First Business Financial Services Inc (NASDAQ:FBIZ) COO David R. Seiler bought 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The shares were bought at an average cost of $14.67 per share, for a total transaction of $58,680.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of First Business Financial Services stock opened at $14.76 on Friday. The business’s fifty day simple moving average is $15.54 and its 200 day simple moving average is $18.44. The firm has a market capitalization of $123.33 million, a P/E ratio of 7.16 and a beta of 1.10. First Business Financial Services Inc has a 12 month low of $12.86 and a 12 month high of $27.35. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 2.40.

First Business Financial Services (NASDAQ:FBIZ) last issued its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.08. The business had revenue of $25.21 million for the quarter, compared to analyst estimates of $24.60 million. First Business Financial Services had a return on equity of 8.97% and a net margin of 14.20%. Analysts predict that First Business Financial Services Inc will post 1.85 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, August 3rd will be issued a dividend of $0.165 per share. The ex-dividend date is Friday, July 31st. This represents a $0.66 dividend on an annualized basis and a yield of 4.47%. First Business Financial Services’s dividend payout ratio (DPR) is currently 24.63%.

FBIZ has been the topic of several analyst reports. Raymond James raised First Business Financial Services from a “market perform” rating to an “outperform” rating and set a $19.00 target price on the stock in a research report on Wednesday, June 17th. Zacks Investment Research raised First Business Financial Services from a “sell” rating to a “hold” rating and set a $18.00 target price on the stock in a research report on Monday, June 29th.

A number of institutional investors have recently modified their holdings of the stock. Citigroup Inc. raised its stake in shares of First Business Financial Services by 58.4% in the first quarter. Citigroup Inc. now owns 2,740 shares of the financial services provider’s stock valued at $42,000 after buying an additional 1,010 shares during the period. Beese Fulmer Investment Management Inc. bought a new stake in shares of First Business Financial Services in the second quarter valued at $78,000. Royal Bank of Canada raised its stake in shares of First Business Financial Services by 18.5% in the first quarter. Royal Bank of Canada now owns 6,188 shares of the financial services provider’s stock valued at $96,000 after buying an additional 968 shares during the period. WINTON GROUP Ltd raised its stake in shares of First Business Financial Services by 11.2% in the first quarter. WINTON GROUP Ltd now owns 11,796 shares of the financial services provider’s stock valued at $183,000 after buying an additional 1,192 shares during the period. Finally, Wedge Capital Management L L P NC raised its stake in shares of First Business Financial Services by 14.8% in the second quarter. Wedge Capital Management L L P NC now owns 12,929 shares of the financial services provider’s stock valued at $213,000 after buying an additional 1,665 shares during the period. Institutional investors and hedge funds own 65.18% of the company’s stock.

About First Business Financial Services

First Business Financial Services, Inc operates as the bank holding company for First Business Bank that provides commercial banking products and services for small and medium-sized businesses, business owners, executives, professionals, and high net worth individuals. The company offers deposit products, such as non-interest-bearing transaction accounts, interest-bearing transaction accounts, money market accounts, time deposits, and certificates of deposit.

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