De Lisle Partners LLP Acquires Shares of 98,812 First Business Financial Services, Inc. $FBIZ

De Lisle Partners LLP bought a new stake in shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) during the second quarter, HoldingsChannel reports. The firm bought 98,812 shares of the financial services provider’s stock, valued at approximately $6,258,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Royal Bank of Canada lifted its position in First Business Financial Services by 3.3% during the 1st quarter. Royal Bank of Canada now owns 13,677 shares of the financial services provider’s stock valued at $645,000 after acquiring an additional 431 shares during the period. AQR Capital Management LLC grew its holdings in First Business Financial Services by 104.5% in the first quarter. AQR Capital Management LLC now owns 9,635 shares of the financial services provider’s stock worth $454,000 after purchasing an additional 4,924 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in First Business Financial Services by 5.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,711 shares of the financial services provider’s stock worth $222,000 after purchasing an additional 234 shares during the period. Quantbot Technologies LP purchased a new stake in First Business Financial Services in the second quarter worth about $147,000. Finally, Invesco Ltd. increased its stake in shares of First Business Financial Services by 0.7% during the second quarter. Invesco Ltd. now owns 58,169 shares of the financial services provider’s stock valued at $2,947,000 after purchasing an additional 400 shares in the last quarter. 60.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FBIZ. DA Davidson set a $80.00 target price on shares of First Business Financial Services and gave the company a “buy” rating in a report on Monday, August 3rd. Piper Sandler restated an “overweight” rating and issued a $84.00 price target (up from $70.00) on shares of First Business Financial Services in a research note on Monday, August 3rd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $74.00 price objective (up from $68.00) on shares of First Business Financial Services in a research report on Monday, August 3rd. Raymond James Financial set a $64.00 price objective on First Business Financial Services in a research report on Monday, April 27th. Finally, Weiss Ratings upgraded First Business Financial Services from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $75.50.

First Business Financial Services Stock Performance

Shares of FBIZ stock opened at $68.69 on Friday. First Business Financial Services, Inc. has a one year low of $46.07 and a one year high of $73.48. The company’s 50-day moving average is $66.08 and its 200 day moving average is $59.75. The company has a market capitalization of $574.94 million, a price-to-earnings ratio of 10.47 and a beta of 0.66. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.06 and a current ratio of 1.06.

First Business Financial Services (NASDAQ:FBIZ) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.28. The business had revenue of $46.71 million during the quarter, compared to analyst estimates of $45.42 million. First Business Financial Services had a net margin of 19.28% and a return on equity of 14.92%. Sell-side analysts expect that First Business Financial Services, Inc. will post 6.56 EPS for the current fiscal year.

First Business Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th will be issued a dividend of $0.34 per share. The ex-dividend date is Wednesday, August 12th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.0%. First Business Financial Services’s dividend payout ratio is presently 20.73%.

First Business Financial Services Company Profile

First Business Financial Services, Inc (NASDAQ:FBIZ) is a bank holding company headquartered in Madison, Wisconsin, offering a suite of commercial banking and financial services. Through its wholly owned subsidiary, First Business Bank, the company provides relationship-driven lending, deposit and treasury management solutions to small and mid-sized businesses, nonprofit organizations and high-net-worth individuals. Its core products include commercial real estate financing, equipment leasing, SBA-guaranteed lending, and cash management services.

In addition to lending and depository services, First Business Bank delivers investment advisory and wealth management through dedicated trust and private banking teams.