First Business Financial Services Inc (NASDAQ:FBIZ)‘s stock had its “hold” rating reissued by analysts at Keefe, Bruyette & Woods in a research note issued on Thursday. They currently have a $25.00 price objective on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 18.04% from the company’s current price.
A number of other research analysts also recently weighed in on FBIZ. TheStreet downgraded shares of First Business Financial Services from a “b” rating to a “c+” rating in a research report on Friday, July 28th. Zacks Investment Research downgraded shares of First Business Financial Services from a “hold” rating to a “sell” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock currently has an average rating of “Hold” and an average target price of $26.00.
Shares of First Business Financial Services (FBIZ) traded down 0.47% during trading on Thursday, hitting $21.18. The stock had a trading volume of 9,471 shares. First Business Financial Services has a 1-year low of $18.76 and a 1-year high of $28.43. The company has a market capitalization of $184.58 million, a P/E ratio of 15.48 and a beta of 0.95. The firm has a 50-day moving average of $23.16 and a 200 day moving average of $24.45.
First Business Financial Services (NASDAQ:FBIZ) last released its earnings results on Friday, July 28th. The financial services provider reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.19. First Business Financial Services had a net margin of 9.33% and a return on equity of 4.53%. The company had revenue of $20.22 million for the quarter, compared to the consensus estimate of $19.45 million. Equities research analysts predict that First Business Financial Services will post $1.55 earnings per share for the current fiscal year.
In other news, insider Michael J. Losenegger sold 2,413 shares of the stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $23.78, for a total transaction of $57,381.14. Following the completion of the transaction, the insider now directly owns 29,368 shares of the company’s stock, valued at approximately $698,371.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael J. Losenegger sold 2,587 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $23.92, for a total transaction of $61,881.04. Following the transaction, the insider now directly owns 26,781 shares of the company’s stock, valued at $640,601.52. The disclosure for this sale can be found here. Insiders have sold a total of 6,475 shares of company stock valued at $150,827 over the last three months. Insiders own 8.30% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. raised its position in First Business Financial Services by 7.2% in the first quarter. American International Group Inc. now owns 4,973 shares of the financial services provider’s stock worth $129,000 after buying an additional 333 shares in the last quarter. Rhumbline Advisers raised its position in First Business Financial Services by 5.3% in the second quarter. Rhumbline Advisers now owns 9,351 shares of the financial services provider’s stock worth $216,000 after buying an additional 470 shares in the last quarter. OppenheimerFunds Inc. bought a new position in First Business Financial Services during the first quarter worth about $281,000. Bessemer Group Inc. raised its position in First Business Financial Services by 2.5% in the second quarter. Bessemer Group Inc. now owns 12,100 shares of the financial services provider’s stock worth $279,000 after buying an additional 300 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new position in First Business Financial Services during the fourth quarter worth about $343,000. 59.51% of the stock is owned by hedge funds and other institutional investors.
First Business Financial Services Company Profile
First Business Financial Services, Inc (FBFS) is a bank holding company. The Company engages in the commercial banking business through its bank subsidiaries, which include First Business Bank (FBB), First Business Bank-Milwaukee (FBB-Milwaukee) and Alterra Bank (Alterra) (FBB and FBB-Milwaukee and, together with FBB, the Banks).
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