First Business Financial Services, Inc. (NASDAQ:FBIZ) insider Charles H. Batson sold 2,300 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $21.10, for a total transaction of $48,530.00. Following the completion of the sale, the insider now owns 27,527 shares of the company’s stock, valued at approximately $580,819.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

First Business Financial Services, Inc. (NASDAQ FBIZ) traded up $0.50 during mid-day trading on Thursday, reaching $21.65. The company’s stock had a trading volume of 27,777 shares, compared to its average volume of 20,845. The company has a market cap of $186.76, a PE ratio of 15.56, a PEG ratio of 2.06 and a beta of 0.96. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.08 and a current ratio of 1.08. First Business Financial Services, Inc. has a 52-week low of $19.27 and a 52-week high of $28.43.

First Business Financial Services (NASDAQ:FBIZ) last released its earnings results on Thursday, October 26th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.14). The firm had revenue of $19.22 million for the quarter, compared to the consensus estimate of $20.00 million. First Business Financial Services had a return on equity of 7.20% and a net margin of 12.63%. equities analysts expect that First Business Financial Services, Inc. will post 1.29 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, November 6th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Friday, November 3rd. First Business Financial Services’s dividend payout ratio (DPR) is presently 37.96%.

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A number of hedge funds have recently added to or reduced their stakes in the business. Banc Funds Co. LLC increased its holdings in First Business Financial Services by 3.0% during the 2nd quarter. Banc Funds Co. LLC now owns 786,198 shares of the financial services provider’s stock worth $18,145,000 after purchasing an additional 22,770 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in First Business Financial Services by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 496,849 shares of the financial services provider’s stock worth $11,467,000 after purchasing an additional 10,857 shares in the last quarter. First Business Financial Services Inc. increased its holdings in First Business Financial Services by 0.8% during the 2nd quarter. First Business Financial Services Inc. now owns 398,784 shares of the financial services provider’s stock worth $9,204,000 after purchasing an additional 3,250 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of First Business Financial Services by 61.9% during the 2nd quarter. Vanguard Group Inc. now owns 334,887 shares of the financial services provider’s stock worth $7,729,000 after buying an additional 128,039 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of First Business Financial Services by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 232,125 shares of the financial services provider’s stock worth $5,358,000 after buying an additional 13,620 shares during the last quarter. Hedge funds and other institutional investors own 59.18% of the company’s stock.

FBIZ has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods restated a “hold” rating and issued a $25.00 price objective on shares of First Business Financial Services in a research report on Tuesday, October 3rd. Zacks Investment Research cut shares of First Business Financial Services from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. ValuEngine upgraded shares of First Business Financial Services from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. Finally, TheStreet cut shares of First Business Financial Services from a “b” rating to a “c+” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $24.50.

About First Business Financial Services

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).

Insider Buying and Selling by Quarter for First Business Financial Services (NASDAQ:FBIZ)

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