Federated Investors Inc. PA raised its holdings in shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) by 6.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,778 shares of the financial services provider’s stock after purchasing an additional 3,758 shares during the period. Federated Investors Inc. PA owned 0.71% of First Business Financial Services worth $1,426,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wellington Management Group LLP increased its stake in shares of First Business Financial Services by 46.3% during the first quarter. Wellington Management Group LLP now owns 772,985 shares of the financial services provider’s stock valued at $20,067,000 after purchasing an additional 244,483 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of First Business Financial Services by 8.1% during the first quarter. Dimensional Fund Advisors LP now owns 218,505 shares of the financial services provider’s stock valued at $5,672,000 after purchasing an additional 16,463 shares in the last quarter. LSV Asset Management increased its stake in shares of First Business Financial Services by 0.5% during the first quarter. LSV Asset Management now owns 169,125 shares of the financial services provider’s stock valued at $4,390,000 after purchasing an additional 800 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of First Business Financial Services by 6.1% during the first quarter. Renaissance Technologies LLC now owns 163,900 shares of the financial services provider’s stock valued at $4,255,000 after purchasing an additional 9,378 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of First Business Financial Services by 19.3% during the first quarter. Wells Fargo & Company MN now owns 95,536 shares of the financial services provider’s stock valued at $2,480,000 after purchasing an additional 15,438 shares in the last quarter. 60.13% of the stock is owned by institutional investors and hedge funds.

In other news, Director Jerome J. Smith sold 1,250 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $21.17, for a total value of $26,462.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jerome J. Smith sold 1,475 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $21.40, for a total transaction of $31,565.00. Following the completion of the sale, the director now owns 1,250 shares of the company’s stock, valued at approximately $26,750. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,025 shares of company stock valued at $106,903. Company insiders own 8.30% of the company’s stock.

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First Business Financial Services, Inc. (NASDAQ FBIZ) opened at 21.20 on Thursday. The firm’s 50 day moving average is $21.32 and its 200-day moving average is $23.67. First Business Financial Services, Inc. has a 52 week low of $18.76 and a 52 week high of $28.43. The company has a market cap of $184.76 million, a P/E ratio of 15.50 and a beta of 0.95.

First Business Financial Services (NASDAQ:FBIZ) last posted its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.19). First Business Financial Services had a net margin of 12.64% and a return on equity of 7.25%. The business had revenue of $20.22 million during the quarter, compared to the consensus estimate of $19.45 million. On average, analysts predict that First Business Financial Services, Inc. will post $1.50 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 7th were issued a $0.13 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $0.52 annualized dividend and a dividend yield of 2.45%. First Business Financial Services’s dividend payout ratio is currently 38.24%.

A number of brokerages have weighed in on FBIZ. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $25.00 target price on shares of First Business Financial Services in a research note on Thursday, August 3rd. Zacks Investment Research downgraded shares of First Business Financial Services from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, TheStreet downgraded shares of First Business Financial Services from a “b” rating to a “c+” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $26.00.

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).

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Institutional Ownership by Quarter for First Business Financial Services (NASDAQ:FBIZ)

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