4,580 Shares in First Business Financial Services, Inc. $FBIZ Purchased by Semanteon Capital Management LP

Semanteon Capital Management LP acquired a new position in First Business Financial Services, Inc. (NASDAQ:FBIZ) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,580 shares of the financial services provider’s stock, valued at approximately $232,000. Semanteon Capital Management LP owned 0.06% of First Business Financial Services at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in First Business Financial Services by 12.3% in the first quarter. Vanguard Group Inc. now owns 449,280 shares of the financial services provider’s stock worth $21,184,000 after purchasing an additional 49,254 shares during the period. American Century Companies Inc. raised its stake in shares of First Business Financial Services by 30.6% in the 1st quarter. American Century Companies Inc. now owns 146,230 shares of the financial services provider’s stock valued at $6,895,000 after buying an additional 34,250 shares in the last quarter. Nuveen LLC bought a new position in shares of First Business Financial Services during the 1st quarter worth about $1,085,000. Informed Momentum Co LLC acquired a new position in First Business Financial Services in the first quarter worth about $831,000. Finally, Los Angeles Capital Management LLC boosted its holdings in First Business Financial Services by 133.1% during the second quarter. Los Angeles Capital Management LLC now owns 13,957 shares of the financial services provider’s stock valued at $707,000 after purchasing an additional 7,970 shares in the last quarter. 60.07% of the stock is currently owned by institutional investors and hedge funds.

First Business Financial Services Price Performance

Shares of FBIZ opened at $52.27 on Monday. 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 current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.83. The stock has a market cap of $435.10 million, a P/E ratio of 9.30 and a beta of 0.75. The stock’s 50-day moving average price is $50.87 and its two-hundred day moving average price is $50.22.

First Business Financial Services (NASDAQ:FBIZ) last released its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.31. The business had revenue of $44.29 million for the quarter, compared to analysts’ expectations of $42.30 million. First Business Financial Services had a return on equity of 14.22% and a net margin of 17.59%. On average, equities analysts predict that First Business Financial Services, Inc. will post 5.43 earnings per share for the current year.

First Business Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th will be issued a dividend of $0.29 per share. The ex-dividend date is Wednesday, November 19th. This represents a $1.16 annualized dividend and a yield of 2.2%. First Business Financial Services’s dividend payout ratio is presently 19.08%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FBIZ shares. Piper Sandler upped their price objective on First Business Financial Services from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Business Financial Services in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $60.67.

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.