Ameriprise Financial Inc. acquired a new position in shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,700 shares of the financial services provider’s stock, valued at approximately $201,000. Ameriprise Financial Inc. owned 0.10% of First Business Financial Services as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in FBIZ. Bank of New York Mellon Corp grew its position in shares of First Business Financial Services by 5.1% during the 1st quarter. Bank of New York Mellon Corp now owns 45,227 shares of the financial services provider’s stock worth $1,174,000 after buying an additional 2,202 shares during the period. American International Group Inc. grew its position in shares of First Business Financial Services by 7.2% during the 1st quarter. American International Group Inc. now owns 4,973 shares of the financial services provider’s stock worth $129,000 after buying an additional 333 shares during the period. OppenheimerFunds Inc. acquired a new stake in shares of First Business Financial Services during the 1st quarter worth approximately $281,000. California Public Employees Retirement System grew its position in shares of First Business Financial Services by 19.4% during the 1st quarter. California Public Employees Retirement System now owns 27,098 shares of the financial services provider’s stock worth $703,000 after buying an additional 4,400 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of First Business Financial Services by 3.7% during the 1st quarter. Geode Capital Management LLC now owns 59,418 shares of the financial services provider’s stock worth $1,542,000 after buying an additional 2,118 shares during the period. 59.14% of the stock is owned by institutional investors.

Shares of First Business Financial Services, Inc. (NASDAQ FBIZ) opened at $22.74 on Friday. First Business Financial Services, Inc. has a 52-week low of $20.57 and a 52-week high of $28.43. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market cap of $199.20, a price-to-earnings ratio of 16.60, a P/E/G ratio of 2.20 and a beta of 0.96.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 6th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Friday, November 3rd. First Business Financial Services’s payout ratio is currently 37.96%.

Several analysts have recently commented on FBIZ shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $25.00 price objective on shares of First Business Financial Services in a research report on Tuesday, October 3rd. Zacks Investment Research downgraded shares of First Business Financial Services from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. ValuEngine raised shares of First Business Financial Services from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. Finally, TheStreet downgraded 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 given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $24.50.

In related news, Director Jerome J. Smith sold 1,250 shares of First Business Financial Services stock in a transaction on 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John J. Harris purchased 2,000 shares of First Business Financial Services stock in a transaction that occurred on Thursday, November 2nd. The stock was acquired at an average cost of $22.52 per share, with a total value of $45,040.00. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $225,200. The disclosure for this purchase can be found here. Company insiders own 8.30% 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).

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

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