First Business Financial Services, Inc. (FBIZ) Director John J. Harris Purchases 2,000 Shares

First Business Financial Services, Inc. (NASDAQ:FBIZ) Director John J. Harris purchased 2,000 shares of First Business Financial Services stock in a transaction that occurred on Thursday, November 2nd. The stock was purchased at an average cost of $22.52 per share, for a total transaction of $45,040.00. Following the completion of the purchase, the director now owns 10,000 shares of the company’s stock, valued at $225,200. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) opened at $21.79 on Wednesday. First Business Financial Services, Inc. has a 12 month low of $20.57 and a 12 month high of $28.43. The company has a market capitalization of $187.11, a price-to-earnings ratio of 15.59, a PEG ratio of 2.06 and a beta of 0.96. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.07.

First Business Financial Services (NASDAQ:FBIZ) last released its earnings results on Thursday, October 26th. The financial services provider reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.14). First Business Financial Services had a return on equity of 7.20% and a net margin of 12.63%. The company had revenue of $19.22 million during the quarter, compared to analysts’ expectations of $20.00 million. equities research analysts anticipate that First Business Financial Services, Inc. will post 1.29 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Monday, November 6th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.39%. First Business Financial Services’s dividend payout ratio is currently 37.96%.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in FBIZ. Bank of New York Mellon Corp grew its stake in shares of First Business Financial Services by 5.1% in the first quarter. Bank of New York Mellon Corp now owns 45,227 shares of the financial services provider’s stock worth $1,174,000 after acquiring an additional 2,202 shares during the last quarter. American International Group Inc. grew its stake in shares of First Business Financial Services by 7.2% in the first quarter. American International Group Inc. now owns 4,973 shares of the financial services provider’s stock worth $129,000 after acquiring an additional 333 shares during the last quarter. OppenheimerFunds Inc. purchased a new stake in shares of First Business Financial Services in the first quarter worth $281,000. California Public Employees Retirement System grew its stake in shares of First Business Financial Services by 19.4% in the first quarter. California Public Employees Retirement System now owns 27,098 shares of the financial services provider’s stock worth $703,000 after acquiring an additional 4,400 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of First Business Financial Services by 3.7% in the first quarter. Geode Capital Management LLC now owns 59,418 shares of the financial services provider’s stock worth $1,542,000 after acquiring an additional 2,118 shares during the last quarter. 59.14% of the stock is currently owned by hedge funds and other institutional investors.

FBIZ has been the topic of several recent research reports. ValuEngine raised First Business Financial Services from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. TheStreet cut First Business Financial Services from a “b” rating to a “c+” rating in a research note on Friday, July 28th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of First Business Financial Services in a research note on Wednesday, November 1st. Finally, Zacks Investment Research raised First Business Financial Services from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.50.

First Business Financial Services Company Profile

First Business Financial Services, Inc (FBFS) is a bank holding company. The Company engages in the commercial banking business through its bank subsidiaries, which include First Business Bank (FBB), First Business Bank-Milwaukee (FBB-Milwaukee) and Alterra Bank (Alterra) (FBB and FBB-Milwaukee and, together with FBB, the Banks).

Insider Buying and Selling by Quarter for First Business Financial Services (NASDAQ:FBIZ)

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