De Lisle Partners LLP Makes New $6.26 Million Investment in First Business Financial Services, Inc. $FBIZ

De Lisle Partners LLP acquired a new stake in First Business Financial Services, Inc. (NASDAQ:FBIZ) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 98,812 shares of the financial services provider’s stock, valued at approximately $6,258,000. De Lisle Partners LLP owned about 1.18% of First Business Financial Services as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of First Business Financial Services in the second quarter worth approximately $58,646,000. Federated Hermes Inc. raised its holdings in First Business Financial Services by 45.8% during the 4th quarter. Federated Hermes Inc. now owns 104,764 shares of the financial services provider’s stock valued at $5,689,000 after buying an additional 32,899 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in First Business Financial Services during the 2nd quarter valued at $2,061,000. Vanguard Group Inc. boosted its position in First Business Financial Services by 6.8% during the 3rd quarter. Vanguard Group Inc. now owns 481,681 shares of the financial services provider’s stock valued at $24,691,000 after buying an additional 30,499 shares during the period. Finally, First Trust Advisors LP boosted its position in First Business Financial Services by 469.9% during the 3rd quarter. First Trust Advisors LP now owns 30,258 shares of the financial services provider’s stock valued at $1,551,000 after buying an additional 24,949 shares during the period. Hedge funds and other institutional investors own 60.07% of the company’s stock.

First Business Financial Services Stock Down 0.2%

Shares of NASDAQ FBIZ opened at $68.69 on Friday. The firm has a fifty day simple moving average of $66.08 and a two-hundred day simple moving average of $59.75. 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 current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $574.94 million, a PE ratio of 10.47 and a beta of 0.66.

First Business Financial Services (NASDAQ:FBIZ) last announced its earnings results on Thursday, July 30th. The financial services provider reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $46.71 million for the quarter, compared to analyst estimates of $45.42 million. Equities analysts expect that First Business Financial Services, Inc. will post 6.56 earnings per share for the current year.

First Business Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th will be given a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $1.36 annualized dividend and a dividend yield of 2.0%. First Business Financial Services’s dividend payout ratio is currently 20.73%.

Analyst Upgrades and Downgrades

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