TheStreet lowered shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) from a b rating to a c+ rating in a research note released on Friday.

Other equities analysts have also issued reports about the company. Zacks Investment Research lowered First Business Financial Services from a buy rating to a hold rating in a report on Tuesday, July 4th. Keefe, Bruyette & Woods lowered First Business Financial Services from an outperform rating to a mkt perform rating in a report on Tuesday, May 2nd. Five equities research analysts have rated the stock with a hold rating, The company presently has a consensus rating of Hold and an average price target of $26.25.

First Business Financial Services (NASDAQ:FBIZ) traded up 0.85% during mid-day trading on Friday, reaching $21.44. The company had a trading volume of 3,108 shares. The company’s 50-day moving average is $23.16 and its 200-day moving average is $24.45. The stock has a market capitalization of $186.85 million, a PE ratio of 15.67 and a beta of 0.97. First Business Financial Services has a one year low of $18.76 and a one year high of $28.43.

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 (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.19. The business had revenue of $20.22 million during the quarter, compared to the consensus estimate of $19.45 million. First Business Financial Services had a net margin of 12.64% and a return on equity of 7.28%. Equities research analysts anticipate that First Business Financial Services will post $1.77 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, August 7th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.52 annualized dividend and a yield of 2.45%. First Business Financial Services’s payout ratio is 38.24%.

In related news, insider Michael J. Losenegger sold 2,587 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $23.92, for a total value of $61,881.04. Following the transaction, the insider now owns 26,781 shares in the company, valued at $640,601.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael J. Losenegger sold 2,413 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $23.78, for a total value of $57,381.14. Following the completion of the transaction, the insider now owns 29,368 shares in the company, valued at approximately $698,371.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,605 shares of company stock worth $461,836. 6.60% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of FBIZ. American International Group Inc. increased 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 valued at $129,000 after buying an additional 333 shares during the last quarter. OppenheimerFunds Inc. purchased a new position in First Business Financial Services during the first quarter valued at approximately $281,000. Bessemer Group Inc. increased 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 valued at $279,000 after buying an additional 300 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in First Business Financial Services during the fourth quarter valued at approximately $343,000. Finally, River Oaks Capital LLC increased its position in First Business Financial Services by 11.6% in the first quarter. River Oaks Capital LLC now owns 17,500 shares of the financial services provider’s stock valued at $454,000 after buying an additional 1,820 shares during the last quarter. Institutional investors and hedge funds own 59.51% of the company’s stock.

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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