6 days Ago By ABMN Staff
First Business Financial Services ( NASDAQ:FBIZ – Free Report ) had its price objective raised by Piper Sandler from $57.00 to $58.00 in a report published on Monday morning, Benzinga reports.
Piper Sandler currently has an overweight rating on the financial services provider’s stock. A number of other research analysts have also recently issued reports on the company. Keefe, Bruyette & Woods decreased their target price on First Business Financial Services from $60.
00 to $59.00 and set an “outperform” rating on the stock in a research report on Monday. StockNews.
com upgraded First Business Financial Services from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd. Finally, Raymond James boosted their price target on First Business Financial Services from $52.00 to $62.
00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $57.25.
Read Our Latest Stock Report on First Business Financial Services First Business Financial Services Trading Down 0.4 % First Business Financial Services ( NASDAQ:FBIZ – Get Free Report ) last posted its earnings results on Thursday, April 24th. The financial services provider reported $1.
32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.03.
The company had revenue of $40.84 million during the quarter, compared to the consensus estimate of $40.13 million.
First Business Financial Services had a return on equity of 14.33% and a net margin of 16.86%.
Research analysts forecast that First Business Financial Services will post 5.43 EPS for the current year. First Business Financial Services Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th.
Investors of record on Friday, May 30th will be issued a $0.29 dividend. This represents a $1.
16 annualized dividend and a yield of 2.43%. First Business Financial Services’s payout ratio is presently 21.
09%. Insider Activity at First Business Financial Services In other First Business Financial Services news, insider Daniel Ovokaitys sold 4,828 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $54.
55, for a total value of $263,367.40. Following the completion of the sale, the insider now directly owns 7,718 shares in the company, valued at approximately $421,016.
90. This trade represents a 38.48 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . 5.10% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On First Business Financial Services Large investors have recently bought and sold shares of the stock. R Squared Ltd acquired a new stake in First Business Financial Services in the fourth quarter worth $49,000. Public Employees Retirement System of Ohio acquired a new stake in First Business Financial Services in the fourth quarter worth $81,000.
Virtus Investment Advisers Inc. acquired a new stake in First Business Financial Services in the fourth quarter worth $95,000. BNP Paribas Financial Markets grew its holdings in First Business Financial Services by 28.
9% in the fourth 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 position in shares of First Business Financial Services during the first quarter valued at about $122,000. 60.07% of the stock is currently owned by institutional investors and hedge funds.
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. Further Reading 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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