First Business Financial Services (NASDAQ:FBIZ – Get Rating) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
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Separately, Raymond James lifted their target price on First Business Financial Services from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Monday, October 31st.
First Business Financial Services Stock Down 1.4 %
Shares of NASDAQ FBIZ opened at $36.43 on Wednesday. First Business Financial Services has a 52 week low of $29.84 and a 52 week high of $39.88. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.18 and a current ratio of 1.18. The stock’s fifty day moving average is $35.86 and its 200 day moving average is $35.55. The stock has a market capitalization of $307.14 million, a P/E ratio of 7.69 and a beta of 0.72.
First Business Financial Services (NASDAQ:FBIZ – Get Rating) last released its earnings results on Thursday, January 26th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. First Business Financial Services had a return on equity of 17.22% and a net margin of 27.09%. The firm had revenue of $34.43 million for the quarter, compared to analysts’ expectations of $34.35 million. Sell-side analysts forecast that First Business Financial Services will post 4.51 earnings per share for the current fiscal year.
Insider Activity
In other news, General Counsel Barbara Mccarty Conley sold 3,005 shares of First Business Financial Services stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $37.50, for a total transaction of $112,687.50. Following the sale, the general counsel now directly owns 27,002 shares of the company’s stock, valued at $1,012,575. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.10% of the company’s stock.
Hedge Funds Weigh In On First Business Financial Services
A number of hedge funds and other institutional investors have recently made changes to their positions in FBIZ. Price T Rowe Associates Inc. MD lifted its stake in First Business Financial Services by 4.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,924 shares of the financial services provider’s stock valued at $765,000 after buying an additional 912 shares during the period. Two Sigma Investments LP lifted its stake in First Business Financial Services by 1.4% in the fourth quarter. Two Sigma Investments LP now owns 21,215 shares of the financial services provider’s stock valued at $775,000 after buying an additional 296 shares during the period. Dorsey Wright & Associates acquired a new position in First Business Financial Services in the fourth quarter valued at approximately $29,000. Charles Schwab Investment Management Inc. lifted its stake in First Business Financial Services by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,806 shares of the financial services provider’s stock valued at $760,000 after buying an additional 786 shares during the period. Finally, Barclays PLC lifted its stake in First Business Financial Services by 9.7% in the fourth quarter. Barclays PLC now owns 20,590 shares of the financial services provider’s stock valued at $752,000 after buying an additional 1,813 shares during the period. 66.11% of the stock is owned by institutional investors and hedge funds.
First Business Financial Services Company Profile
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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