First Business Financial Services, Inc. (NASDAQ:FBIZ) Director Sells $49,000.00 in Stock

First Business Financial Services, Inc. (NASDAQ:FBIZ) Director William Kent Lorenz sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $49.00, for a total transaction of $49,000.00. Following the completion of the sale, the director now directly owns 8,341 shares of the company’s stock, valued at approximately $408,709. This represents a 10.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

First Business Financial Services Price Performance

FBIZ opened at $50.48 on Friday. The stock has a market cap of $418.98 million, a price-to-earnings ratio of 10.83 and a beta of 0.83. The company has a current ratio of 1.09, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16. First Business Financial Services, Inc. has a 1 year low of $32.56 and a 1 year high of $51.92. The stock has a fifty day moving average price of $45.55 and a 200 day moving average price of $41.03.

First Business Financial Services (NASDAQ:FBIZ) last posted its earnings results on Thursday, October 24th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. The firm had revenue of $66.39 million during the quarter, compared to analysts’ expectations of $38.80 million. First Business Financial Services had a net margin of 15.46% and a return on equity of 13.70%. During the same period in the previous year, the company earned $1.17 earnings per share. Analysts forecast that First Business Financial Services, Inc. will post 4.78 EPS for the current fiscal year.

First Business Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Thursday, November 7th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date was Thursday, November 7th. First Business Financial Services’s payout ratio is 21.46%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on FBIZ shares. DA Davidson upgraded shares of First Business Financial Services from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $36.00 to $50.00 in a research report on Monday, August 5th. StockNews.com upgraded First Business Financial Services from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $51.00 target price (up from $48.00) on shares of First Business Financial Services in a research report on Monday, July 29th. Finally, Piper Sandler dropped their price target on First Business Financial Services from $56.00 to $53.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $50.00.

Institutional Investors Weigh In On First Business Financial Services

A number of large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its stake in shares of First Business Financial Services by 73.1% in the first quarter. BNP Paribas Financial Markets now owns 3,930 shares of the financial services provider’s stock worth $147,000 after buying an additional 1,659 shares during the last quarter. Vanguard Group Inc. raised its holdings in First Business Financial Services by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 361,070 shares of the financial services provider’s stock worth $13,540,000 after acquiring an additional 7,499 shares during the period. Quadrature Capital Ltd acquired a new position in First Business Financial Services during the 1st quarter worth $247,000. Lazard Asset Management LLC bought a new stake in First Business Financial Services during the first quarter valued at about $60,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of First Business Financial Services by 2.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 18,946 shares of the financial services provider’s stock valued at $711,000 after purchasing an additional 524 shares during the last quarter. Institutional investors own 60.07% of the company’s stock.

First Business Financial Services Company Profile

First Business Financial Services, Inc operates as the bank holding company for First Business Bank that provides commercial banking products and services for small and medium-sized businesses, business owners, executives, professionals, and high net worth individuals in Wisconsin, Kansas, and Missouri.