First Business Financial Services, Inc. (NASDAQ:FBIZ) insider Charles H. Batson sold 2,300 shares of First Business Financial Services stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $21.25, for a total transaction of $48,875.00. Following the completion of the sale, the insider now owns 26,907 shares in the company, valued at $571,773.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

First Business Financial Services, Inc. (FBIZ) traded up 0.14% during mid-day trading on Monday, hitting $21.21. 81,443 shares of the company’s stock were exchanged. The stock has a market capitalization of $184.85 million, a P/E ratio of 15.50 and a beta of 0.95. First Business Financial Services, Inc. has a 52 week low of $18.76 and a 52 week high of $28.43. The firm has a 50 day moving average of $23.07 and a 200 day moving average of $24.43.

First Business Financial Services (NASDAQ:FBIZ) last issued its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by $0.19. First Business Financial Services had a return on equity of 7.25% and a net margin of 12.64%. The company had revenue of $20.22 million for the quarter, compared to the consensus estimate of $19.45 million. Equities analysts forecast that First Business Financial Services, Inc. will post $1.55 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Monday, August 7th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Thursday, August 3rd. First Business Financial Services’s dividend payout ratio is currently 38.24%.

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A number of large investors have recently modified their holdings of FBIZ. American International Group Inc. raised its stake in shares of 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 in the last quarter. Rhumbline Advisers raised its stake in shares of First Business Financial Services by 5.3% in the second quarter. Rhumbline Advisers now owns 9,351 shares of the financial services provider’s stock worth $216,000 after buying an additional 470 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of First Business Financial Services by 2.5% in the second quarter. Bessemer Group Inc. now owns 12,100 shares of the financial services provider’s stock worth $279,000 after buying an additional 300 shares in the last quarter. OppenheimerFunds Inc. bought a new stake in shares of First Business Financial Services during the first quarter worth approximately $281,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of First Business Financial Services during the fourth quarter worth approximately $343,000. 58.71% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have commented on FBIZ. Keefe, Bruyette & Woods restated a “buy” rating and set a $27.00 price target on shares of First Business Financial Services in a research report on Monday, April 10th. TheStreet downgraded shares of First Business Financial Services from a “b” rating to a “c+” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research downgraded shares of First Business Financial Services from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $26.00.

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).

Insider Buying and Selling by Quarter for First Business Financial Services (NASDAQ:FBIZ)

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