Renaissance Technologies LLC raised its position in First Business Financial Services, Inc. (NASDAQ:FBIZ) by 6.1% during the first quarter, Holdings Channel reports. The institutional investor owned 163,900 shares of the financial services provider’s stock after buying an additional 9,378 shares during the period. Renaissance Technologies LLC’s holdings in First Business Financial Services were worth $4,255,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in First Business Financial Services during the fourth quarter worth approximately $343,000. State Street Corp boosted its position in First Business Financial Services by 3.4% in the fourth quarter. State Street Corp now owns 135,107 shares of the financial services provider’s stock worth $3,205,000 after buying an additional 4,393 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in 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 worth $4,792,000 after buying an additional 4,775 shares in the last quarter. Strs Ohio boosted its position in First Business Financial Services by 47.5% in the first quarter. Strs Ohio now owns 17,700 shares of the financial services provider’s stock worth $459,000 after buying an additional 5,700 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in First Business Financial Services by 19.3% in the first quarter. Wells Fargo & Company MN now owns 95,536 shares of the financial services provider’s stock worth $2,480,000 after buying an additional 15,438 shares in the last quarter. 58.71% of the stock is currently owned by institutional investors.

First Business Financial Services, Inc. (NASDAQ FBIZ) traded down 0.80% on Monday, reaching $21.01. The company had a trading volume of 1,509 shares. The stock has a market capitalization of $183.10 million, a P/E ratio of 15.36 and a beta of 0.95. First Business Financial Services, Inc. has a 1-year low of $18.76 and a 1-year high of $28.43. The stock’s 50 day moving average is $23.07 and its 200-day moving average is $24.43.

First Business Financial Services (NASDAQ:FBIZ) last issued its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.19. The firm had revenue of $20.22 million during the quarter, compared to analyst estimates of $19.45 million. First Business Financial Services had a return on equity of 7.25% and a net margin of 12.64%. On average, equities analysts predict that First Business Financial Services, Inc. will post $1.55 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, August 7th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Thursday, August 3rd. First Business Financial Services’s dividend payout ratio is presently 38.24%.

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FBIZ has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $27.00 price target on shares of First Business Financial Services in a report on Monday, April 10th. Zacks Investment Research cut First Business Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, TheStreet cut First Business Financial Services from a “b” rating to a “c+” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $26.00.

In other news, Director Jerome J. Smith sold 1,475 shares of First Business Financial Services stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $21.40, for a total value of $31,565.00. Following the sale, the director now directly owns 1,250 shares of the company’s stock, valued at $26,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael J. Losenegger sold 2,587 shares of First Business Financial Services stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $23.92, for a total value of $61,881.04. Following the completion of the sale, the insider now directly owns 26,781 shares in the company, valued at $640,601.52. The disclosure for this sale can be found here. Insiders sold 6,475 shares of company stock worth $150,827 over the last ninety days. Corporate insiders own 6.60% of the company’s stock.

About First Business Financial Services

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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Institutional Ownership by Quarter for First Business Financial Services (NASDAQ:FBIZ)

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