First Business Financial Services, Inc. (NASDAQ:FBIZ) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “First Business Financial Services is the parent of the First Business family of companies, managing shareholder relations and providing access to capital for our operating entities. It provides its subsidiaries with cost-effective corporate services including human resources, finance, information technology, and marketing. Its companies include First Business Bank, First Business Bank – Milwaukee, First Business Trust & Investments, First Business Leasing, LLC, and First Business Capital Corp. “

FBIZ has been the subject of a number of other reports. TheStreet downgraded First Business Financial Services from a “b” rating to a “c+” rating in a report on Friday, July 28th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $25.00 price target on shares of First Business Financial Services in a research report on Tuesday, October 3rd. Finally, ValuEngine raised shares of First Business Financial Services from a “hold” rating to a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $24.50.

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 analysts’ consensus estimates 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 7.23% and a net margin of 12.63%.

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In related news, Director Jerome J. Smith sold 1,250 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $21.17, for a total transaction of $26,462.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Charles H. Batson sold 2,300 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $21.25, for a total transaction of $48,875.00. Following the sale, the insider now directly owns 26,907 shares of the company’s stock, valued at $571,773.75. The disclosure for this sale can be found here. 6.60% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. American International Group Inc. boosted its position 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 purchasing an additional 333 shares during the period. Ameriprise Financial Inc. purchased a new stake in First Business Financial Services during the 2nd quarter worth $201,000. Rhumbline Advisers boosted its position in First Business Financial Services by 5.3% during the 2nd quarter. Rhumbline Advisers now owns 9,351 shares of the financial services provider’s stock worth $216,000 after purchasing an additional 470 shares during the period. Bessemer Group Inc. boosted its position in First Business Financial Services by 2.5% during the 2nd quarter. Bessemer Group Inc. now owns 12,100 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 300 shares during the period. Finally, OppenheimerFunds Inc. purchased a new stake in First Business Financial Services during the 1st quarter worth $281,000. 60.12% of the stock is owned by hedge funds and other institutional investors.

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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