First Business Financial Services Inc (FBIZ) Shares Sold by Bronfman E.L. Rothschild L.P.

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Bronfman E.L. Rothschild L.P. lowered its holdings in shares of First Business Financial Services Inc (NASDAQ:FBIZ) by 15.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,245 shares of the financial services provider’s stock after selling 1,338 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in First Business Financial Services were worth $141,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Prudential Financial Inc. raised its position in shares of First Business Financial Services by 3.8% during the fourth quarter. Prudential Financial Inc. now owns 24,030 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 890 shares during the period. Cutler Capital Management LLC raised its position in shares of First Business Financial Services by 5.0% during the fourth quarter. Cutler Capital Management LLC now owns 52,500 shares of the financial services provider’s stock worth $1,024,000 after purchasing an additional 2,500 shares during the period. Renaissance Technologies LLC raised its position in shares of First Business Financial Services by 1.3% during the third quarter. Renaissance Technologies LLC now owns 208,600 shares of the financial services provider’s stock worth $4,835,000 after purchasing an additional 2,695 shares during the period. River Oaks Capital LLC raised its position in shares of First Business Financial Services by 3.9% during the third quarter. River Oaks Capital LLC now owns 71,200 shares of the financial services provider’s stock worth $1,650,000 after purchasing an additional 2,700 shares during the period. Finally, Pacific Ridge Capital Partners LLC raised its position in shares of First Business Financial Services by 2.7% during the third quarter. Pacific Ridge Capital Partners LLC now owns 114,732 shares of the financial services provider’s stock worth $2,659,000 after purchasing an additional 2,997 shares during the period. 63.33% of the stock is currently owned by institutional investors.

NASDAQ:FBIZ opened at $20.09 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.17 and a debt-to-equity ratio of 1.71. The stock has a market cap of $179.97 million, a P/E ratio of 11.02, a PEG ratio of 1.25 and a beta of 0.90. First Business Financial Services Inc has a 52-week low of $18.76 and a 52-week high of $26.95.

First Business Financial Services (NASDAQ:FBIZ) last posted its quarterly earnings data on Thursday, January 24th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.02). The firm had revenue of $21.76 million for the quarter, compared to the consensus estimate of $21.37 million. First Business Financial Services had a return on equity of 9.27% and a net margin of 14.90%. On average, research analysts predict that First Business Financial Services Inc will post 2.05 earnings per share for the current year.

A number of research firms have recently commented on FBIZ. Zacks Investment Research raised First Business Financial Services from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Friday, February 1st. ValuEngine raised First Business Financial Services from a “sell” rating to a “hold” rating in a research report on Wednesday, November 28th. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $26.00.

In other news, Director Daniel P. Olszewski acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The stock was acquired at an average cost of $20.70 per share, for a total transaction of $51,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.20% of the stock is currently owned by company insiders.

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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. The company offer deposit products, such as non-interest-bearing transaction accounts, interest-bearing transaction accounts, money market accounts, time deposits, and certificates of deposit.

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Want to see what other hedge funds are holding FBIZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Business Financial Services Inc (NASDAQ:FBIZ).

Institutional Ownership by Quarter for First Business Financial Services (NASDAQ:FBIZ)

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