First Business Financial Services (NASDAQ:FBIZ) Insider Jodi Chandler Sells 675 Shares of Stock

First Business Financial Services, Inc. (NASDAQ:FBIZ) insider Jodi Chandler sold 675 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $70.19, for a total value of $47,378.25. Following the completion of the transaction, the insider directly owned 22,550 shares in the company, valued at approximately $1,582,784.50. The trade was a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

First Business Financial Services Stock Performance

Shares of NASDAQ FBIZ opened at $70.85 on Friday. The company has a 50 day simple moving average of $67.13 and a two-hundred day simple moving average of $60.13. The stock has a market cap of $593.01 million, a price-to-earnings ratio of 10.80 and a beta of 0.66. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.90. First Business Financial Services, Inc. has a 12 month low of $46.07 and a 12 month high of $73.48.

First Business Financial Services (NASDAQ:FBIZ) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.84 EPS for the quarter, beating the consensus estimate of $1.56 by $0.28. The company had revenue of $46.71 million for 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%. As a group, analysts predict that First Business Financial Services, Inc. will post 6.56 earnings per share for the current year.

First Business Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th were given a dividend of $0.34 per share. The ex-dividend date was Wednesday, August 12th. This represents a $1.36 dividend on an annualized basis and a yield of 1.9%. First Business Financial Services’s dividend payout ratio is currently 20.73%.

Analyst Upgrades and Downgrades

FBIZ has been the subject of several recent research reports. Piper Sandler reissued an “overweight” rating and issued a $84.00 price objective (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 target price (up from $68.00) on shares of First Business Financial Services in a report on Monday, August 3rd. DA Davidson set a $80.00 target price on shares of First Business Financial Services and gave the company a “buy” rating in a research report on Monday, August 3rd. Finally, Weiss Ratings raised shares of First Business Financial Services from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $75.50.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of First Business Financial Services in the 2nd quarter valued at $58,646,000. The Manufacturers Life Insurance Company purchased a new position in shares of First Business Financial Services during the 2nd quarter worth $15,351,000. De Lisle Partners LLP acquired a new stake in shares of First Business Financial Services during the 2nd quarter worth about $6,258,000. Vista Investment Management acquired a new stake in shares of First Business Financial Services during the 2nd quarter worth about $3,307,000. Finally, Empowered Funds LLC purchased a new stake in First Business Financial Services in the 2nd quarter valued at about $2,853,000. Hedge funds and other institutional investors own 60.07% of the company’s stock.

About First Business Financial Services

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.