DA Davidson assumed coverage on shares of First Business Financial Services Inc. (NASDAQ:FBIZ) in a report issued on Wednesday. The firm set a “neutral” rating on the financial services provider’s stock.

Other equities research analysts have also recently issued reports about the stock. Sandler O’Neill cut shares of First Business Financial Services from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a research report on Monday, August 1st. Zacks Investment Research lowered shares of First Business Financial Services from a “hold” rating to a “sell” rating in a report on Tuesday, August 2nd. Keefe, Bruyette & Woods reduced their price target on shares of First Business Financial Services from $28.00 to $27.00 and set an “outperform” rating for the company in a report on Monday, August 1st. Finally, Raymond James Financial Inc. restated a “market perform” rating on shares of First Business Financial Services in a report on Monday, October 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $26.67.

Shares of First Business Financial Services (NASDAQ:FBIZ) opened at 21.94 on Wednesday. The company has a 50-day moving average of $21.52 and a 200 day moving average of $22.99. The stock has a market cap of $191.01 million, a PE ratio of 12.84 and a beta of 0.76. First Business Financial Services has a one year low of $18.76 and a one year high of $27.35.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 21st. Investors of record on Thursday, November 10th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, November 8th. This represents a $0.48 annualized dividend and a dividend yield of 2.19%. First Business Financial Services’s dividend payout ratio (DPR) is presently 28.07%.

In other news, Director John J. Harris acquired 2,000 shares of First Business Financial Services stock in a transaction that occurred on Wednesday, November 2nd. The stock was purchased at an average price of $19.09 per share, for a total transaction of $38,180.00. Following the purchase, the director now directly owns 8,000 shares in the company, valued at approximately $152,720. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.30% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Delphi Management Inc. MA raised its position in First Business Financial Services by 1.1% in the third quarter. Delphi Management Inc. MA now owns 20,283 shares of the financial services provider’s stock valued at $477,000 after buying an additional 225 shares during the period. Cornerstone Capital Management Holdings LLC. raised its position in First Business Financial Services by 57.6% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 19,424 shares of the financial services provider’s stock valued at $456,000 after buying an additional 7,100 shares during the period. Banc Funds Co. LLC raised its position in First Business Financial Services by 3.8% in the third quarter. Banc Funds Co. LLC now owns 685,728 shares of the financial services provider’s stock valued at $16,115,000 after buying an additional 25,000 shares during the period. The Manufacturers Life Insurance Company purchased a new position in First Business Financial Services during the third quarter valued at approximately $10,975,000. Finally, Eagle Global Advisors LLC purchased a new position in First Business Financial Services during the third quarter valued at approximately $218,000. Hedge funds and other institutional investors own 57.50% of the company’s stock.

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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).

5 Day Chart for NASDAQ:FBIZ

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