Uncommon Cents Investing LLC Purchases 1,485 Shares of First Business Financial Services, Inc. (NASDAQ:FBIZ)

Uncommon Cents Investing LLC grew its position in shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,255 shares of the financial services provider’s stock after buying an additional 1,485 shares during the quarter. Uncommon Cents Investing LLC owned 0.44% of First Business Financial Services worth $1,454,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Vista Investment Management grew its position in shares of First Business Financial Services by 5.9% during the 2nd quarter. Vista Investment Management now owns 52,232 shares of the financial services provider’s stock valued at $1,540,000 after acquiring an additional 2,922 shares during the period. Pacific Ridge Capital Partners LLC lifted its stake in shares of First Business Financial Services by 2.7% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 169,134 shares of the financial services provider’s stock valued at $5,076,000 after purchasing an additional 4,513 shares during the last quarter. SG Americas Securities LLC purchased a new position in First Business Financial Services during the third quarter worth $100,000. Riverwater Partners LLC grew its holdings in First Business Financial Services by 88.9% during the 3rd quarter. Riverwater Partners LLC now owns 14,108 shares of the financial services provider’s stock valued at $423,000 after purchasing an additional 6,641 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in shares of First Business Financial Services by 17.3% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 84,069 shares of the financial services provider’s stock worth $2,479,000 after buying an additional 12,390 shares during the period. 60.07% of the stock is currently owned by hedge funds and other institutional investors.

First Business Financial Services Stock Up 2.3 %

Shares of FBIZ opened at $37.50 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $311.63 million, a price-to-earnings ratio of 8.62 and a beta of 0.77. The stock’s 50-day moving average price is $35.53 and its 200-day moving average price is $34.40. First Business Financial Services, Inc. has a 52 week low of $24.57 and a 52 week high of $41.03.

First Business Financial Services (NASDAQ:FBIZ) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.14 by $0.01. First Business Financial Services had a return on equity of 13.95% and a net margin of 16.37%. The company had revenue of $36.63 million during the quarter, compared to analyst estimates of $37.60 million. On average, sell-side analysts predict that First Business Financial Services, Inc. will post 4.69 EPS for the current year.

First Business Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Thursday, February 8th were given a $0.25 dividend. The ex-dividend date was Wednesday, February 7th. This represents a $1.00 dividend on an annualized basis and a yield of 2.67%. This is a boost from First Business Financial Services’s previous quarterly dividend of $0.22. First Business Financial Services’s dividend payout ratio is presently 22.99%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FBIZ. Raymond James boosted their price target on First Business Financial Services from $40.00 to $46.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Piper Sandler reiterated an “overweight” rating and issued a $44.00 price target on shares of First Business Financial Services in a report on Monday, March 18th.

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 in Wisconsin, Kansas, and Missouri.