First Business Financial Services, Inc. (NASDAQ:FBIZ) Director John J. Harris purchased 2,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was purchased at an average price of $22.52 per share, with a total value of $45,040.00. Following the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $225,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of First Business Financial Services, Inc. (NASDAQ FBIZ) traded up $0.15 during midday trading on Friday, hitting $22.01. The company had a trading volume of 7,293 shares, compared to its average volume of 17,780. The stock has a market cap of $195.95 million, a PE ratio of 16.33 and a beta of 0.96.

First Business Financial Services (NASDAQ:FBIZ) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.14). The firm had revenue of $19.22 million during the quarter, compared to analysts’ expectations of $20.00 million. First Business Financial Services had a net margin of 12.63% and a return on equity of 7.20%. research analysts predict that First Business Financial Services, Inc. will post 1.38 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, November 6th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Friday, November 3rd. First Business Financial Services’s dividend payout ratio (DPR) is 37.96%.

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FBIZ has been the subject of a number of research reports. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $25.00 price target on shares of First Business Financial Services in a report on Tuesday, October 3rd. Zacks Investment Research lowered First Business Financial Services from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. ValuEngine upgraded First Business Financial Services from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, TheStreet lowered First Business Financial Services from a “b” rating to a “c+” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $24.50.

A number of large investors have recently modified their holdings of the stock. Banc Funds Co. LLC raised its stake in First Business Financial Services by 3.0% in the second quarter. Banc Funds Co. LLC now owns 786,198 shares of the financial services provider’s stock worth $18,145,000 after buying an additional 22,770 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in First Business Financial Services by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 496,849 shares of the financial services provider’s stock worth $11,467,000 after buying an additional 10,857 shares in the last quarter. First Business Financial Services Inc. raised its stake in First Business Financial Services by 0.8% in the second quarter. First Business Financial Services Inc. now owns 398,784 shares of the financial services provider’s stock worth $9,204,000 after buying an additional 3,250 shares in the last quarter. Vanguard Group Inc. raised its stake in First Business Financial Services by 61.9% in the second quarter. Vanguard Group Inc. now owns 334,887 shares of the financial services provider’s stock worth $7,729,000 after buying an additional 128,039 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in First Business Financial Services by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 232,125 shares of the financial services provider’s stock worth $5,358,000 after buying an additional 13,620 shares in the last quarter. 60.12% of the stock is owned by institutional investors.

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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