Shares of First Business Financial Services Inc. (NASDAQ:FBIZ) have been given an average recommendation of “Hold” by the five research firms that are covering the firm. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $25.33.

A number of analysts have weighed in on FBIZ shares. Zacks Investment Research upgraded First Business Financial Services from a “sell” rating to a “hold” rating in a research report on Monday, October 3rd. Raymond James Financial Inc. reissued a “market perform” rating on shares of First Business Financial Services in a research note on Monday, October 31st. Keefe, Bruyette & Woods reduced their price objective on First Business Financial Services from $28.00 to $27.00 and set an “outperform” rating on the stock in a research note on Monday, August 1st. Sandler O’Neill lowered First Business Financial Services from a “buy” rating to a “hold” rating and set a $25.00 price objective on the stock. in a research note on Monday, August 1st. Finally, DA Davidson began coverage on First Business Financial Services in a research note on Wednesday. They issued a “neutral” rating and a $24.00 price objective on the stock.

In other news, Director John J. Harris purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, November 2nd. The shares were acquired at an average price of $19.09 per share, with a total value of $38,180.00. Following the completion of the purchase, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $152,720. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.30% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Strs Ohio raised its position in shares of First Business Financial Services by 16.3% in the third quarter. Strs Ohio now owns 5,000 shares of the financial services provider’s stock valued at $117,000 after buying an additional 700 shares during the period. Acrospire Investment Management LLC raised its position in shares of First Business Financial Services by 9.5% in the second quarter. Acrospire Investment Management LLC now owns 5,389 shares of the financial services provider’s stock valued at $126,000 after buying an additional 468 shares during the period. Rhumbline Advisers raised its position in shares of First Business Financial Services by 2.3% in the third quarter. Rhumbline Advisers now owns 9,087 shares of the financial services provider’s stock valued at $214,000 after buying an additional 200 shares during the period. Eagle Global Advisors LLC purchased a new position in shares of First Business Financial Services during the third quarter valued at about $218,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of First Business Financial Services during the first quarter valued at about $244,000. 57.50% of the stock is currently owned by institutional investors and hedge funds.

First Business Financial Services (NASDAQ:FBIZ) opened at 21.94 on Wednesday. The company has a 50-day moving average price of $21.42 and a 200-day moving average price of $22.96. First Business Financial Services has a 52 week low of $18.76 and a 52 week high of $27.35. The stock has a market cap of $191.01 million, a PE ratio of 12.84 and a beta of 0.76.

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

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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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