Shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) have earned an average recommendation of “Hold” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $24.50.

Several equities research analysts recently commented on FBIZ shares. Keefe, Bruyette & Woods lowered shares of First Business Financial Services from an “outperform” rating to a “mkt perform” rating in a report on Tuesday, May 2nd. Zacks Investment Research lowered shares of First Business Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, TheStreet lowered shares of First Business Financial Services from a “b” rating to a “c+” rating in a report on Friday, July 28th.

First Business Financial Services (FBIZ) traded up 0.42% during trading on Friday, reaching $21.30. 18,865 shares of the company traded hands. The firm has a 50-day moving average price of $22.78 and a 200-day moving average price of $24.36. First Business Financial Services has a 52 week low of $18.76 and a 52 week high of $28.43. The company has a market capitalization of $185.63 million, a P/E ratio of 15.57 and a beta of 0.95.

First Business Financial Services (NASDAQ:FBIZ) last issued its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.41 by $0.19. The company had revenue of $20.22 million during the quarter, compared to analysts’ expectations of $19.45 million. First Business Financial Services had a return on equity of 7.25% and a net margin of 12.64%. Analysts forecast that First Business Financial Services will post $1.50 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, August 7th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Thursday, August 3rd. First Business Financial Services’s payout ratio is 38.24%.

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In other news, insider Michael J. Losenegger sold 2,587 shares of the company’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $23.92, for a total transaction of $61,881.04. Following the completion of the sale, the insider now owns 26,781 shares of the company’s stock, valued at $640,601.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Charles H. Batson sold 2,300 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $21.25, for a total transaction of $48,875.00. Following the sale, the insider now directly owns 26,907 shares of the company’s stock, valued at approximately $571,773.75. The disclosure for this sale can be found here. Insiders have sold 8,775 shares of company stock valued at $199,702 in the last ninety days. Insiders own 6.60% of the company’s stock.

Several large investors have recently added to or reduced their stakes in FBIZ. American International Group Inc. raised its stake in First Business Financial Services by 7.2% in the first quarter. American International Group Inc. now owns 4,973 shares of the financial services provider’s stock worth $129,000 after buying an additional 333 shares during the last quarter. Rhumbline Advisers raised its stake in First Business Financial Services by 5.3% in the second quarter. Rhumbline Advisers now owns 9,351 shares of the financial services provider’s stock worth $216,000 after buying an additional 470 shares during the last quarter. OppenheimerFunds Inc. acquired a new stake in First Business Financial Services during the first quarter worth about $281,000. Bessemer Group Inc. raised its stake in First Business Financial Services by 2.5% in the second quarter. Bessemer Group Inc. now owns 12,100 shares of the financial services provider’s stock worth $279,000 after buying an additional 300 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in First Business Financial Services during the fourth quarter worth about $343,000. 58.71% of the stock is owned by institutional investors and hedge funds.

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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