Atlatl Advisers LLC Makes New Investment in First Business Financial Services, Inc. $FBIZ

Atlatl Advisers LLC bought a new position in shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,100 shares of the financial services provider’s stock, valued at approximately $208,000.

Other institutional investors have also modified their holdings of the company. Cubist Systematic Strategies LLC bought a new position in shares of First Business Financial Services during the 1st quarter valued at about $258,000. First Business Financial Services Inc. lifted its holdings in shares of First Business Financial Services by 4.7% during the 1st quarter. First Business Financial Services Inc. now owns 393,819 shares of the financial services provider’s stock valued at $18,569,000 after purchasing an additional 17,731 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of First Business Financial Services by 11.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 2,883 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 288 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of First Business Financial Services during the 1st quarter valued at about $255,000. Finally, Informed Momentum Co LLC bought a new position in shares of First Business Financial Services during the 1st quarter valued at about $831,000. Institutional investors own 60.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of First Business Financial Services in a research note on Saturday. Piper Sandler boosted their price target on First Business Financial Services from $55.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $59.67.

First Business Financial Services Stock Performance

FBIZ opened at $50.61 on Friday. The business has a fifty day simple moving average of $50.93 and a 200 day simple moving average of $49.77. The company has a market capitalization of $421.08 million, a PE ratio of 9.01 and a beta of 0.68. First Business Financial Services, Inc. has a 1 year low of $42.18 and a 1 year high of $56.46. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.04 and a quick ratio of 1.03.

First Business Financial Services (NASDAQ:FBIZ) last released its quarterly earnings results on Thursday, July 24th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.35. The business had revenue of $41.04 million during the quarter, compared to the consensus estimate of $41.55 million. First Business Financial Services had a return on equity of 14.22% and a net margin of 17.59%. Research analysts expect that First Business Financial Services, Inc. will post 5.43 EPS for the current year.

Insiders Place Their Bets

In related news, Director Ralph R. Kauten bought 10,000 shares of the business’s stock in a transaction dated Wednesday, July 30th. The stock was purchased at an average cost of $47.80 per share, for a total transaction of $478,000.00. Following the transaction, the director owned 29,756 shares in the company, valued at $1,422,336.80. The trade was a 50.62% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jason R. Graham bought 1,000 shares of the business’s stock in a transaction dated Wednesday, July 30th. The shares were bought at an average price of $47.87 per share, with a total value of $47,870.00. Following the completion of the transaction, the director owned 3,220 shares in the company, valued at approximately $154,141.40. This trade represents a 45.05% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 5.10% of the company’s stock.

About First Business Financial Services

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.