Barclays PLC Acquires 8,497 Shares of First Business Financial Services, Inc. (NASDAQ:FBIZ)

Barclays PLC grew its holdings in First Business Financial Services, Inc. (NASDAQ:FBIZ) by 43.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,909 shares of the financial services provider’s stock after acquiring an additional 8,497 shares during the quarter. Barclays PLC owned 0.34% of First Business Financial Services worth $1,273,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of FBIZ. SG Americas Securities LLC bought a new stake in shares of First Business Financial Services in the 3rd quarter worth approximately $125,000. Squarepoint Ops LLC bought a new position in First Business Financial Services in the second quarter worth $204,000. ERn Financial LLC acquired a new stake in First Business Financial Services during the third quarter worth $210,000. Creative Planning bought a new stake in First Business Financial Services in the 3rd quarter valued at $216,000. Finally, Beese Fulmer Investment Management Inc. acquired a new position in shares of First Business Financial Services in the 3rd quarter valued at $217,000. Institutional investors and hedge funds own 60.07% of the company’s stock.

Analyst Upgrades and Downgrades

FBIZ has been the topic of several recent research reports. Keefe, Bruyette & Woods lifted their target price on shares of First Business Financial Services from $53.00 to $58.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded First Business Financial Services from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Piper Sandler dropped their target price 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. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $51.75.

Insider Buying and Selling

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 value of $273,743.60. Following the completion of the sale, the chief executive officer now directly 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Corey A. Chambas sold 40,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $48.81, for a total transaction of $1,952,400.00. Following the transaction, the chief executive officer now owns 112,750 shares in the company, valued at approximately $5,503,327.50. The trade was a 26.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,344 shares of company stock worth $2,275,144 in the last 90 days. Corporate insiders own 6.30% of the company’s stock.

First Business Financial Services Price Performance

NASDAQ:FBIZ opened at $43.62 on Tuesday. 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 firm has a market cap of $361.83 million, a PE ratio of 9.36 and a beta of 0.87. First Business Financial Services, Inc. has a 12 month low of $32.56 and a 12 month high of $52.22. The company’s 50-day moving average price is $48.07 and its two-hundred day moving average price is $44.49.

First Business Financial Services (NASDAQ:FBIZ) last announced its 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. First Business Financial Services had a return on equity of 13.70% and a net margin of 15.46%. The business had revenue of $66.39 million for the quarter, compared to the consensus estimate of $38.80 million. During the same period in the previous year, the business earned $1.17 EPS. On average, equities analysts anticipate that First Business Financial Services, Inc. will post 4.78 EPS for the current fiscal year.

First Business Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Thursday, November 7th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.29%. First Business Financial Services’s dividend payout ratio is 21.46%.

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.