Insider Selling: First Business Financial Services (NASDAQ:FBIZ) Insider Sells 675 Shares

First Business Financial Services, Inc. (NASDAQ:FBIZ) insider Jodi Chandler sold 675 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $70.19, for a total value of $47,378.25. Following the completion of the transaction, the insider directly owned 22,550 shares in the company, valued at $1,582,784.50. This trade represents a 2.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

First Business Financial Services Stock Performance

Shares of FBIZ stock traded up $0.03 during trading hours on Friday, reaching $70.85. 62,764 shares of the company traded hands, compared to its average volume of 44,481. The firm has a 50-day moving average price of $66.92 and a 200 day moving average price of $60.06. The company has a market cap of $593.01 million, a P/E ratio of 10.80 and a beta of 0.66. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.06 and a quick ratio of 1.06. First Business Financial Services, Inc. has a 12-month low of $46.07 and a 12-month high of $73.48.

First Business Financial Services (NASDAQ:FBIZ) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.28. First Business Financial Services had a net margin of 19.28% and a return on equity of 14.92%. The firm had revenue of $46.71 million during the quarter, compared to analysts’ expectations of $45.42 million. As a group, sell-side analysts predict that First Business Financial Services, Inc. will post 6.56 earnings per share for the current fiscal year.

First Business Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th were paid a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.9%. First Business Financial Services’s dividend payout ratio is 20.73%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FBIZ. DA Davidson set a $80.00 price target on First Business Financial Services and gave the stock a “buy” rating in a report on Monday, August 3rd. Piper Sandler reiterated an “overweight” rating and set a $84.00 price objective (up from $70.00) on shares of First Business Financial Services in a research report on Monday, August 3rd. Weiss Ratings raised shares of First Business Financial Services from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, June 15th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $74.00 target price (up from $68.00) on shares of First Business Financial Services in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $75.50.

Institutional Trading of First Business Financial Services

Institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. purchased a new position in shares of First Business Financial Services during the third quarter valued at approximately $33,000. Legal & General Group Plc bought a new stake in shares of First Business Financial Services during the second quarter worth $51,000. EverSource Wealth Advisors LLC lifted its position in shares of First Business Financial Services by 32,175.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,291 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 1,287 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of First Business Financial Services by 356.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,890 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 1,476 shares during the period. Finally, Virtus Advisers LLC purchased a new stake in shares of First Business Financial Services during the third quarter valued at $109,000. Institutional investors own 60.07% of the company’s stock.

About First Business Financial Services

First Business Financial Services, Inc (NASDAQ:FBIZ) is a bank holding company headquartered in Madison, Wisconsin, offering a suite of commercial banking and financial services. Through its wholly owned subsidiary, First Business Bank, the company provides relationship-driven lending, deposit and treasury management solutions to small and mid-sized businesses, nonprofit organizations and high-net-worth individuals. Its core products include commercial real estate financing, equipment leasing, SBA-guaranteed lending, and cash management services.

In addition to lending and depository services, First Business Bank delivers investment advisory and wealth management through dedicated trust and private banking teams.