Shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) have been given an average rating of “Hold” by the five research firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $26.00.
FBIZ has been the topic of several research analyst reports. Zacks Investment Research raised shares of First Business Financial Services from a “sell” rating to a “hold” rating in a research report on Friday, March 17th. Keefe, Bruyette & Woods cut shares of First Business Financial Services from an “outperform” rating to a “mkt perform” rating in a research report on Tuesday, May 2nd.
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In other First Business Financial Services news, insider Michael J. Losenegger sold 2,587 shares of the firm’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $23.92, for a total value of $61,881.04. Following the transaction, the insider now owns 26,781 shares of the company’s stock, valued at $640,601.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael J. Losenegger sold 2,413 shares of the firm’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $23.78, for a total transaction of $57,381.14. Following the completion of the transaction, the insider now directly owns 29,368 shares in the company, valued at approximately $698,371.04. The disclosure for this sale can be found here. Insiders sold 18,639 shares of company stock worth $462,721 in the last three months. 8.30% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the company. American International Group Inc. boosted its position in shares of First Business Financial Services by 7.2% in the first quarter. American International Group Inc. now owns 4,973 shares of the financial services provider’s stock worth $129,000 after buying an additional 333 shares in the last quarter. Bessemer Group Inc. boosted its stake in First Business Financial Services by 36.8% in the fourth quarter. Bessemer Group Inc. now owns 7,800 shares of the financial services provider’s stock worth $185,000 after buying an additional 2,100 shares during the period. OppenheimerFunds Inc. acquired a new stake in First Business Financial Services during the first quarter worth $281,000. Russell Investments Group Ltd. acquired a new stake in First Business Financial Services during the fourth quarter worth $343,000. Finally, River Oaks Capital LLC boosted its stake in First Business Financial Services by 11.6% in the first quarter. River Oaks Capital LLC now owns 17,500 shares of the financial services provider’s stock worth $454,000 after buying an additional 1,820 shares during the period. 59.51% of the stock is currently owned by hedge funds and other institutional investors.
Shares of First Business Financial Services (NASDAQ FBIZ) traded down 1.93% on Monday, hitting $23.93. The stock had a trading volume of 30,520 shares. The company has a market cap of $208.62 million, a price-to-earnings ratio of 15.15 and a beta of 0.95. The stock has a 50 day moving average price of $23.99 and a 200-day moving average price of $24.55. First Business Financial Services has a 12-month low of $18.76 and a 12-month high of $28.43.
First Business Financial Services (NASDAQ:FBIZ) last issued its quarterly earnings results on Thursday, April 27th. The financial services provider reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. First Business Financial Services had a net margin of 14.39% and a return on equity of 8.46%. The business had revenue of $18.95 million for the quarter, compared to analysts’ expectations of $19.42 million. On average, equities analysts expect that First Business Financial Services will post $1.77 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 25th. Shareholders of record on Thursday, May 11th were issued a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, May 9th. This represents a $0.52 dividend on an annualized basis and a yield of 2.17%. First Business Financial Services’s dividend payout ratio is currently 33.12%.
First Business Financial Services Company Profile
First Business Financial Services, Inc (FBFS) is a bank holding company. The Company engages in the commercial banking business through its bank subsidiaries, which include First Business Bank (FBB), First Business Bank-Milwaukee (FBB-Milwaukee) and Alterra Bank (Alterra) (FBB and FBB-Milwaukee and, together with FBB, the Banks).
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