First Business Financial Services, Inc. (NASDAQ:FBIZ)‘s stock had its “hold” rating restated by investment analysts at Keefe, Bruyette & Woods in a research report issued on Tuesday. They currently have a $25.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 9.46% from the stock’s previous close.

A number of other equities research analysts have also commented on FBIZ. Zacks Investment Research lowered shares of First Business Financial Services from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. TheStreet downgraded shares of First Business Financial Services from a “b” rating to a “c+” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $26.00.

First Business Financial Services (NASDAQ:FBIZ) traded down 0.61% on Tuesday, reaching $22.84. The company had a trading volume of 29,489 shares. First Business Financial Services has a 12 month low of $18.76 and a 12 month high of $28.43. The firm has a 50-day moving average of $21.49 and a 200-day moving average of $23.31. The stock has a market capitalization of $199.05 million, a P/E ratio of 16.70 and a beta of 0.95.

First Business Financial Services (NASDAQ:FBIZ) last announced its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.19). The firm had revenue of $20.22 million during the quarter, compared to analyst estimates of $19.45 million. First Business Financial Services had a net margin of 12.64% and a return on equity of 7.25%. On average, equities research analysts expect that First Business Financial Services will post $1.50 earnings per share for the current fiscal year.

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In other First Business Financial Services news, insider Charles H. Batson sold 2,300 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $21.25, for a total value of $48,875.00. Following the transaction, the insider now directly owns 26,907 shares in the company, valued at $571,773.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jerome J. Smith sold 1,475 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $21.40, for a total transaction of $31,565.00. Following the completion of the transaction, the director now owns 1,250 shares in the company, valued at $26,750. The disclosure for this sale can be found here. Insiders have sold a total of 5,025 shares of company stock valued at $106,903 in the last ninety days. Insiders own 6.60% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in FBIZ. Wellington Management Group LLP increased its position in First Business Financial Services by 46.3% during the first quarter. Wellington Management Group LLP now owns 772,985 shares of the financial services provider’s stock worth $20,067,000 after acquiring an additional 244,483 shares during the period. Vanguard Group Inc. boosted its holdings in First Business Financial Services by 61.9% in the 2nd quarter. Vanguard Group Inc. now owns 334,887 shares of the financial services provider’s stock valued at $7,729,000 after purchasing an additional 128,039 shares during the period. Northern Trust Corp boosted its holdings in First Business Financial Services by 101.5% in the 2nd quarter. Northern Trust Corp now owns 166,871 shares of the financial services provider’s stock valued at $3,851,000 after purchasing an additional 84,058 shares during the period. Banc Funds Co. LLC boosted its holdings 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 purchasing an additional 22,770 shares during the period. Finally, State Street Corp boosted its holdings in First Business Financial Services by 13.5% in the 2nd quarter. State Street Corp now owns 150,856 shares of the financial services provider’s stock valued at $3,481,000 after purchasing an additional 17,984 shares during the period. Institutional investors own 60.13% of the company’s stock.

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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