Keefe, Bruyette & Woods reaffirmed their hold rating on shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) in a report released on Wednesday morning.

Several other equities research analysts have also commented on the stock. ValuEngine upgraded shares of First Business Financial Services from a hold rating to a buy rating in a research report on Tuesday, October 31st. Zacks Investment Research upgraded shares of First Business Financial Services from a sell rating to a hold rating in a research report on Tuesday, October 3rd. Finally, TheStreet lowered shares of First Business Financial Services from a b rating to a c+ rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. First Business Financial Services currently has an average rating of Hold and an average target price of $24.50.

Shares of First Business Financial Services (NASDAQ FBIZ) opened at $22.01 on Wednesday. First Business Financial Services has a 1 year low of $18.78 and a 1 year high of $28.43. The company has a quick ratio of 1.03, a current ratio of 1.08 and a debt-to-equity ratio of 1.07. The company has a market cap of $192.80, a PE ratio of 16.07, a P/E/G ratio of 1.99 and a beta of 0.96.

First Business Financial Services (NASDAQ:FBIZ) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.14). First Business Financial Services had a return on equity of 7.20% and a net margin of 12.63%. The business had revenue of $19.22 million during the quarter, compared to analysts’ expectations of $20.00 million. analysts anticipate that First Business Financial Services will post 1.29 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, November 6th will be issued a $0.13 dividend. The ex-dividend date is Friday, November 3rd. This represents a $0.52 dividend on an annualized basis and a yield of 2.36%. First Business Financial Services’s dividend payout ratio (DPR) is 37.96%.

In other news, Director John J. Harris bought 2,000 shares of First Business Financial Services stock in a transaction on Thursday, November 2nd. The shares were bought at an average cost of $22.52 per share, for a total transaction of $45,040.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at $225,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jerome J. Smith sold 1,250 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $21.17, for a total transaction of $26,462.50. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 2,253 shares of company stock worth $50,642. 8.30% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the business. American International Group Inc. lifted its holdings in First Business Financial Services by 7.2% in the 1st quarter. American International Group Inc. now owns 4,973 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 333 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in First Business Financial Services in the 2nd quarter valued at about $201,000. Rhumbline Advisers lifted its holdings in First Business Financial Services by 5.3% in the 2nd quarter. Rhumbline Advisers now owns 9,351 shares of the financial services provider’s stock valued at $216,000 after purchasing an additional 470 shares in the last quarter. Bessemer Group Inc. lifted its holdings in First Business Financial Services by 2.5% in the 2nd quarter. Bessemer Group Inc. now owns 12,100 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 300 shares in the last quarter. Finally, OppenheimerFunds Inc. purchased a new position in First Business Financial Services in the 1st quarter valued at about $281,000. Institutional investors own 60.12% of the company’s stock.

About First Business Financial Services

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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