymond James lifted their price objective on First Business Financial Services from $52.00 to $62.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. Piper Sandler upped their target price on shares of First Business Financial Services from $57.00 to $58.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. Finally, Keefe, Bruyette & Woods decreased 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 note on Monday, April 28th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target 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.