First Business Financial Services Inc (NASDAQ:FBIZ) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

According to Zacks, “First Business Financial Services is the parent of the First Business family of companies, managing shareholder relations and providing access to capital for our operating entities. It provides its subsidiaries with cost-effective corporate services including human resources, finance, information technology, and marketing. Its companies include First Business Bank, First Business Bank – Milwaukee, First Business Trust & Investments, First Business Leasing, LLC, and First Business Capital Corp. “

Separately, DA Davidson assumed coverage on First Business Financial Services in a report on Wednesday, November 23rd. They set a “neutral” rating and a $24.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. First Business Financial Services has an average rating of “Hold” and a consensus target price of $25.75.

Shares of First Business Financial Services (NASDAQ:FBIZ) opened at 25.80 on Friday. The firm has a market capitalization of $224.92 million, a PE ratio of 15.09 and a beta of 0.86. The company’s 50 day moving average is $25.14 and its 200 day moving average is $23.32. First Business Financial Services has a 12-month low of $18.76 and a 12-month high of $26.47.

First Business Financial Services (NASDAQ:FBIZ) last announced its quarterly earnings data on Thursday, January 26th. The financial services provider reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.07. First Business Financial Services had a return on equity of 9.36% and a net margin of 15.37%. On average, analysts forecast that First Business Financial Services will post $1.77 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 24th. Shareholders of record on Friday, February 10th were issued a dividend of $0.13 per share. This is a boost from First Business Financial Services’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Wednesday, February 8th. First Business Financial Services’s payout ratio is currently 30.59%.

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In other First Business Financial Services news, CEO David J. Vetta sold 7,000 shares of the business’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $24.17, for a total transaction of $169,190.00. Following the completion of the sale, the chief executive officer now directly owns 5,410 shares of the company’s stock, valued at approximately $130,759.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jerome J. Smith sold 1,250 shares of the business’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $24.83, for a total value of $31,037.50. The disclosure for this sale can be found here. Insiders have sold a total of 36,977 shares of company stock valued at $915,201 over the last three months. Company insiders own 8.30% of the company’s stock.

A number of hedge funds have recently made changes to their positions in FBIZ. Renaissance Technologies LLC boosted its stake in shares of First Business Financial Services by 20.2% in the fourth quarter. Renaissance Technologies LLC now owns 154,522 shares of the financial services provider’s stock valued at $3,665,000 after buying an additional 25,922 shares in the last quarter. Federated Investors Inc. PA boosted its stake in shares of First Business Financial Services by 19.4% in the fourth quarter. Federated Investors Inc. PA now owns 49,437 shares of the financial services provider’s stock valued at $1,173,000 after buying an additional 8,047 shares in the last quarter. John W. Rosenthal Capital Management Inc. purchased a new stake in shares of First Business Financial Services during the fourth quarter valued at $2,135,000. Martingale Asset Management L P boosted its stake in shares of First Business Financial Services by 3.9% in the fourth quarter. Martingale Asset Management L P now owns 40,314 shares of the financial services provider’s stock valued at $957,000 after buying an additional 1,500 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of First Business Financial Services by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 202,042 shares of the financial services provider’s stock valued at $4,792,000 after buying an additional 4,775 shares in the last quarter. 56.89% of the stock is owned by hedge funds and other institutional investors.

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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