Shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) have been given a consensus rating of “Hold” by the five ratings firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $24.50.

FBIZ has been the subject of a number of recent research reports. Zacks Investment Research cut shares of First Business Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Keefe, Bruyette & Woods cut shares of First Business Financial Services from an “outperform” rating to a “mkt perform” rating in a report on Tuesday, May 2nd.

In other First Business Financial Services news, insider Michael J. Losenegger sold 2,587 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $23.92, for a total transaction of $61,881.04. Following the completion of the sale, the insider now directly owns 26,781 shares in the company, valued at $640,601.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael J. Losenegger sold 2,413 shares of the company’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $23.78, for a total transaction of $57,381.14. Following the sale, the insider now owns 29,368 shares of the company’s stock, valued at $698,371.04. The disclosure for this sale can be found here. Insiders sold 18,639 shares of company stock valued at $462,721 over the last quarter. 6.60% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Context BH Capital Management LP boosted its stake in First Business Financial Services by 0.7% in the first quarter. Context BH Capital Management LP now owns 26,832 shares of the financial services provider’s stock worth $697,000 after buying an additional 184 shares during the period. American International Group Inc. boosted its stake in 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 buying an additional 333 shares during the period. LSV Asset Management boosted its stake in First Business Financial Services by 0.5% in the first quarter. LSV Asset Management now owns 169,125 shares of the financial services provider’s stock worth $4,390,000 after buying an additional 800 shares during the period. River Oaks Capital LLC boosted its stake in First Business Financial Services by 11.6% in the first quarter. River Oaks Capital LLC now owns 17,500 shares of the financial services provider’s stock worth $454,000 after buying an additional 1,820 shares during the period. Finally, Geode Capital Management LLC boosted its stake in 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 buying an additional 2,118 shares during the period. Institutional investors own 59.51% of the company’s stock.

First Business Financial Services (NASDAQ:FBIZ) opened at 23.55 on Tuesday. The company has a 50-day moving average price of $23.45 and a 200-day moving average price of $24.58. The firm has a market cap of $205.31 million, a PE ratio of 14.91 and a beta of 0.97. First Business Financial Services has a one year low of $18.76 and a one year high of $28.43.

First Business Financial Services (NASDAQ:FBIZ) last posted its quarterly earnings results on Thursday, April 27th. The financial services provider reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01. First Business Financial Services had a net margin of 14.39% and a return on equity of 8.46%. The business had revenue of $18.95 million for the quarter, compared to the consensus estimate of $19.42 million. Equities analysts predict that First Business Financial Services will post $1.77 earnings per share for the current fiscal year.

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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).

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