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

Man Group plc raised 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 SEC. The institutional investor owned 12,517 shares of the financial services provider's stock after buying an additional 5,348 shares during the period. Man Group plc owned about 0.15% of First Business Financial Services worth $579,000 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. increased its holdings in First Business Financial Services by 4.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,477 shares of the financial services provider's stock valued at $207,000 after buying an additional 206 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of First Business Financial Services by 2.1% during the fourth quarter. Hsbc Holdings PLC now owns 14,043 shares of the financial services provider's stock worth $655,000 after purchasing an additional 293 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of First Business Financial Services by 28.9% during the fourth quarter. BNP Paribas Financial Markets now owns 2,183 shares of the financial services provider's stock worth $101,000 after purchasing an additional 490 shares in the last quarter. Martingale Asset Management L P increased its stake in shares of First Business Financial Services by 5.2% during the fourth quarter. Martingale Asset Management L P now owns 12,854 shares of the financial services provider's stock worth $595,000 after purchasing an additional 640 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 60.07% of the company's stock.

First Business Financial Services Price Performance

FBIZ traded up $0.29 on Thursday, reaching $48.57. 41,183 shares of the company's stock were exchanged, compared to its average volume of 25,177. The stock has a market cap of $404.01 million, a PE ratio of 9.30 and a beta of 0.66. First Business Financial Services, Inc. has a twelve month low of $33.10 and a twelve month high of $56.46. The stock's fifty day moving average price is $47.67 and its 200-day moving average price is $48.66. 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 posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.03. The firm had revenue of $40.84 million for the quarter, compared to analyst estimates of $40.13 million. First Business Financial Services had a net margin of 16.86% and a return on equity of 14.33%. Sell-side analysts expect that First Business Financial Services, Inc. will post 5.43 EPS for the current year.

First Business Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.16 annualized dividend and a yield of 2.39%. First Business Financial Services's payout ratio is 21.09%.

Analysts Set New Price Targets

FBIZ has been the subject of a number of research reports. Piper Sandler boosted 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. Raymond James boosted their target price on shares of First Business Financial Services from $52.00 to $62.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods cut their target price 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. Finally, Wall Street Zen raised shares of First Business Financial Services from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $57.25.

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.