First Business Financial Services (NASDAQ:FBIZ) Upgraded at StockNews.com

First Business Financial Services (NASDAQ:FBIZ) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

Several other research firms also recently weighed in on FBIZ. Piper Sandler decreased their target price on First Business Financial Services from $56.00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday. DA Davidson upgraded 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. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $51.00 target price (up previously from $48.00) on shares of First Business Financial Services in a research report on Monday, July 29th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $50.00.

First Business Financial Services Stock Down 0.8 %

Shares of FBIZ opened at $43.88 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.12. First Business Financial Services has a 12 month low of $30.50 and a 12 month high of $47.23. The stock’s 50 day moving average is $44.03 and its two-hundred day moving average is $39.38. The firm has a market cap of $363.72 million, a P/E ratio of 10.11 and a beta of 0.82.

First Business Financial Services (NASDAQ:FBIZ) last released its earnings results on Thursday, October 24th. The financial services provider reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.04. The business had revenue of $66.39 million for the quarter, compared to the consensus estimate of $38.80 million. First Business Financial Services had a return on equity of 13.87% and a net margin of 15.66%. During the same quarter last year, the business posted $1.17 earnings per share. Analysts predict that First Business Financial Services will post 4.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On First Business Financial Services

A number of institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in First Business Financial Services by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 537,808 shares of the financial services provider’s stock worth $19,893,000 after buying an additional 7,871 shares in the last quarter. Vanguard Group Inc. raised its position in First Business Financial Services by 2.1% in the first quarter. Vanguard Group Inc. now owns 361,070 shares of the financial services provider’s stock valued at $13,540,000 after purchasing an additional 7,499 shares during the period. First Business Financial Services Inc. raised its position in First Business Financial Services by 1.2% in the second quarter. First Business Financial Services Inc. now owns 353,718 shares of the financial services provider’s stock valued at $13,084,000 after purchasing an additional 4,196 shares during the period. Pacific Ridge Capital Partners LLC raised its position in First Business Financial Services by 1.7% in the first quarter. Pacific Ridge Capital Partners LLC now owns 169,903 shares of the financial services provider’s stock valued at $6,371,000 after purchasing an additional 2,894 shares during the period. Finally, Empowered Funds LLC raised its position in First Business Financial Services by 7.8% in the first quarter. Empowered Funds LLC now owns 41,101 shares of the financial services provider’s stock valued at $1,541,000 after purchasing an additional 2,975 shares during the period. Hedge funds and other institutional investors own 60.07% of the company’s stock.

About First Business Financial Services

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.