First Business Financial Services (NASDAQ:FBIZ) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of First Business Financial Services (NASDAQ:FBIZ) from a hold rating to a buy rating in a research report report published on Monday morning.

Separately, Piper Sandler reaffirmed an overweight rating and set a $44.00 price objective on shares of First Business Financial Services in a research report on Monday, March 18th.

First Business Financial Services Stock Down 0.7 %

Shares of NASDAQ:FBIZ opened at $36.28 on Monday. First Business Financial Services has a 52-week low of $28.35 and a 52-week high of $41.03. The firm has a market capitalization of $300.72 million, a P/E ratio of 8.36 and a beta of 0.83. The stock has a 50 day moving average price of $34.49 and a 200-day moving average price of $35.58. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.09 and a current ratio of 1.09.

First Business Financial Services (NASDAQ:FBIZ) last posted its quarterly earnings data on Friday, April 26th. The financial services provider reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $37.47 million. As a group, equities research analysts anticipate that First Business Financial Services will post 4.52 EPS for the current fiscal year.

First Business Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Thursday, May 9th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, May 8th. This represents a $1.00 annualized dividend and a yield of 2.76%. First Business Financial Services’s dividend payout ratio is 23.04%.

Insider Buying and Selling at First Business Financial Services

In other First Business Financial Services news, Director William Kent Lorenz sold 1,345 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $34.51, for a total transaction of $46,415.95. Following the sale, the director now directly owns 9,836 shares in the company, valued at approximately $339,440.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 6.20% of the company’s stock.

Institutional Trading of First Business Financial Services

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of First Business Financial Services by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 361,070 shares of the financial services provider’s stock worth $13,540,000 after buying an additional 7,499 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in shares of First Business Financial Services by 1.7% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 169,903 shares of the financial services provider’s stock worth $6,371,000 after buying an additional 2,894 shares during the last quarter. Federated Hermes Inc. boosted its stake in shares of First Business Financial Services by 3.9% in the 4th quarter. Federated Hermes Inc. now owns 65,483 shares of the financial services provider’s stock worth $2,626,000 after buying an additional 2,444 shares during the last quarter. Vista Investment Management boosted its stake in shares of 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 buying an additional 301 shares during the last quarter. Finally, Empowered Funds LLC boosted its stake in shares of First Business Financial Services by 7.8% in the 1st quarter. Empowered Funds LLC now owns 41,101 shares of the financial services provider’s stock worth $1,541,000 after buying an additional 2,975 shares during the last quarter. 60.07% of the stock is currently owned by hedge funds and other institutional investors.

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.