First Business Financial Services, Inc. (NASDAQ:FBIZ) Director William Kent Lorenz Sells 1,000 Shares

First Business Financial Services, Inc. (NASDAQ:FBIZ) Director William Kent Lorenz sold 1,000 shares of the stock in a transaction on Tuesday, November 19th. The shares were 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 trade represents a 10.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

First Business Financial Services Stock Up 0.5 %

Shares of FBIZ opened at $50.48 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 1.16. The company has a 50-day moving average price of $45.55 and a two-hundred day moving average price of $41.03. The stock has a market cap of $418.98 million, a price-to-earnings ratio of 10.83 and a beta of 0.83. First Business Financial Services, Inc. has a 12 month low of $32.56 and a 12 month high of $51.92.

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

First Business Financial Services Announces Dividend

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

Institutional Investors Weigh In On First Business Financial Services

Several institutional investors and hedge funds have recently made changes to their positions in FBIZ. Lazard Asset Management LLC acquired a new stake in shares of First Business Financial Services during the 1st quarter worth about $60,000. SG Americas Securities LLC acquired a new stake in shares of First Business Financial Services during the third quarter worth approximately $125,000. BNP Paribas Financial Markets raised 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 valued at $147,000 after acquiring an additional 1,659 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of First Business Financial Services in the 2nd quarter worth approximately $204,000. Finally, ERn Financial LLC bought a new stake in First Business Financial Services during the 3rd quarter worth approximately $210,000. Institutional investors and hedge funds own 60.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on FBIZ shares. DA Davidson upgraded shares of First Business Financial Services from a “neutral” rating to a “buy” rating and increased their target price for the company from $36.00 to $50.00 in a research note 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. Piper Sandler lowered their price objective on First Business Financial Services from $56.00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $51.00 target price (up from $48.00) on shares of First Business Financial Services in a research note on Monday, July 29th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $50.00.

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.