First Business Financial Services, Inc. (FBIZ) Receives Hold Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their hold rating on shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) in a report published on Wednesday, November 1st.

A number of other research analysts have also issued reports on FBIZ. Zacks Investment Research lowered First Business Financial Services from a buy rating to a hold rating in a research report on Tuesday, July 4th. TheStreet lowered First Business Financial Services from a b rating to a c+ rating in a research report on Friday, July 28th. Finally, ValuEngine upgraded First Business Financial Services from a hold rating to a buy rating in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of $24.50.

First Business Financial Services (NASDAQ FBIZ) traded down $0.39 during trading on Wednesday, reaching $21.26. The company’s stock had a trading volume of 8,800 shares, compared to its average volume of 20,790. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.07. First Business Financial Services has a 1-year low of $20.18 and a 1-year high of $28.43. The stock has a market cap of $189.65, a price-to-earnings ratio of 15.80, a PEG ratio of 2.09 and a beta of 0.96.

First Business Financial Services (NASDAQ:FBIZ) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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. sell-side analysts forecast that First Business Financial Services will post 1.29 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, November 6th will be issued a $0.13 dividend. The ex-dividend date is Friday, November 3rd. This represents a $0.52 dividend on an annualized basis and a yield of 2.45%. First Business Financial Services’s payout ratio is currently 37.96%.

In other First Business Financial Services news, Director John J. Harris acquired 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was purchased at an average cost of $22.52 per share, with a total value of $45,040.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $225,200. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jerome J. Smith sold 1,250 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $21.17, for a total value of $26,462.50. The disclosure for this sale can be found here. 8.30% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its position in shares of First Business Financial Services by 5.1% during the 1st quarter. Bank of New York Mellon Corp now owns 45,227 shares of the financial services provider’s stock worth $1,174,000 after purchasing an additional 2,202 shares during the last quarter. Context BH Capital Management LP grew its position in First Business Financial Services by 34.2% in the 2nd quarter. Context BH Capital Management LP now owns 36,000 shares of the financial services provider’s stock valued at $831,000 after acquiring an additional 9,168 shares in the last quarter. Banc Funds Co. LLC grew its position in First Business Financial Services by 3.0% in the 2nd quarter. Banc Funds Co. LLC now owns 786,198 shares of the financial services provider’s stock valued at $18,145,000 after acquiring an additional 22,770 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in First Business Financial Services by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 496,849 shares of the financial services provider’s stock valued at $11,467,000 after acquiring an additional 10,857 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in First Business Financial Services by 2.5% in the 2nd quarter. Bessemer Group Inc. now owns 12,100 shares of the financial services provider’s stock valued at $279,000 after acquiring an additional 300 shares in the last quarter. 59.18% of the stock is owned by hedge funds and other institutional investors.

About First Business Financial Services

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).

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