American Century Companies Inc. Purchases 33,957 Shares of First Business Financial Services, Inc. (NASDAQ:FBIZ)

American Century Companies Inc. boosted its holdings in shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) by 43.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,980 shares of the financial services provider’s stock after buying an additional 33,957 shares during the period. American Century Companies Inc.’s holdings in First Business Financial Services were worth $5,184,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of FBIZ. JPMorgan Chase & Co. boosted its position in shares of First Business Financial Services by 307.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 24,468 shares of the financial services provider’s stock valued at $1,115,000 after acquiring an additional 18,458 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in First Business Financial Services by 136.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,398 shares of the financial services provider’s stock worth $759,000 after purchasing an additional 9,474 shares during the period. Barclays PLC boosted its holdings in First Business Financial Services by 43.8% during the third quarter. Barclays PLC now owns 27,909 shares of the financial services provider’s stock valued at $1,273,000 after purchasing an additional 8,497 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of First Business Financial Services by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 173,404 shares of the financial services provider’s stock valued at $7,907,000 after purchasing an additional 2,200 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of First Business Financial Services by 24.8% in the 4th quarter. SG Americas Securities LLC now owns 3,412 shares of the financial services provider’s stock valued at $158,000 after purchasing an additional 679 shares during the period. Institutional investors own 60.07% of the company’s stock.

Analysts Set New Price Targets

FBIZ has been the topic of several recent analyst reports. Raymond James boosted their price target on First Business Financial Services from $52.00 to $62.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price objective on First Business Financial Services from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Piper Sandler upped their target price on shares of First Business Financial Services from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Finally, StockNews.com upgraded shares of First Business Financial Services from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $58.75.

Insider Transactions at First Business Financial Services

In other news, insider Daniel Ovokaitys sold 4,828 shares of the business’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $54.55, for a total transaction of $263,367.40. Following the completion of the sale, the insider now owns 7,718 shares in the company, valued at $421,016.90. The trade was a 38.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.10% of the stock is owned by company insiders.

First Business Financial Services Trading Down 0.4 %

FBIZ stock opened at $44.47 on Friday. The business has a fifty day moving average price of $50.37 and a 200 day moving average price of $47.77. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.09 and a quick ratio of 1.08. First Business Financial Services, Inc. has a fifty-two week low of $32.56 and a fifty-two week high of $56.46. The stock has a market capitalization of $369.15 million, a price-to-earnings ratio of 8.52 and a beta of 0.88.

First Business Financial Services (NASDAQ:FBIZ) last announced its earnings results on Thursday, January 30th. The financial services provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.16. First Business Financial Services had a return on equity of 14.33% and a net margin of 16.86%. Analysts expect that First Business Financial Services, Inc. will post 5.43 EPS for the current fiscal year.

First Business Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.61%. This is a positive change from First Business Financial Services’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 14th. First Business Financial Services’s dividend payout ratio is presently 22.22%.

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.