TheStreet upgraded shares of First Business Financial Services (NASDAQ:FBIZ) from a c+ rating to a b- rating in a research note issued to investors on Wednesday, TheStreetRatingsTable reports.

FBIZ has been the topic of a number of other reports. Zacks Investment Research upgraded HB Fuller from a sell rating to a hold rating in a report on Wednesday, July 3rd. ValuEngine cut Zosano Pharma from a buy rating to a hold rating in a report on Wednesday, May 1st. Finally, DA Davidson cut their price target on Carter’s to $91.00 and set an average rating on the stock in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $27.00.

Shares of FBIZ stock opened at $24.37 on Wednesday. The firm has a 50 day moving average of $23.59. First Business Financial Services has a one year low of $18.76 and a one year high of $25.76. The company has a market capitalization of $213.26 million, a PE ratio of 13.10, a PEG ratio of 1.34 and a beta of 0.85. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.13 and a quick ratio of 1.13.

First Business Financial Services (NASDAQ:FBIZ) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.22. The firm had revenue of $22.39 million for the quarter, compared to analysts’ expectations of $21.43 million. First Business Financial Services had a return on equity of 10.35% and a net margin of 16.22%. Sell-side analysts predict that First Business Financial Services will post 2.27 earnings per share for the current year.

In related news, General Counsel Barbara Mccarty Conley sold 5,000 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $23.19, for a total value of $115,950.00. Following the transaction, the general counsel now directly owns 31,161 shares in the company, valued at approximately $722,623.59. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William Kent Lorenz sold 2,000 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $23.10, for a total value of $46,200.00. The disclosure for this sale can be found here. 5.30% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA raised its position in First Business Financial Services by 576.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,738 shares of the financial services provider’s stock valued at $35,000 after buying an additional 1,481 shares during the last quarter. Rhumbline Advisers purchased a new stake in First Business Financial Services in the 4th quarter valued at $221,000. Acadian Asset Management LLC raised its position in First Business Financial Services by 87.3% in the 1st quarter. Acadian Asset Management LLC now owns 12,541 shares of the financial services provider’s stock valued at $251,000 after buying an additional 5,847 shares during the last quarter. Wedge Capital Management L L P NC raised its position in First Business Financial Services by 23.9% in the 1st quarter. Wedge Capital Management L L P NC now owns 17,856 shares of the financial services provider’s stock valued at $357,000 after buying an additional 3,443 shares during the last quarter. Finally, Nicolet Advisory Services LLC purchased a new stake in First Business Financial Services in the 1st quarter valued at $378,000. 62.64% of the stock is owned by institutional investors and hedge funds.

First Business Financial Services Company Profile

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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