M3F Inc. Lowers Holdings in First Business Financial Services, Inc. $FBIZ

M3F Inc. decreased its holdings in First Business Financial Services, Inc. (NASDAQ:FBIZ) by 49.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,685 shares of the financial services provider’s stock after selling 29,252 shares during the period. First Business Financial Services accounts for about 0.4% of M3F Inc.’s portfolio, making the stock its 23rd biggest holding. M3F Inc.’s holdings in First Business Financial Services were worth $1,601,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. bought a new position in First Business Financial Services in the 3rd quarter worth approximately $33,000. State of Alaska Department of Revenue raised its position in shares of First Business Financial Services by 174.2% during the fourth quarter. State of Alaska Department of Revenue now owns 905 shares of the financial services provider’s stock valued at $48,000 after buying an additional 575 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of First Business Financial Services by 32,175.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,291 shares of the financial services provider’s stock valued at $65,000 after buying an additional 1,287 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of First Business Financial Services by 356.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,890 shares of the financial services provider’s stock worth $96,000 after buying an additional 1,476 shares in the last quarter. Finally, Virtus Advisers LLC purchased a new position in shares of First Business Financial Services in the third quarter worth $109,000. Hedge funds and other institutional investors own 60.07% of the company’s stock.

First Business Financial Services Stock Performance

FBIZ stock opened at $63.85 on Monday. The firm has a fifty day moving average price of $58.44 and a 200 day moving average price of $56.85. First Business Financial Services, Inc. has a fifty-two week low of $45.90 and a fifty-two week high of $65.49. The firm has a market cap of $533.79 million, a PE ratio of 10.52 and a beta of 0.66. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.03 and a current ratio of 1.04.

First Business Financial Services (NASDAQ:FBIZ) last released its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.02. First Business Financial Services had a net margin of 18.16% and a return on equity of 14.60%. The company had revenue of $44.29 million for the quarter, compared to the consensus estimate of $43.40 million. Sell-side analysts anticipate that First Business Financial Services, Inc. will post 6.21 earnings per share for the current fiscal year.

First Business Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 6th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Wednesday, May 6th. First Business Financial Services’s dividend payout ratio is currently 22.41%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on FBIZ shares. DA Davidson restated a “buy” rating and set a $65.00 target price on shares of First Business Financial Services in a research report on Monday, April 27th. Raymond James Financial set a $64.00 price target on shares of First Business Financial Services in a report on Monday, April 27th. Finally, Weiss Ratings upgraded shares of First Business Financial Services from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $65.50.

First Business Financial Services Company Profile

First Business Financial Services, Inc (NASDAQ:FBIZ) is a bank holding company headquartered in Madison, Wisconsin, offering a suite of commercial banking and financial services. Through its wholly owned subsidiary, First Business Bank, the company provides relationship-driven lending, deposit and treasury management solutions to small and mid-sized businesses, nonprofit organizations and high-net-worth individuals. Its core products include commercial real estate financing, equipment leasing, SBA-guaranteed lending, and cash management services.

In addition to lending and depository services, First Business Bank delivers investment advisory and wealth management through dedicated trust and private banking teams.