River Oaks Capital LLC grew its holdings in First Business Financial Services, Inc. (NASDAQ:FBIZ) by 60.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,100 shares of the financial services provider’s stock after acquiring an additional 10,600 shares during the quarter. River Oaks Capital LLC owned 0.32% of First Business Financial Services worth $649,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of FBIZ. American International Group Inc. boosted its holdings 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 acquiring an additional 333 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in First Business Financial Services in the second quarter worth about $201,000. Rhumbline Advisers boosted its holdings 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 acquiring an additional 470 shares in the last quarter. Bessemer Group Inc. boosted its holdings 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 acquiring an additional 300 shares in the last quarter. Finally, OppenheimerFunds Inc. acquired a new stake in First Business Financial Services in the first quarter worth about $281,000. 60.13% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: This news story was first posted by Daily Political and is the property of of Daily Political. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The legal version of this news story can be viewed at https://www.dailypolitical.com/2017/09/24/first-business-financial-services-inc-fbiz-holdings-raised-by-river-oaks-capital-llc.html.

In other news, insider Charles H. Batson sold 2,300 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $21.25, for a total value of $48,875.00. Following the transaction, the insider now owns 26,907 shares in the company, valued at approximately $571,773.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jerome J. Smith sold 1,250 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $21.17, for a total value of $26,462.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,025 shares of company stock worth $106,903. Company insiders own 8.30% of the company’s stock.

Several brokerages have weighed in on FBIZ. TheStreet downgraded First Business Financial Services from a “b” rating to a “c+” rating in a report on Friday, July 28th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $25.00 price target on shares of First Business Financial Services in a report on Thursday, August 3rd. Finally, Zacks Investment Research downgraded First Business Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company has an average rating of “Hold” and an average price target of $26.00.

Shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) traded up 0.84% during midday trading on Friday, reaching $21.70. The company’s stock had a trading volume of 28,223 shares. The stock’s 50-day moving average price is $21.21 and its 200-day moving average price is $23.53. First Business Financial Services, Inc. has a 12-month low of $18.76 and a 12-month high of $28.43. The company has a market cap of $189.12 million, a P/E ratio of 15.86 and a beta of 0.95.

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

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).

Want to see what other hedge funds are holding FBIZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Business Financial Services, Inc. (NASDAQ:FBIZ).

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

Receive News & Ratings for First Business Financial Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Business Financial Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.