Dimensional Fund Advisors LP raised its holdings in First Business Financial Services Inc (NASDAQ:FBIZ) by 7.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 249,582 shares of the financial services provider’s stock after purchasing an additional 17,457 shares during the quarter. Dimensional Fund Advisors LP’s holdings in First Business Financial Services were worth $5,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in FBIZ. Vanguard Group Inc. grew its stake in First Business Financial Services by 61.9% in the 2nd quarter. Vanguard Group Inc. now owns 334,887 shares of the financial services provider’s stock valued at $7,729,000 after purchasing an additional 128,039 shares during the period. Northern Trust Corp grew its stake in First Business Financial Services by 101.5% in the 2nd quarter. Northern Trust Corp now owns 166,871 shares of the financial services provider’s stock valued at $3,851,000 after purchasing an additional 84,058 shares during the period. State Street Corp grew its stake in shares of First Business Financial Services by 13.5% during the 2nd quarter. State Street Corp now owns 150,856 shares of the financial services provider’s stock worth $3,481,000 after acquiring an additional 17,984 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of First Business Financial Services by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 496,849 shares of the financial services provider’s stock worth $11,467,000 after acquiring an additional 10,857 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of First Business Financial Services by 31.2% during the 3rd quarter. Wells Fargo & Company MN now owns 45,395 shares of the financial services provider’s stock worth $1,032,000 after acquiring an additional 10,804 shares during the period. Hedge funds and other institutional investors own 59.00% of the company’s stock.

In other news, insider Daniel Ovokaitys sold 1,077 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $24.18, for a total transaction of $26,041.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Charles H. Batson sold 2,300 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $580,819.70. The disclosure for this sale can be found here. 8.30% of the stock is currently owned by corporate insiders.

First Business Financial Services Inc (NASDAQ:FBIZ) opened at $23.95 on Friday. 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 $212.08, a price-to-earnings ratio of 17.79, a PEG ratio of 1.62 and a beta of 1.01. First Business Financial Services Inc has a 12 month low of $20.57 and a 12 month high of $28.43.

First Business Financial Services (NASDAQ:FBIZ) last posted its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.06. The company had revenue of $18.88 million during the quarter, compared to the consensus estimate of $19.69 million. First Business Financial Services had a return on equity of 7.17% and a net margin of 12.87%. research analysts forecast that First Business Financial Services Inc will post 1.87 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, February 5th will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, February 2nd. This represents a $0.56 annualized dividend and a dividend yield of 2.34%. First Business Financial Services’s payout ratio is 37.96%.

Several research analysts have recently weighed in on FBIZ shares. Zacks Investment Research upgraded First Business Financial Services from a “strong sell” rating to a “hold” rating and set a $25.00 price target for the company in a research note on Monday, January 1st. TheStreet upgraded First Business Financial Services from a “c+” rating to a “b-” rating in a research note on Tuesday, December 5th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of First Business Financial Services in a research note on Wednesday, November 1st. Finally, ValuEngine upgraded First Business Financial Services from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st.

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

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