Jane Street Group LLC Sells 2,482 Shares of First Business Financial Services, Inc. (NASDAQ:FBIZ)

Jane Street Group LLC reduced its holdings in shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) by 33.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 5,024 shares of the financial services provider’s stock after selling 2,482 shares during the period. Jane Street Group LLC owned about 0.06% of First Business Financial Services worth $229,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of First Business Financial Services during the 3rd quarter worth approximately $125,000. ERn Financial LLC bought a new stake in shares of First Business Financial Services during the 3rd quarter worth approximately $210,000. Creative Planning bought a new stake in shares of First Business Financial Services during the 3rd quarter worth approximately $216,000. Beese Fulmer Investment Management Inc. bought a new stake in shares of First Business Financial Services during the 3rd quarter worth approximately $217,000. Finally, Squarepoint Ops LLC bought a new stake in shares of First Business Financial Services during the 2nd quarter worth approximately $204,000. 60.07% of the stock is owned by institutional investors.

Insider Transactions at First Business Financial Services

In related news, CEO James Edward Hartlieb sold 6,344 shares of the business’s 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 transaction, the chief executive officer now directly owns 28,162 shares in the company, valued at $1,215,190.30. The trade was a 18.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William Kent Lorenz sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $49.00, for a total value of $49,000.00. Following the transaction, the director now owns 8,341 shares in the company, valued at approximately $408,709. This trade represents a 10.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 47,344 shares of company stock valued at $2,275,144. Corporate insiders own 6.20% of the company’s stock.

First Business Financial Services Trading Down 3.6 %

Shares of NASDAQ FBIZ opened at $42.78 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 1.16. The business has a fifty day simple moving average of $48.06 and a two-hundred day simple moving average of $44.37. The firm has a market cap of $354.86 million, a PE ratio of 9.18 and a beta of 0.87. First Business Financial Services, Inc. has a twelve month low of $32.56 and a twelve month high of $52.22.

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

First Business Financial Services Announces Dividend

The business also recently declared 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 2.34%. The ex-dividend date of this dividend was Thursday, November 7th. First Business Financial Services’s payout ratio is 21.46%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FBIZ. Keefe, Bruyette & Woods raised their price target on First Business Financial Services from $53.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. StockNews.com raised First Business Financial Services from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Piper Sandler decreased their target price on First Business Financial Services from $56.00 to $53.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, First Business Financial Services presently has an average rating of “Buy” and an average price target of $51.75.

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.