First Business Financial Services (NASDAQ:FBIZ) Stock Rating Upgraded by StockNews.com

First Business Financial Services (NASDAQ:FBIZ) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

FBIZ has been the topic of a number of other research reports. Raymond James boosted their price objective on First Business Financial Services from $52.00 to $62.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods lowered their price objective on First Business Financial Services from $60.00 to $59.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Finally, Piper Sandler lifted their target price on shares of First Business Financial Services from $57.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, April 28th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, First Business Financial Services currently has a consensus rating of “Buy” and a consensus price target of $57.25.

First Business Financial Services Stock Up 0.9 %

FBIZ stock opened at $48.61 on Wednesday. The stock has a market capitalization of $404.39 million, a P/E ratio of 9.31 and a beta of 0.66. The company has a current ratio of 1.09, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16. The firm has a 50-day moving average price of $47.51 and a 200-day moving average price of $48.31. First Business Financial Services has a 12 month low of $33.10 and a 12 month high of $56.46.

First Business Financial Services (NASDAQ:FBIZ) last issued its earnings results on Thursday, April 24th. The financial services provider reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.03. The firm had revenue of $40.84 million for the quarter, compared to analyst estimates of $40.13 million. First Business Financial Services had a net margin of 16.86% and a return on equity of 14.33%. As a group, equities research analysts anticipate that First Business Financial Services will post 5.43 EPS for the current fiscal year.

Hedge Funds Weigh In On First Business Financial Services

Hedge funds have recently made changes to their positions in the stock. De Lisle Partners LLP increased its position in First Business Financial Services by 5.3% during the 1st quarter. De Lisle Partners LLP now owns 74,640 shares of the financial services provider’s stock valued at $3,517,000 after purchasing an additional 3,774 shares during the period. Federated Hermes Inc. boosted its stake in shares of First Business Financial Services by 0.6% in the 1st quarter. Federated Hermes Inc. now owns 70,279 shares of the financial services provider’s stock valued at $3,314,000 after purchasing an additional 401 shares during the last quarter. First Business Financial Services Inc. increased its position in shares of First Business Financial Services by 4.7% during the first quarter. First Business Financial Services Inc. now owns 393,819 shares of the financial services provider’s stock worth $18,569,000 after buying an additional 17,731 shares during the period. CWM LLC raised its stake in First Business Financial Services by 48.7% during the first quarter. CWM LLC now owns 913 shares of the financial services provider’s stock worth $43,000 after buying an additional 299 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in First Business Financial Services by 8.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,226 shares of the financial services provider’s stock worth $624,000 after buying an additional 1,047 shares during the last quarter. 60.07% of the stock is currently owned by institutional investors.

First Business Financial Services Company Profile

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.