First Business Financial Services (NASDAQ:FBIZ) Rating Lowered to Hold at StockNews.com

First Business Financial Services (NASDAQ:FBIZ) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

FBIZ has been the subject of several other reports. Keefe, Bruyette & Woods restated an “outperform” rating and set a $51.00 price target (up from $48.00) on shares of First Business Financial Services in a research report on Monday, July 29th. DA Davidson upgraded shares of First Business Financial Services from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $36.00 to $50.00 in a report on Monday, August 5th. Finally, Piper Sandler raised their price target on shares of First Business Financial Services from $44.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, July 29th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, First Business Financial Services has a consensus rating of “Moderate Buy” and a consensus target price of $50.75.

First Business Financial Services Stock Down 1.4 %

FBIZ stock traded down $0.62 during mid-day trading on Wednesday, reaching $42.85. 8,790 shares of the company traded hands, compared to its average volume of 14,970. First Business Financial Services has a fifty-two week low of $28.35 and a fifty-two week high of $47.23. The firm’s 50 day moving average price is $43.54 and its 200 day moving average price is $38.16. The stock has a market cap of $355.18 million, a price-to-earnings ratio of 9.87 and a beta of 0.82. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.12.

First Business Financial Services (NASDAQ:FBIZ) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $1.23 EPS for the quarter, beating the consensus estimate of $1.09 by $0.14. First Business Financial Services had a return on equity of 13.87% and a net margin of 15.66%. The business had revenue of $65.34 million for the quarter, compared to the consensus estimate of $36.73 million. As a group, equities research analysts predict that First Business Financial Services will post 4.71 EPS for the current fiscal year.

Institutional Investors Weigh In On First Business Financial Services

A number of large investors have recently bought and sold shares of the company. Lazard Asset Management LLC acquired a new position in shares of First Business Financial Services during the 1st quarter worth approximately $60,000. BNP Paribas Financial Markets boosted its holdings in First Business Financial Services by 73.1% during the 1st quarter. BNP Paribas Financial Markets now owns 3,930 shares of the financial services provider’s stock valued at $147,000 after acquiring an additional 1,659 shares during the period. Squarepoint Ops LLC purchased a new position in First Business Financial Services during the 2nd quarter valued at about $204,000. Quadrature Capital Ltd purchased a new position in shares of First Business Financial Services in the 1st quarter valued at about $247,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of First Business Financial Services by 2.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,946 shares of the financial services provider’s stock valued at $711,000 after buying an additional 524 shares during the period. Hedge funds and other institutional investors own 60.07% of the company’s stock.

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.