First Business Financial Services (NASDAQ:FBIZ) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of First Business Financial Services (NASDAQ:FBIZ) from a buy rating to a hold rating in a research report report published on Friday.

FBIZ has been the subject of several other research reports. Piper Sandler lowered their price target on shares of First Business Financial Services from $56.00 to $53.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods raised their price target on shares of First Business Financial Services from $53.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, First Business Financial Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.75.

First Business Financial Services Stock Up 0.7 %

NASDAQ:FBIZ opened at $47.50 on Friday. The firm has a market capitalization of $394.01 million, a PE ratio of 10.19 and a beta of 0.87. First Business Financial Services has a 52 week low of $32.56 and a 52 week high of $52.22. The company has a current ratio of 1.09, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16. The stock has a 50 day moving average of $47.53 and a 200-day moving average of $45.00.

First Business Financial Services (NASDAQ:FBIZ) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. The firm had revenue of $66.39 million during the quarter, compared to the consensus estimate of $38.80 million. First Business Financial Services had a return on equity of 13.70% and a net margin of 15.46%. During the same period in the prior year, the business earned $1.17 EPS. Analysts predict that First Business Financial Services will post 4.78 EPS for the current year.

Insider Buying and Selling

In other news, CEO James Edward Hartlieb sold 6,344 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $43.15, for a total value of $273,743.60. Following the sale, the chief executive officer now owns 28,162 shares of the company’s stock, valued at approximately $1,215,190.30. The trade was a 18.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Corey A. Chambas sold 40,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $48.81, for a total value of $1,952,400.00. Following the completion of the sale, the chief executive officer now owns 112,750 shares of the company’s stock, valued at approximately $5,503,327.50. This trade represents a 26.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,344 shares of company stock valued at $2,275,144 over the last 90 days. 6.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On First Business Financial Services

Hedge funds and other institutional investors have recently bought and sold shares of the business. R Squared Ltd bought a new position in shares of First Business Financial Services during the 4th quarter valued at about $49,000. SG Americas Securities LLC bought a new stake in First Business Financial Services during the third quarter worth approximately $125,000. ERn Financial LLC acquired a new position in First Business Financial Services in the third quarter worth approximately $210,000. Creative Planning bought a new position in shares of First Business Financial Services in the third quarter valued at $216,000. Finally, Beese Fulmer Investment Management Inc. acquired a new stake in shares of First Business Financial Services during the 3rd quarter valued at $217,000. 60.07% of the stock is currently owned by institutional investors.

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.