SG Americas Securities LLC Purchases Shares of 2,733 First Business Financial Services, Inc. (NASDAQ:FBIZ)

SG Americas Securities LLC purchased a new stake in shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,733 shares of the financial services provider’s stock, valued at approximately $125,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Squarepoint Ops LLC bought a new position in First Business Financial Services during the 2nd quarter valued at approximately $204,000. Dimensional Fund Advisors LP grew its holdings in shares of First Business Financial Services by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 537,808 shares of the financial services provider’s stock worth $19,893,000 after acquiring an additional 7,871 shares during the period. First Business Financial Services Inc. grew its holdings in shares of First Business Financial Services by 1.2% during the 2nd quarter. First Business Financial Services Inc. now owns 353,718 shares of the financial services provider’s stock worth $13,084,000 after acquiring an additional 4,196 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of First Business Financial Services by 5.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 37,891 shares of the financial services provider’s stock worth $1,402,000 after acquiring an additional 1,998 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of First Business Financial Services by 2.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,946 shares of the financial services provider’s stock worth $711,000 after acquiring an additional 524 shares during the period. Institutional investors own 60.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. DA Davidson upgraded First Business Financial Services from a “neutral” rating to a “buy” rating and upped their target price for the stock from $36.00 to $50.00 in a report on Monday, August 5th. StockNews.com downgraded First Business Financial Services from a “buy” rating to a “hold” rating in a report on Wednesday. Piper Sandler upped their target price on First Business Financial Services from $44.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $51.00 price target (up previously from $48.00) on shares of First Business Financial Services in a research note on Monday, July 29th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, First Business Financial Services currently has an average rating of “Moderate Buy” and a consensus price target of $50.75.

First Business Financial Services Stock Performance

First Business Financial Services stock opened at $42.89 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $355.56 million, a P/E ratio of 9.34 and a beta of 0.82. The stock’s 50 day moving average is $43.92 and its 200 day moving average is $39.18. First Business Financial Services, Inc. has a twelve month low of $29.33 and a twelve month high of $47.23.

First Business Financial Services (NASDAQ:FBIZ) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.04. The company had revenue of $66.39 million for the quarter, compared to the consensus estimate of $38.80 million. First Business Financial Services had a return on equity of 13.87% and a net margin of 15.66%. During the same quarter in the prior year, the business posted $1.17 EPS. On average, equities research analysts predict that First Business Financial Services, Inc. will post 4.7 earnings per share for the current fiscal year.

First Business Financial Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Thursday, August 8th were given a $0.25 dividend. The ex-dividend date was Thursday, August 8th. This represents a $1.00 annualized dividend and a yield of 2.33%. First Business Financial Services’s dividend payout ratio (DPR) is presently 21.79%.

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 in Wisconsin, Kansas, and Missouri.