Franklin Resources Inc. Has $1.11 Million Stock Position in First Business Financial Services, Inc. $FBIZ

Franklin Resources Inc. lowered its holdings in shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) by 46.7% during the second quarter, Holdings Channel reports. The firm owned 21,974 shares of the financial services provider’s stock after selling 19,248 shares during the period. Franklin Resources Inc.’s holdings in First Business Financial Services were worth $1,113,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of FBIZ. Vanguard Group Inc. increased its position in First Business Financial Services by 12.3% during the first quarter. Vanguard Group Inc. now owns 449,280 shares of the financial services provider’s stock worth $21,184,000 after buying an additional 49,254 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of First Business Financial Services by 4.4% during the 2nd quarter. Geode Capital Management LLC now owns 185,361 shares of the financial services provider’s stock valued at $9,392,000 after acquiring an additional 7,797 shares during the last quarter. Cutler Capital Management LLC raised its stake in shares of First Business Financial Services by 1.4% in the 1st quarter. Cutler Capital Management LLC now owns 155,399 shares of the financial services provider’s stock valued at $7,327,000 after acquiring an additional 2,200 shares in the last quarter. American Century Companies Inc. raised its stake in shares of First Business Financial Services by 30.6% in the 1st quarter. American Century Companies Inc. now owns 146,230 shares of the financial services provider’s stock valued at $6,895,000 after acquiring an additional 34,250 shares in the last quarter. Finally, Hillsdale Investment Management Inc. lifted its holdings in First Business Financial Services by 29.6% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 104,071 shares of the financial services provider’s stock worth $5,272,000 after purchasing an additional 23,800 shares during the last quarter. 60.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of First Business Financial Services in a report on Wednesday, October 8th. Piper Sandler raised their target price on shares of First Business Financial Services from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $60.67.

First Business Financial Services Stock Down 0.8%

Shares of FBIZ stock opened at $53.92 on Friday. First Business Financial Services, Inc. has a 12 month low of $42.18 and a 12 month high of $56.46. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.77. The firm has a market cap of $448.61 million, a PE ratio of 8.87 and a beta of 0.74. The stock has a 50 day moving average of $50.95 and a 200-day moving average of $50.54.

First Business Financial Services (NASDAQ:FBIZ) last announced its earnings results on Thursday, October 30th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.31. First Business Financial Services had a net margin of 18.55% and a return on equity of 14.89%. The business had revenue of $44.29 million for the quarter, compared to analyst estimates of $42.30 million. On average, equities analysts predict that First Business Financial Services, Inc. will post 5.43 EPS for the current year.

First Business Financial Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Wednesday, November 19th. First Business Financial Services’s dividend payout ratio (DPR) is presently 19.08%.

About First Business Financial Services

First Business Financial Services, Inc operates as the bank holding company for First Business Bank that provides commercial banking products and services for small and medium-sized businesses, business owners, executives, professionals, and high net worth individuals in Wisconsin, Kansas, and Missouri.