First Business Financial Services, Inc. (NASDAQ:FBIZ) Holdings Raised by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC lifted its stake in shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) by 1.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 169,903 shares of the financial services provider’s stock after purchasing an additional 2,894 shares during the quarter. First Business Financial Services comprises about 1.4% of Pacific Ridge Capital Partners LLC’s investment portfolio, making the stock its 19th largest holding. Pacific Ridge Capital Partners LLC owned 2.05% of First Business Financial Services worth $6,371,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Federated Hermes Inc. grew its stake in First Business Financial Services by 3.9% during the 4th quarter. Federated Hermes Inc. now owns 65,483 shares of the financial services provider’s stock valued at $2,626,000 after acquiring an additional 2,444 shares in the last quarter. Vista Investment Management raised its stake in shares of First Business Financial Services by 0.6% in the fourth quarter. Vista Investment Management now owns 52,410 shares of the financial services provider’s stock valued at $2,102,000 after purchasing an additional 301 shares in the last quarter. Empowered Funds LLC grew its position in First Business Financial Services by 7.8% in the first quarter. Empowered Funds LLC now owns 41,101 shares of the financial services provider’s stock valued at $1,541,000 after acquiring an additional 2,975 shares during the period. Uncommon Cents Investing LLC grew its position in First Business Financial Services by 4.3% in the fourth 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, 1834 Investment Advisors Co. bought a new stake in shares of First Business Financial Services during the fourth quarter worth $257,000. 60.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised First Business Financial Services from a “hold” rating to a “buy” rating in a research note on Monday, July 1st.

Insider Buying and Selling

In related news, Director William Kent Lorenz sold 1,345 shares of the company’s stock in a transaction that occurred 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 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 document filed with the SEC, which can be accessed through this link. 6.30% of the stock is owned by company insiders.

First Business Financial Services Trading Down 1.0 %

Shares of NASDAQ FBIZ traded down $0.42 during trading on Friday, reaching $40.71. The company had a trading volume of 10,740 shares, compared to its average volume of 13,953. The company’s fifty day moving average price is $35.32 and its 200-day moving average price is $35.46. First Business Financial Services, Inc. has a 12 month low of $28.35 and a 12 month high of $42.49. The stock has a market cap of $337.49 million, a P/E ratio of 9.38 and a beta of 0.83. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.34.

First Business Financial Services (NASDAQ:FBIZ) last announced its quarterly earnings data on Friday, April 26th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.09). The business had revenue of $62.54 million during the quarter, compared to analyst estimates of $37.47 million. First Business Financial Services had a net margin of 15.48% and a return on equity of 13.51%. As a group, research analysts expect that First Business Financial Services, Inc. will post 4.52 earnings per share for the current year.

First Business Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Thursday, May 9th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Wednesday, May 8th. First Business Financial Services’s dividend payout ratio (DPR) is currently 23.04%.

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.