William Kent Lorenz Sells 1,345 Shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) Stock

First Business Financial Services, Inc. (NASDAQ:FBIZ - Get Free Report) Director William Kent Lorenz sold 1,345 shares of First Business Financial Services stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $34.51, for a total value of $46,415.95. Following the transaction, the director now directly owns 9,836 shares of the company's stock, valued at approximately $339,440.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

William Kent Lorenz also recently made the following trade(s):

• On Friday, May 10th, William Kent Lorenz sold 80 shares of First Business Financial Services stock. The shares were sold at an average price of $35.00, for a total transaction of $2,800.00.

First Business Financial Services Price Performance

Shares of FBIZ stock traded up $0.17 during trading on Tuesday, hitting $34.22. The company had a trading volume of 15,191 shares, compared to its average volume of 13,343. First Business Financial Services, Inc. has a 52 week low of $25.01 and a 52 week high of $41.03. The stock has a market capitalization of $283.68 million, a price-to-earnings ratio of 7.88 and a beta of 0.79. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.34. The stock's 50-day moving average is $34.69 and its two-hundred day moving average is $35.51.

First Business Financial Services (NASDAQ:FBIZ - Get Free Report) last posted its quarterly earnings data on Friday, April 26th. The financial services provider reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.09). First Business Financial Services had a net margin of 15.48% and a return on equity of 13.51%. The company had revenue of $62.54 million for the quarter, compared to analysts' expectations of $37.47 million. As a group, analysts predict that First Business Financial Services, Inc. will post 4.52 EPS for the current fiscal year.

First Business Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Thursday, May 9th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.92%. The ex-dividend date is Wednesday, May 8th. First Business Financial Services's dividend payout ratio (DPR) is currently 23.04%.

Hedge Funds Weigh In On First Business Financial Services

Hedge funds and other institutional investors have recently modified their holdings of the company. Vista Investment Management raised its position in First Business Financial Services by 0.6% in the 4th quarter. Vista Investment Management now owns 52,410 shares of the financial services provider's stock worth $2,102,000 after purchasing an additional 301 shares during the period. Riverwater Partners LLC increased its holdings in shares of First Business Financial Services by 2.7% in the fourth quarter. Riverwater Partners LLC now owns 14,490 shares of the financial services provider's stock worth $581,000 after buying an additional 382 shares during the period. SG Americas Securities LLC lifted its stake in shares of First Business Financial Services by 28.1% in the 4th quarter. SG Americas Securities LLC now owns 4,280 shares of the financial services provider's stock valued at $172,000 after acquiring an additional 938 shares during the last quarter. Uncommon Cents Investing LLC boosted its holdings in First Business Financial Services by 4.3% during the 4th quarter. Uncommon Cents Investing LLC now owns 36,255 shares of the financial services provider's stock valued at $1,454,000 after acquiring an additional 1,485 shares during the period. Finally, New York State Common Retirement Fund grew its position in First Business Financial Services by 70.7% during the 4th quarter. New York State Common Retirement Fund now owns 3,866 shares of the financial services provider's stock worth $155,000 after acquiring an additional 1,601 shares during the last quarter. 60.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Piper Sandler reiterated an "overweight" rating and issued a $44.00 target price on shares of First Business Financial Services in a research note on Monday, March 18th. Raymond James increased their price objective on First Business Financial Services from $40.00 to $46.00 and gave the stock an "outperform" rating in a research report on Monday, January 29th.

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.

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