First Business Financial Services Inc. (NASDAQ:FBIZ) shares gapped up prior to trading on Tuesday . The stock had previously closed at $22.53, but opened at $22.58. First Business Financial Services shares last traded at $22.59, with a volume of 16,740 shares traded.

Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of First Business Financial Services from a “sell” rating to a “hold” rating and set a $28.00 target price on the stock in a report on Tuesday, May 3rd. Keefe, Bruyette & Woods dropped their target price on shares of First Business Financial Services from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Monday, August 1st. Finally, Sandler O’Neill downgraded shares of First Business Financial Services from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a report on Monday, August 1st.

The stock has a 50 day moving average of $23.22 and a 200-day moving average of $23.38. The company has a market cap of $196.60 million and a P/E ratio of 11.77.

First Business Financial Services (NASDAQ:FBIZ) last released its quarterly earnings results on Thursday, July 28th. The financial services provider reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.08. Equities research analysts predict that First Business Financial Services Inc. will post $1.93 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Tuesday, August 9th.

In other news, CEO Corey A. Chambas sold 13,605 shares of the company’s stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $24.50, for a total value of $333,322.50. Following the completion of the transaction, the chief executive officer now owns 141,966 shares in the company, valued at $3,478,167. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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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