First Business Financial Services, Inc. (NASDAQ:FBIZ) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) by 24.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,412 shares of the financial services provider’s stock after acquiring an additional 679 shares during the quarter. SG Americas Securities LLC’s holdings in First Business Financial Services were worth $158,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Squarepoint Ops LLC acquired a new position in First Business Financial Services during the 2nd quarter valued at approximately $204,000. Creative Planning purchased a new stake in shares of First Business Financial Services during the third quarter valued at $216,000. ERn Financial LLC acquired a new position in shares of First Business Financial Services in the 3rd quarter valued at $210,000. Beese Fulmer Investment Management Inc. acquired a new stake in First Business Financial Services during the 3rd quarter worth about $217,000. Finally, GSA Capital Partners LLP grew its stake in First Business Financial Services by 38.3% during the 3rd quarter. GSA Capital Partners LLP now owns 9,900 shares of the financial services provider’s stock valued at $451,000 after purchasing an additional 2,740 shares during the last quarter. Institutional investors and hedge funds own 60.07% of the company’s stock.

Insiders Place Their Bets

In other news, Director William Kent Lorenz sold 1,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $49.00, for a total transaction of $49,000.00. Following the completion of the sale, the director now owns 8,341 shares of the company’s stock, valued at $408,709. The trade was a 10.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.30% of the stock is currently owned by company insiders.

First Business Financial Services Price Performance

Shares of NASDAQ FBIZ opened at $55.10 on Monday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.09 and a quick ratio of 1.08. The firm’s 50 day simple moving average is $47.87 and its 200-day simple moving average is $45.91. First Business Financial Services, Inc. has a 12 month low of $32.56 and a 12 month high of $56.46. The stock has a market capitalization of $457.33 million, a price-to-earnings ratio of 10.56 and a beta of 0.88.

First Business Financial Services (NASDAQ:FBIZ) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.27 by $0.16. First Business Financial Services had a net margin of 16.86% and a return on equity of 14.33%. Analysts expect that First Business Financial Services, Inc. will post 5.38 EPS for the current year.

First Business Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.29 dividend. This is a boost from First Business Financial Services’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 2.11%. First Business Financial Services’s dividend payout ratio is presently 19.16%.

Analysts Set New Price Targets

FBIZ has been the subject of several research analyst reports. Keefe, Bruyette & Woods raised their price objective on First Business Financial Services from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. StockNews.com raised shares of First Business Financial Services from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd. Piper Sandler increased their price objective on shares of First Business Financial Services from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Finally, Raymond James boosted their target price on shares of First Business Financial Services from $52.00 to $62.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $58.75.

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.