Insider Selling: First Business Financial Services Inc (NASDAQ:FBIZ) General Counsel Sells 2,115 Shares of Stock

First Business Financial Services Inc (NASDAQ:FBIZ) General Counsel Barbara Mccarty Conley sold 2,115 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $24.22, for a total transaction of $51,225.30. Following the completion of the sale, the general counsel now owns 28,424 shares of the company’s stock, valued at $688,429.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

FBIZ stock traded down $0.14 during mid-day trading on Wednesday, reaching $24.14. 9,097 shares of the stock traded hands, compared to its average volume of 12,248. The company has a quick ratio of 1.17, a current ratio of 1.18 and a debt-to-equity ratio of 1.80. First Business Financial Services Inc has a 52 week low of $18.76 and a 52 week high of $25.92. The business has a 50-day moving average of $24.62 and a two-hundred day moving average of $23.77. The firm has a market capitalization of $214.56 million, a PE ratio of 12.98 and a beta of 0.84.

First Business Financial Services (NASDAQ:FBIZ) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.07. First Business Financial Services had a net margin of 17.75% and a return on equity of 11.60%. The company had revenue of $22.57 million during the quarter, compared to analysts’ expectations of $22.80 million. On average, equities research analysts anticipate that First Business Financial Services Inc will post 2.6 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 4th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date was Friday, November 1st. First Business Financial Services’s dividend payout ratio (DPR) is 32.26%.

A number of hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its holdings in First Business Financial Services by 1.1% during the second quarter. Bank of New York Mellon Corp now owns 48,403 shares of the financial services provider’s stock valued at $1,137,000 after acquiring an additional 541 shares during the period. Bank of Montreal Can boosted its holdings in First Business Financial Services by 6.8% during the second quarter. Bank of Montreal Can now owns 13,636 shares of the financial services provider’s stock valued at $320,000 after acquiring an additional 867 shares during the period. JPMorgan Chase & Co. boosted its holdings in First Business Financial Services by 1.1% during the second quarter. JPMorgan Chase & Co. now owns 90,400 shares of the financial services provider’s stock valued at $2,125,000 after acquiring an additional 955 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in First Business Financial Services by 5.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 20,040 shares of the financial services provider’s stock valued at $471,000 after acquiring an additional 1,031 shares during the period. Finally, Rhumbline Advisers boosted its holdings in First Business Financial Services by 9.7% during the third quarter. Rhumbline Advisers now owns 12,656 shares of the financial services provider’s stock valued at $305,000 after acquiring an additional 1,122 shares during the period. Institutional investors own 64.77% of the company’s stock.

A number of equities research analysts have issued reports on FBIZ shares. ValuEngine cut shares of First Business Financial Services from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. DA Davidson restated a “neutral” rating on shares of First Business Financial Services in a report on Monday, November 18th. Finally, Zacks Investment Research cut shares of First Business Financial Services from a “buy” rating to a “hold” rating in a report on Thursday, November 21st.

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. The company offers deposit products, such as non-interest-bearing transaction accounts, interest-bearing transaction accounts, money market accounts, time deposits, and certificates of deposit.

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Insider Buying and Selling by Quarter for First Business Financial Services (NASDAQ:FBIZ)

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