Dimensional Fund Advisors LP raised its holdings in shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) by 6.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 232,125 shares of the financial services provider’s stock after purchasing an additional 13,620 shares during the period. Dimensional Fund Advisors LP owned 2.66% of First Business Financial Services worth $5,358,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in First Business Financial Services by 5.1% during the 1st quarter. Bank of New York Mellon Corp now owns 45,227 shares of the financial services provider’s stock valued at $1,174,000 after purchasing an additional 2,202 shares during the last quarter. Context BH Capital Management LP raised its position in First Business Financial Services by 34.2% during the 2nd quarter. Context BH Capital Management LP now owns 36,000 shares of the financial services provider’s stock valued at $831,000 after purchasing an additional 9,168 shares during the last quarter. Teachers Advisors LLC raised its position in First Business Financial Services by 7.4% during the 2nd quarter. Teachers Advisors LLC now owns 13,627 shares of the financial services provider’s stock valued at $315,000 after purchasing an additional 940 shares during the last quarter. Bessemer Group Inc. raised its position in First Business Financial Services by 2.5% during 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 during the last quarter. Finally, California Public Employees Retirement System raised its position in First Business Financial Services by 19.4% during the 1st quarter. California Public Employees Retirement System now owns 27,098 shares of the financial services provider’s stock valued at $703,000 after purchasing an additional 4,400 shares during the last quarter. 58.41% of the stock is owned by institutional investors and hedge funds.

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FBIZ has been the subject of a number of recent analyst reports. TheStreet lowered First Business Financial Services from a “b” rating to a “c+” rating in a research report on Friday, July 28th. Zacks Investment Research lowered First Business Financial Services from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $25.00 target price on shares of First Business Financial Services in a research report on Thursday, August 3rd. Finally, ValuEngine raised First Business Financial Services from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $24.50.

In other news, Director John J. Harris purchased 2,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were purchased at an average cost of $22.52 per share, for a total transaction of $45,040.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $225,200. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Charles H. Batson sold 2,300 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $21.10, for a total value of $48,530.00. Following the completion of the transaction, the insider now owns 27,527 shares in the company, valued at $580,819.70. The disclosure for this sale can be found here. 6.60% of the stock is owned by company insiders.

First Business Financial Services, Inc. (NASDAQ FBIZ) opened at $23.08 on Wednesday. First Business Financial Services, Inc. has a 52-week low of $20.57 and a 52-week high of $28.43. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market capitalization of $199.81, a P/E ratio of 16.65, a P/E/G ratio of 2.20 and a beta of 0.96.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 6th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Friday, November 3rd. First Business Financial Services’s dividend payout ratio (DPR) is presently 37.96%.

First Business Financial Services 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).

Institutional Ownership by Quarter for First Business Financial Services (NASDAQ:FBIZ)

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