First Business Financial Services, Inc. $FBIZ Shares Sold by M3F Inc.

M3F Inc. lowered its holdings in First Business Financial Services, Inc. (NASDAQ:FBIZ) by 31.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,477 shares of the financial services provider’s stock after selling 30,084 shares during the quarter. First Business Financial Services accounts for 1.0% of M3F Inc.’s holdings, making the stock its 21st biggest position. M3F Inc. owned approximately 0.80% of First Business Financial Services worth $3,408,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc grew its position in First Business Financial Services by 163.2% during the third quarter. Versant Capital Management Inc now owns 587 shares of the financial services provider’s stock valued at $30,000 after buying an additional 364 shares during the period. Hollencrest Capital Management lifted its position in shares of First Business Financial Services by 198.0% in the second quarter. Hollencrest Capital Management now owns 611 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 406 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in First Business Financial Services by 32,175.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,291 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 1,287 shares during the last quarter. CWM LLC grew its holdings in shares of First Business Financial Services by 72.9% during the second quarter. CWM LLC now owns 1,579 shares of the financial services provider’s stock worth $80,000 after buying an additional 666 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of First Business Financial Services by 356.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,890 shares of the financial services provider’s stock valued at $96,000 after buying an additional 1,476 shares during the last quarter. 60.07% of the stock is currently owned by hedge funds and other institutional investors.

First Business Financial Services Stock Down 2.7%

FBIZ opened at $54.65 on Friday. First Business Financial Services, Inc. has a one year low of $42.18 and a one year high of $60.53. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $455.78 million, a P/E ratio of 9.18 and a beta of 0.76. The business’s 50-day simple moving average is $56.64 and its 200-day simple moving average is $53.46.

First Business Financial Services (NASDAQ:FBIZ) last released its quarterly earnings results on Thursday, January 29th. The financial services provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.38 by $0.20. The company had revenue of $42.22 million for the quarter, compared to analyst estimates of $43.10 million. First Business Financial Services had a return on equity of 15.05% and a net margin of 18.02%. Analysts anticipate that First Business Financial Services, Inc. will post 5.43 EPS for the current year.

First Business Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, February 28th. Investors of record on Saturday, February 14th were given a $0.34 dividend. This is a boost from First Business Financial Services’s previous quarterly dividend of $0.29. The ex-dividend date was Friday, February 13th. This represents a $1.36 annualized dividend and a yield of 2.5%. First Business Financial Services’s payout ratio is presently 22.86%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Business Financial Services in a research note on Thursday, January 22nd. Piper Sandler reaffirmed an “overweight” rating and set a $70.00 target price (up from $61.00) on shares of First Business Financial Services in a research note on Tuesday, February 3rd. DA Davidson restated a “buy” rating and set a $68.00 target price on shares of First Business Financial Services in a report on Monday, February 2nd. Finally, Keefe, Bruyette & Woods raised their price target on shares of First Business Financial Services from $59.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $67.00.

About First Business Financial Services

First Business Financial Services, Inc (NASDAQ:FBIZ) is a bank holding company headquartered in Madison, Wisconsin, offering a suite of commercial banking and financial services. Through its wholly owned subsidiary, First Business Bank, the company provides relationship-driven lending, deposit and treasury management solutions to small and mid-sized businesses, nonprofit organizations and high-net-worth individuals. Its core products include commercial real estate financing, equipment leasing, SBA-guaranteed lending, and cash management services.

In addition to lending and depository services, First Business Bank delivers investment advisory and wealth management through dedicated trust and private banking teams.