First Business Financial Services Inc (NASDAQ:FBIZ) has received a consensus recommendation of “Hold” from the six ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $27.50.
A number of brokerages recently weighed in on FBIZ. Sandler O’Neill set a $28.00 price objective on First Business Financial Services and gave the stock a “buy” rating in a report on Friday, July 27th. DA Davidson raised First Business Financial Services from a “neutral” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Tuesday, August 28th. They noted that the move was a valuation call. Zacks Investment Research lowered First Business Financial Services from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. Finally, ValuEngine lowered First Business Financial Services from a “buy” rating to a “hold” rating in a report on Saturday, June 2nd.
Shares of FBIZ stock opened at $22.36 on Monday. First Business Financial Services has a 1-year low of $20.57 and a 1-year high of $26.95. The firm has a market cap of $194.12 million, a P/E ratio of 16.56, a price-to-earnings-growth ratio of 1.52 and a beta of 0.76. The company has a current ratio of 1.23, a quick ratio of 1.22 and a debt-to-equity ratio of 2.16.
First Business Financial Services (NASDAQ:FBIZ) last announced its quarterly earnings data on Thursday, July 26th. The financial services provider reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.08). First Business Financial Services had a return on equity of 7.94% and a net margin of 13.86%. The business had revenue of $20.91 million for the quarter, compared to analyst estimates of $20.60 million. equities analysts predict that First Business Financial Services will post 1.82 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 16th. Shareholders of record on Monday, August 6th were given a dividend of $0.14 per share. The ex-dividend date was Friday, August 3rd. This represents a $0.56 dividend on an annualized basis and a yield of 2.50%. First Business Financial Services’s payout ratio is 41.48%.
In other First Business Financial Services news, insider Daniel Ovokaitys sold 1,379 shares of the business’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $21.86, for a total transaction of $30,144.94. Following the sale, the insider now directly owns 4,273 shares in the company, valued at $93,407.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.20% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. M3F Inc. boosted its position in First Business Financial Services by 28.5% during the first quarter. M3F Inc. now owns 137,854 shares of the financial services provider’s stock worth $3,468,000 after purchasing an additional 30,543 shares in the last quarter. Pacific Ridge Capital Partners LLC purchased a new stake in First Business Financial Services during the first quarter worth $1,681,000. Mackay Shields LLC purchased a new stake in First Business Financial Services during the first quarter worth $435,000. LSV Asset Management boosted its position in First Business Financial Services by 3.8% during the first quarter. LSV Asset Management now owns 170,825 shares of the financial services provider’s stock worth $4,297,000 after purchasing an additional 6,200 shares in the last quarter. Finally, Banc Funds Co. LLC boosted its position in First Business Financial Services by 5.3% during the first quarter. Banc Funds Co. LLC now owns 822,818 shares of the financial services provider’s stock worth $20,702,000 after purchasing an additional 41,620 shares in the last quarter. Institutional investors own 62.65% of the company’s stock.
About First Business Financial Services
First Business Financial Services, Inc operates as a bank holding company, which engages in the provision of commercial banking services. It offers treasury and investment management, commercial lending, equipment finance, retirement plans, trust and estate administration, private banking, and asset-based lending.
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