GSA Capital Partners LLP Makes New $1.21 Million Investment in First Business Financial Services, Inc. $FBIZ

GSA Capital Partners LLP purchased a new position in shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 19,167 shares of the financial services provider’s stock, valued at approximately $1,211,000.

A number of other large investors have also made changes to their positions in FBIZ. Northwestern Mutual Wealth Management Co. acquired a new position in First Business Financial Services during the third quarter worth about $33,000. State of Alaska Department of Revenue increased its holdings in First Business Financial Services by 174.2% in 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 in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of First Business Financial Services by 32,175.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,291 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 1,287 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of First Business Financial Services by 356.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,890 shares of the financial services provider’s stock valued at $96,000 after acquiring an additional 1,476 shares during the period. Finally, Virtus Advisers LLC acquired a new stake in shares of First Business Financial Services during the 3rd quarter valued at approximately $109,000. Hedge funds and other institutional investors own 60.07% of the company’s stock.

First Business Financial Services Stock Down 0.7%

Shares of NASDAQ FBIZ opened at $70.95 on Tuesday. First Business Financial Services, Inc. has a 12-month low of $46.07 and a 12-month high of $73.48. The company has a market capitalization of $593.85 million, a PE ratio of 10.82 and a beta of 0.65. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.06 and a quick ratio of 1.06. The firm’s 50-day moving average is $65.35 and its two-hundred day moving average is $59.42.

First Business Financial Services (NASDAQ:FBIZ) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.84 EPS for the quarter, beating the consensus estimate of $1.56 by $0.28. First Business Financial Services had a net margin of 19.28% and a return on equity of 14.92%. The business had revenue of $46.71 million for the quarter, compared to analyst estimates of $45.42 million. Equities analysts anticipate that First Business Financial Services, Inc. will post 6.56 EPS for the current fiscal year.

First Business Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $1.36 dividend on an annualized basis and a yield of 1.9%. First Business Financial Services’s dividend payout ratio is presently 20.73%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on FBIZ shares. DA Davidson set a $80.00 price target on First Business Financial Services and gave the stock a “buy” rating in a report on Monday, August 3rd. Piper Sandler reaffirmed an “overweight” rating and set a $84.00 price objective (up from $70.00) on shares of First Business Financial Services in a report on Monday, August 3rd. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $74.00 target price (up from $68.00) on shares of First Business Financial Services in a research report on Monday, August 3rd. Weiss Ratings upgraded First Business Financial Services from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, June 15th. Finally, Raymond James Financial set a $64.00 target price on First Business Financial Services in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to MarketBeat.com, First Business Financial Services presently has a consensus rating of “Buy” and an average price target of $75.50.

First Business Financial Services 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.