First Business Financial Services Inc. Acquires 1,000 Shares of Weyco Group, Inc. (NASDAQ:WEYS)

First Business Financial Services Inc. lifted its position in Weyco Group, Inc. (NASDAQ:WEYS) by 8.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,096 shares of the textile maker’s stock after purchasing an additional 1,000 shares during the period. First Business Financial Services Inc.’s holdings in Weyco Group were worth $446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in WEYS. Innealta Capital LLC purchased a new stake in Weyco Group in the 2nd quarter worth $25,000. Allspring Global Investments Holdings LLC lifted its stake in Weyco Group by 2,329.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,725 shares of the textile maker’s stock worth $52,000 after acquiring an additional 1,654 shares during the period. BNP Paribas Financial Markets raised its stake in Weyco Group by 83.6% in the first quarter. BNP Paribas Financial Markets now owns 3,198 shares of the textile maker’s stock worth $102,000 after buying an additional 1,456 shares in the last quarter. Ritholtz Wealth Management boosted its position in Weyco Group by 23.4% during the third quarter. Ritholtz Wealth Management now owns 9,980 shares of the textile maker’s stock valued at $340,000 after purchasing an additional 1,893 shares in the last quarter. Finally, Annex Advisory Services LLC boosted its stake in Weyco Group by 11.8% in the second quarter. Annex Advisory Services LLC now owns 19,114 shares of the textile maker’s stock valued at $580,000 after acquiring an additional 2,013 shares in the last quarter. 23.59% of the stock is currently owned by hedge funds and other institutional investors.

Weyco Group Stock Up 1.3 %

WEYS opened at $37.82 on Friday. Weyco Group, Inc. has a 52-week low of $26.06 and a 52-week high of $41.05. The firm’s fifty day simple moving average is $34.21 and its two-hundred day simple moving average is $32.14. The company has a market cap of $358.91 million, a price-to-earnings ratio of 12.52 and a beta of 0.71.

Weyco Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, November 18th will be paid a dividend of $2.26 per share. The ex-dividend date is Monday, November 18th. This is an increase from Weyco Group’s previous quarterly dividend of $0.26. This represents a $9.04 dividend on an annualized basis and a yield of 23.90%. Weyco Group’s payout ratio is 34.44%.

Analysts Set New Price Targets

Separately, StockNews.com raised Weyco Group from a “buy” rating to a “strong-buy” rating in a research report on Friday.

Insider Buying and Selling at Weyco Group

In other Weyco Group news, VP Allison Woss sold 1,463 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $37.81, for a total transaction of $55,316.03. Following the completion of the transaction, the vice president now owns 7,623 shares of the company’s stock, valued at $288,225.63. This trade represents a 16.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Damian Walton sold 1,000 shares of Weyco Group stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $38.21, for a total transaction of $38,210.00. Following the sale, the insider now owns 6,030 shares of the company’s stock, valued at approximately $230,406.30. This represents a 14.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,509 shares of company stock worth $194,780 in the last ninety days. 38.90% of the stock is owned by insiders.

Weyco Group Company Profile

Weyco Group, Inc designs and distributes footwear for men, women, and children. It operates in two segments, North American Wholesale Operations and North American Retail Operations. The company offers mid-priced leather dress shoes and casual footwear of man-made materials and leather; and outdoor boots, shoes, and sandals under the Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake brands.