First Business Financial Services (NASDAQ:FBIZ) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks.com reports. The firm presently has a $18.00 price target on the financial services provider’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 12.01% from the stock’s previous close.

According to Zacks, “First Business Financial Services is the parent of the First Business family of companies, managing shareholder relations and providing access to capital for our operating entities. It provides its subsidiaries with cost-effective corporate services including human resources, finance, information technology, and marketing. Its companies include First Business Bank, First Business Bank – Milwaukee, First Business Trust & Investments, First Business Leasing, LLC, and First Business Capital Corp. “

Separately, Raymond James upgraded First Business Financial Services from a “market perform” rating to an “outperform” rating and set a $19.00 target price on the stock in a research note on Wednesday, June 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. First Business Financial Services currently has a consensus rating of “Hold” and a consensus price target of $18.50.

FBIZ opened at $16.07 on Monday. The stock has a market capitalization of $132.04 million, a P/E ratio of 6.72 and a beta of 1.09. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.16. First Business Financial Services has a 12 month low of $12.86 and a 12 month high of $27.35. The firm’s fifty day simple moving average is $15.79 and its 200 day simple moving average is $20.08.

First Business Financial Services (NASDAQ:FBIZ) last released its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.07). The firm had revenue of $23.46 million during the quarter, compared to analyst estimates of $23.03 million. First Business Financial Services had a net margin of 16.57% and a return on equity of 10.76%. On average, equities research analysts predict that First Business Financial Services will post 1.74 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Citigroup Inc. lifted its position in First Business Financial Services by 58.4% during the 1st quarter. Citigroup Inc. now owns 2,740 shares of the financial services provider’s stock worth $42,000 after buying an additional 1,010 shares in the last quarter. Royal Bank of Canada increased its position in shares of First Business Financial Services by 18.5% in the first quarter. Royal Bank of Canada now owns 6,188 shares of the financial services provider’s stock valued at $96,000 after acquiring an additional 968 shares during the last quarter. WINTON GROUP Ltd raised its holdings in First Business Financial Services by 11.2% during the first quarter. WINTON GROUP Ltd now owns 11,796 shares of the financial services provider’s stock worth $183,000 after acquiring an additional 1,192 shares in the last quarter. Barclays PLC raised its holdings in First Business Financial Services by 99.2% during the fourth quarter. Barclays PLC now owns 8,409 shares of the financial services provider’s stock worth $221,000 after acquiring an additional 4,187 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in First Business Financial Services by 83.9% during the first quarter. Parametric Portfolio Associates LLC now owns 15,288 shares of the financial services provider’s stock valued at $237,000 after purchasing an additional 6,976 shares during the last quarter. Hedge funds and other institutional investors own 65.19% of the company’s stock.

First Business Financial Services Company Profile

First Business Financial Services, Inc operates as the bank holding company for First Business Bank that provides commercial banking products and services for small and medium-sized businesses, business owners, executives, professionals, and high net worth individuals. The company offers deposit products, such as non-interest-bearing transaction accounts, interest-bearing transaction accounts, money market accounts, time deposits, and certificates of deposit.

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