First Business Financial Services Inc (FBIZ) Insider Charles H. Batson Sells 2,050 Shares

First Business Financial Services Inc (NASDAQ:FBIZ) insider Charles H. Batson sold 2,050 shares of First Business Financial Services stock in a transaction on Monday, February 12th. The stock was sold at an average price of $24.04, for a total value of $49,282.00. Following the completion of the transaction, the insider now owns 24,482 shares in the company, valued at $588,547.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of First Business Financial Services Inc (FBIZ) traded down $0.04 during mid-day trading on Monday, hitting $24.01. The stock had a trading volume of 33,358 shares, compared to its average volume of 17,236. First Business Financial Services Inc has a twelve month low of $20.57 and a twelve month high of $28.43. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $210.76, a P/E ratio of 17.53, a price-to-earnings-growth ratio of 1.61 and a beta of 1.01.

First Business Financial Services (NASDAQ:FBIZ) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.06. First Business Financial Services had a return on equity of 7.17% and a net margin of 12.87%. The business had revenue of $18.88 million for the quarter, compared to the consensus estimate of $19.69 million. analysts anticipate that First Business Financial Services Inc will post 1.87 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, February 5th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, February 2nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.33%. First Business Financial Services’s dividend payout ratio is 40.88%.

A number of equities analysts recently issued reports on the company. ValuEngine upgraded First Business Financial Services from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Keefe, Bruyette & Woods restated a “hold” rating on shares of First Business Financial Services in a report on Wednesday, November 1st. TheStreet upgraded First Business Financial Services from a “c+” rating to a “b-” rating in a report on Tuesday, December 5th. Finally, Zacks Investment Research downgraded First Business Financial Services from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 1st.

Hedge funds have recently modified their holdings of the company. Teachers Advisors LLC grew its holdings in shares of First Business Financial Services by 7.4% during the second quarter. Teachers Advisors LLC now owns 13,627 shares of the financial services provider’s stock valued at $315,000 after buying an additional 940 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of First Business Financial Services by 61.9% during the second quarter. Vanguard Group Inc. now owns 334,887 shares of the financial services provider’s stock valued at $7,729,000 after buying an additional 128,039 shares in the last quarter. Northern Trust Corp grew its holdings in shares of First Business Financial Services by 101.5% during the second quarter. Northern Trust Corp now owns 166,871 shares of the financial services provider’s stock valued at $3,851,000 after buying an additional 84,058 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of First Business Financial Services by 31.2% during the third quarter. Wells Fargo & Company MN now owns 45,395 shares of the financial services provider’s stock valued at $1,032,000 after buying an additional 10,804 shares in the last quarter. Finally, State Street Corp boosted its position in First Business Financial Services by 13.5% during the second 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 last quarter. Institutional investors and hedge funds own 58.70% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “First Business Financial Services Inc (FBIZ) Insider Charles H. Batson Sells 2,050 Shares” was first posted by American Banking News and is the property of of American Banking News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of international copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/12/first-business-financial-services-inc-fbiz-insider-charles-h-batson-sells-2050-shares.html.

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).

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

Receive News & Ratings for First Business Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Business Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply