First Business Financial Services, Inc. (FBIZ) Position Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in First Business Financial Services, Inc. (NASDAQ:FBIZ) by 6.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 232,125 shares of the financial services provider’s stock after acquiring an additional 13,620 shares during the quarter. Dimensional Fund Advisors LP owned about 2.66% of First Business Financial Services worth $5,358,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp grew 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 buying an additional 2,202 shares during the period. American International Group Inc. boosted its stake in First Business Financial Services by 7.2% during the 1st 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. California Public Employees Retirement System boosted its stake in First Business Financial Services by 19.4% during the 1st 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. Geode Capital Management LLC boosted its stake in First Business Financial Services by 3.7% during the 1st 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. Finally, Renaissance Technologies LLC boosted its stake in First Business Financial Services by 6.1% during the 1st quarter. Renaissance Technologies LLC now owns 163,900 shares of the financial services provider’s stock worth $4,255,000 after acquiring an additional 9,378 shares during the last quarter. Hedge funds and other institutional investors own 58.93% of the company’s stock.

In other First Business Financial Services news, Director John J. Harris bought 2,000 shares of First Business Financial Services stock in a transaction dated Thursday, November 2nd. The stock was bought at an average price of $22.52 per share, with a total value of $45,040.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at approximately $225,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Charles H. Batson sold 2,300 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $21.10, for a total transaction of $48,530.00. Following the completion of the sale, the insider now directly owns 27,527 shares of the company’s stock, valued at approximately $580,819.70. The disclosure for this sale can be found here. 8.30% of the stock is owned by insiders.

Shares of First Business Financial Services, Inc. (FBIZ) traded down $0.05 during mid-day trading on Thursday, hitting $23.40. 13,955 shares of the stock were exchanged, compared to its average volume of 20,131. The company has a market capitalization of $205.94, a price-to-earnings ratio of 17.16, a PEG ratio of 2.27 and a beta of 0.96. First Business Financial Services, Inc. has a twelve month low of $20.57 and a twelve month high of $28.43. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.08 and a current ratio of 1.08.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 6th were issued a $0.13 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.52 annualized dividend and a dividend yield of 2.22%. First Business Financial Services’s dividend payout ratio is currently 37.96%.

FBIZ has been the topic of a number of research reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $25.00 price target on shares of First Business Financial Services in a research note on Tuesday, October 3rd. Zacks Investment Research raised shares of First Business Financial Services from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, ValuEngine raised shares of First Business Financial Services from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st.

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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).

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

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