8,524 Shares in First Business Financial Services, Inc. (NASDAQ:FBIZ) Bought by Fourthstone LLC

Fourthstone LLC acquired a new stake in First Business Financial Services, Inc. (NASDAQ:FBIZ) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 8,524 shares of the financial services provider’s stock, valued at approximately $389,000. Fourthstone LLC owned approximately 0.10% of First Business Financial Services at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of First Business Financial Services by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 537,808 shares of the financial services provider’s stock valued at $19,893,000 after purchasing an additional 7,871 shares in the last quarter. First Business Financial Services Inc. boosted its position in First Business Financial Services by 3.4% during the 3rd quarter. First Business Financial Services Inc. now owns 365,912 shares of the financial services provider’s stock worth $16,682,000 after acquiring an additional 12,194 shares during the last quarter. Vanguard Group Inc. boosted its position in First Business Financial Services by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 361,070 shares of the financial services provider’s stock worth $13,540,000 after acquiring an additional 7,499 shares during the last quarter. De Lisle Partners LLP grew its stake in shares of First Business Financial Services by 43.3% during the 3rd quarter. De Lisle Partners LLP now owns 66,774 shares of the financial services provider’s stock worth $3,040,000 after acquiring an additional 20,183 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of First Business Financial Services by 5.6% in the second quarter. Bank of New York Mellon Corp now owns 37,891 shares of the financial services provider’s stock valued at $1,402,000 after purchasing an additional 1,998 shares during the last quarter. 60.07% of the stock is owned by institutional investors and hedge funds.

First Business Financial Services Stock Performance

Shares of FBIZ stock traded down $0.42 on Thursday, reaching $50.51. The stock had a trading volume of 13,404 shares, compared to its average volume of 16,687. First Business Financial Services, Inc. has a 12 month low of $32.56 and a 12 month high of $52.22. The firm has a market capitalization of $419.23 million, a price-to-earnings ratio of 10.84 and a beta of 0.83. The firm’s 50-day moving average is $45.92 and its two-hundred day moving average is $41.41. The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 1.16.

First Business Financial Services (NASDAQ:FBIZ) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.04. First Business Financial Services had a return on equity of 13.70% and a net margin of 15.46%. The firm had revenue of $66.39 million for the quarter, compared to analyst estimates of $38.80 million. During the same quarter in the prior year, the company earned $1.17 earnings per share. On average, research analysts expect that First Business Financial Services, Inc. will post 4.78 EPS for the current fiscal year.

First Business Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Thursday, November 7th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend was Thursday, November 7th. First Business Financial Services’s payout ratio is presently 21.46%.

Analyst Ratings Changes

FBIZ has been the subject of a number of analyst reports. DA Davidson raised shares of First Business Financial Services from a “neutral” rating to a “buy” rating and raised their target price for the company from $36.00 to $50.00 in a research report on Monday, August 5th. Piper Sandler decreased their price objective on First Business Financial Services from $56.00 to $53.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Finally, StockNews.com upgraded First Business Financial Services from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $50.00.

Insider Transactions at First Business Financial Services

In other news, CEO James Edward Hartlieb sold 6,344 shares of First Business Financial Services stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $43.15, for a total transaction of $273,743.60. Following the completion of the sale, the chief executive officer now owns 28,162 shares of the company’s stock, valued at approximately $1,215,190.30. This trade represents a 18.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William Kent Lorenz sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $49.00, for a total transaction of $49,000.00. Following the transaction, the director now directly owns 8,341 shares in the company, valued at approximately $408,709. This represents a 10.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,344 shares of company stock worth $2,275,144. 6.20% of the stock is owned by insiders.

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.