5,773 Shares in First Business Financial Services, Inc. (NASDAQ:FBIZ) Bought by PDT Partners LLC

PDT Partners LLC bought a new position in shares of First Business Financial Services, Inc. (NASDAQ:FBIZ - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,773 shares of the financial services provider's stock, valued at approximately $267,000. PDT Partners LLC owned 0.07% of First Business Financial Services as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Invesco Ltd. bought a new stake in shares of First Business Financial Services in the 4th quarter valued at $3,917,000. Hillsdale Investment Management Inc. grew its position in shares of First Business Financial Services by 1,646.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 52,642 shares of the financial services provider's stock valued at $2,437,000 after purchasing an additional 49,628 shares during the period. American Century Companies Inc. increased its stake in First Business Financial Services by 43.5% during the 4th quarter. American Century Companies Inc. now owns 111,980 shares of the financial services provider's stock worth $5,184,000 after purchasing an additional 33,957 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in First Business Financial Services by 104.4% during the 4th quarter. JPMorgan Chase & Co. now owns 50,018 shares of the financial services provider's stock worth $2,315,000 after buying an additional 25,550 shares during the period. Finally, Fourthstone LLC lifted its stake in First Business Financial Services by 254.8% in the fourth quarter. Fourthstone LLC now owns 30,239 shares of the financial services provider's stock valued at $1,400,000 after buying an additional 21,715 shares in the last quarter. 60.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Daniel Ovokaitys sold 4,828 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $54.55, for a total value of $263,367.40. Following the sale, the insider now directly owns 7,718 shares of the company's stock, valued at $421,016.90. This trade represents a 38.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 5.10% of the company's stock.

First Business Financial Services Stock Performance

First Business Financial Services stock traded up $0.77 during midday trading on Thursday, reaching $48.93. 6,153 shares of the company's stock were exchanged, compared to its average volume of 23,591. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.09. The stock's 50-day simple moving average is $47.59 and its 200 day simple moving average is $48.28. The firm has a market cap of $407.05 million, a price-to-earnings ratio of 9.35 and a beta of 0.66. First Business Financial Services, Inc. has a 52 week low of $33.10 and a 52 week high of $56.46.

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 (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.03. The business had revenue of $40.84 million during the quarter, compared to the consensus estimate of $40.13 million. First Business Financial Services had a return on equity of 14.33% and a net margin of 16.86%. On average, analysts expect 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be issued a $0.29 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.16 annualized dividend and a yield of 2.37%. First Business Financial Services's dividend payout ratio is presently 21.09%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on FBIZ shares. Piper Sandler upped their price target on First Business Financial Services from $57.00 to $58.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. StockNews.com raised shares of First Business Financial Services from a "hold" rating to a "buy" rating in a research report on Wednesday. Keefe, Bruyette & Woods lowered their target price on First Business Financial Services from $60.00 to $59.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Finally, Raymond James upped their target price on First Business Financial Services from $52.00 to $62.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company 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.