1 day Ago By ABMN Staff
StockNews.com cut shares of First Business Financial Services ( NASDAQ:FBIZ – Free Report ) from a buy rating to a hold rating in a research report report published on Tuesday morning. Several other equities research analysts also recently weighed in on FBIZ.
Piper Sandler upped their target price on First Business Financial Services from $57.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday.
Keefe, Bruyette & Woods decreased their target price on First Business Financial Services from $60.00 to $59.00 and set an “outperform” rating for the company in a research report on Monday.
Finally, Raymond James upped their target price on First Business Financial Services from $52.00 to $62.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd.
One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $57.25.
Get Our Latest Report on First Business Financial Services First Business Financial Services Price Performance First Business Financial Services ( NASDAQ:FBIZ – Get Free Report ) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.
29 by $0.03. First Business Financial Services had a return on equity of 14.
33% and a net margin of 16.86%. The firm had revenue of $40.
84 million during the quarter, compared to the consensus estimate of $40.13 million. As a group, research analysts predict that First Business Financial Services will post 5.
43 EPS for the current year. First Business Financial Services Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be paid a dividend of $0.
29 per share. This represents a $1.16 annualized dividend and a yield of 2.
39%. The ex-dividend date of this dividend is Friday, May 9th. First Business Financial Services’s payout ratio is currently 21.
09%. Insider Buying and Selling at First Business Financial Services In other First Business Financial Services news, insider Daniel Ovokaitys sold 4,828 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $54.
55, for a total transaction of $263,367.40. Following the sale, the insider now owns 7,718 shares in the company, valued at $421,016.
90. This represents a 38.48 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the SEC, which is available through this link . 5.10% of the stock is currently owned by insiders.
Institutional Trading of First Business Financial Services Institutional investors and hedge funds have recently bought and sold shares of the company. R Squared Ltd acquired a new stake in First Business Financial Services during the fourth quarter valued at approximately $49,000. Public Employees Retirement System of Ohio acquired a new stake in shares of First Business Financial Services during the 4th quarter worth approximately $81,000.
Virtus Investment Advisers Inc. acquired a new stake in shares of First Business Financial Services during the 4th quarter worth approximately $95,000. BNP Paribas Financial Markets raised its position in shares of First Business Financial Services by 28.
9% during the 4th quarter. BNP Paribas Financial Markets now owns 2,183 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 490 shares during the period. Finally, Harbor Capital Advisors Inc.
acquired a new stake in shares of First Business Financial Services during the 1st quarter worth approximately $122,000. Institutional investors and hedge funds own 60.07% of the company’s stock.
First Business Financial Services Company Profile ( Get Free Report ) 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. Featured Stories Receive News & Ratings for First Business Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Business Financial Services and related companies with MarketBeat.com's FREE daily email newsletter .
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