First Business Financial Services (NASDAQ:FBIZ) Stock Price Expected to Rise, Piper Sandler Analyst Says

First Business Financial Services (NASDAQ:FBIZ) had its price objective hoisted by stock analysts at Piper Sandler from $55.00 to $58.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s price objective would suggest a potential upside of 21.64% from the company’s current price.

FBIZ has been the topic of several other reports. Wall Street Zen upgraded First Business Financial Services from a “hold” rating to a “buy” rating in a report on Wednesday, May 7th. Keefe, Bruyette & Woods cut their price target on First Business Financial Services from $60.00 to $59.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $57.25.

First Business Financial Services Stock Down 0.2%

Shares of NASDAQ FBIZ opened at $47.68 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.04 and a debt-to-equity ratio of 0.83. First Business Financial Services has a 12-month low of $39.65 and a 12-month high of $56.46. The company has a market cap of $396.70 million, a price-to-earnings ratio of 8.48 and a beta of 0.66. The firm’s 50-day simple moving average is $50.21 and its 200 day simple moving average is $49.36.

First Business Financial Services (NASDAQ:FBIZ) last issued its quarterly earnings results on Thursday, July 24th. The financial services provider reported $1.35 earnings per share for the quarter, hitting the consensus estimate of $1.35. First Business Financial Services had a net margin of 17.59% and a return on equity of 14.22%. The company had revenue of $41.04 million during the quarter, compared to analysts’ expectations of $41.55 million. On average, research analysts expect that First Business Financial Services will post 5.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of First Business Financial Services by 12.3% in the 1st 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 in the last quarter. First Business Financial Services Inc. increased its stake in First Business Financial Services by 4.7% during the 1st quarter. First Business Financial Services Inc. now owns 393,819 shares of the financial services provider’s stock worth $18,569,000 after buying an additional 17,731 shares in the last quarter. Cutler Capital Management LLC increased its stake in First Business Financial Services by 1.4% during the 1st quarter. Cutler Capital Management LLC now owns 155,399 shares of the financial services provider’s stock worth $7,327,000 after buying an additional 2,200 shares in the last quarter. American Century Companies Inc. increased its stake in First Business Financial Services by 30.6% during the 1st quarter. American Century Companies Inc. now owns 146,230 shares of the financial services provider’s stock worth $6,895,000 after buying an additional 34,250 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its holdings in shares of First Business Financial Services by 2.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 90,421 shares of the financial services provider’s stock worth $4,186,000 after purchasing an additional 2,156 shares during the last quarter. Institutional investors own 60.07% of the company’s stock.

About First Business Financial Services

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.