Squarepoint Ops LLC Invests $204,000 in First Business Financial Services, Inc. (NASDAQ:FBIZ)

Squarepoint Ops LLC purchased a new stake in shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,519 shares of the financial services provider’s stock, valued at approximately $204,000. Squarepoint Ops LLC owned approximately 0.07% of First Business Financial Services as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Lazard Asset Management LLC bought a new stake in First Business Financial Services during the 1st quarter valued at $60,000. BNP Paribas Financial Markets increased its stake in shares of First Business Financial Services by 73.1% during the first quarter. BNP Paribas Financial Markets now owns 3,930 shares of the financial services provider’s stock valued at $147,000 after buying an additional 1,659 shares during the period. Quadrature Capital Ltd bought a new stake in shares of First Business Financial Services in the first quarter valued at about $247,000. Price T Rowe Associates Inc. MD lifted its stake in First Business Financial Services by 2.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 18,946 shares of the financial services provider’s stock worth $711,000 after acquiring an additional 524 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in First Business Financial Services by 5.6% in the second quarter. Bank of New York Mellon Corp now owns 37,891 shares of the financial services provider’s stock worth $1,402,000 after acquiring an additional 1,998 shares during the period. Hedge funds and other institutional investors own 60.07% of the company’s stock.

Wall Street Analyst Weigh In

FBIZ has been the subject of several recent research reports. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $51.00 price target (up previously from $48.00) on shares of First Business Financial Services in a report on Monday, July 29th. DA Davidson upgraded First Business Financial Services from a “neutral” rating to a “buy” rating and upped their target price for the stock from $36.00 to $50.00 in a report on Monday, August 5th. StockNews.com upgraded First Business Financial Services from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Piper Sandler upped their price objective on First Business Financial Services from $44.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $50.75.

First Business Financial Services Trading Up 3.9 %

NASDAQ:FBIZ opened at $43.69 on Friday. The stock has a market capitalization of $362.15 million, a price-to-earnings ratio of 10.07 and a beta of 0.82. First Business Financial Services, Inc. has a 52 week low of $28.35 and a 52 week high of $47.23. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.12. The firm has a 50 day moving average of $43.25 and a 200 day moving average of $38.54.

First Business Financial Services (NASDAQ:FBIZ) last issued 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 firm had revenue of $65.34 million during the quarter, compared to analyst estimates of $36.73 million. As a group, sell-side analysts anticipate that First Business Financial Services, Inc. will post 4.7 earnings per share for the current fiscal year.

First Business Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Thursday, August 8th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.29%. First Business Financial Services’s payout ratio is 23.04%.

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.