4,750 Shares in First Business Financial Services, Inc. (NASDAQ:FBIZ) Purchased by Beese Fulmer Investment Management Inc.

Beese Fulmer Investment Management Inc. bought a new stake in shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) during the third quarter, HoldingsChannel reports. The institutional investor bought 4,750 shares of the financial services provider’s stock, valued at approximately $217,000.

Several other hedge funds also recently modified their holdings of the business. Lazard Asset Management LLC bought a new stake in shares of First Business Financial Services during the first quarter worth approximately $60,000. SG Americas Securities LLC acquired a new stake in First Business Financial Services during the 3rd quarter worth $125,000. BNP Paribas Financial Markets raised its position in shares of First Business Financial Services by 73.1% during the 1st 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 valued at $204,000. Finally, ERn Financial LLC bought a new position in shares of First Business Financial Services in the 3rd quarter worth $210,000. Institutional investors own 60.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on FBIZ shares. DA Davidson raised 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 downgraded shares of First Business Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday. Piper Sandler boosted their price objective on shares of First Business Financial Services from $44.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $51.00 target price (up from $48.00) on shares of First Business Financial Services in a report on Monday, July 29th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $50.75.

First Business Financial Services Trading Up 1.0 %

NASDAQ FBIZ opened at $44.82 on Friday. First Business Financial Services, Inc. has a one year low of $28.67 and a one year high of $47.23. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.08 and a quick ratio of 1.07. The firm has a market cap of $371.51 million, a P/E ratio of 10.33 and a beta of 0.82. The stock’s 50-day moving average is $43.92 and its 200-day moving average is $39.10.

First Business Financial Services (NASDAQ:FBIZ) last announced its earnings results on Thursday, July 25th. The financial services provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.09 by $0.14. First Business Financial Services had a net margin of 15.66% and a return on equity of 13.87%. The firm had revenue of $65.34 million for the quarter, compared to the consensus estimate of $36.73 million. Sell-side analysts anticipate that First Business Financial Services, Inc. will post 4.7 earnings per share for the current fiscal year.

First Business Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Thursday, August 8th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, August 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.23%. First Business Financial Services’s payout ratio is 23.04%.

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.