GSA Capital Partners LLP Purchases 18,083 Shares of First Business Financial Services, Inc. $FBIZ

GSA Capital Partners LLP boosted its position in shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) by 149.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,210 shares of the financial services provider’s stock after buying an additional 18,083 shares during the period. GSA Capital Partners LLP’s holdings in First Business Financial Services were worth $1,640,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in First Business Financial Services by 5.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,711 shares of the financial services provider’s stock valued at $222,000 after buying an additional 234 shares during the last quarter. Franklin Resources Inc. boosted its stake in First Business Financial Services by 1.1% during the third quarter. Franklin Resources Inc. now owns 22,213 shares of the financial services provider’s stock valued at $1,139,000 after buying an additional 239 shares during the last quarter. Uncommon Cents Investing LLC lifted its stake in shares of First Business Financial Services by 0.8% in the 4th quarter. Uncommon Cents Investing LLC now owns 34,743 shares of the financial services provider’s stock valued at $1,887,000 after purchasing an additional 265 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of First Business Financial Services by 2.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,635 shares of the financial services provider’s stock worth $798,000 after acquiring an additional 298 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of First Business Financial Services by 6.6% during the 2nd quarter. First Trust Advisors LP now owns 5,309 shares of the financial services provider’s stock worth $269,000 after acquiring an additional 327 shares during the last quarter. 60.07% of the stock is owned by institutional investors.

First Business Financial Services Stock Performance

Shares of FBIZ stock opened at $55.39 on Wednesday. The stock has a market cap of $463.06 million, a PE ratio of 9.13 and a beta of 0.68. The business has a 50-day simple moving average of $55.37 and a 200-day simple moving average of $55.20. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.82. First Business Financial Services, Inc. has a 52-week low of $45.90 and a 52-week high of $60.53.

First Business Financial Services (NASDAQ:FBIZ) last announced its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.02. First Business Financial Services had a return on equity of 14.60% and a net margin of 18.16%.The firm had revenue of $44.29 million during the quarter, compared to analyst estimates of $43.40 million. On average, equities analysts expect that First Business Financial Services, Inc. will post 6.21 EPS for the current year.

First Business Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Wednesday, May 6th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Wednesday, May 6th. First Business Financial Services’s payout ratio is currently 22.41%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Weiss Ratings raised First Business Financial Services from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, May 4th. Raymond James Financial set a $64.00 target price on First Business Financial Services in a research report on Monday, April 27th. DA Davidson reaffirmed a “buy” rating and set a $65.00 target price on shares of First Business Financial Services in a research report on Monday, April 27th. Piper Sandler reiterated an “overweight” rating and issued a $70.00 price target (up from $61.00) on shares of First Business Financial Services in a report on Tuesday, February 3rd. Finally, Keefe, Bruyette & Woods boosted their target price on First Business Financial Services from $59.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $65.50.

First Business Financial Services Profile

First Business Financial Services, Inc (NASDAQ:FBIZ) is a bank holding company headquartered in Madison, Wisconsin, offering a suite of commercial banking and financial services. Through its wholly owned subsidiary, First Business Bank, the company provides relationship-driven lending, deposit and treasury management solutions to small and mid-sized businesses, nonprofit organizations and high-net-worth individuals. Its core products include commercial real estate financing, equipment leasing, SBA-guaranteed lending, and cash management services.

In addition to lending and depository services, First Business Bank delivers investment advisory and wealth management through dedicated trust and private banking teams.