First Business Financial Services, Inc. (NASDAQ:FBIZ) Director William Kent Lorenz Sells 1,000 Shares

First Business Financial Services, Inc. (NASDAQ:FBIZ) Director William Kent Lorenz sold 1,000 shares of First Business Financial Services stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $49.00, for a total value of $49,000.00. Following the completion of the transaction, the director now owns 8,341 shares in the company, valued at approximately $408,709. The trade was a 10.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

First Business Financial Services Stock Performance

NASDAQ:FBIZ traded up $0.04 on Friday, hitting $50.29. The stock had a trading volume of 4,101 shares, compared to its average volume of 16,426. First Business Financial Services, Inc. has a 52-week low of $32.56 and a 52-week high of $51.92. The business’s 50-day simple moving average is $45.40 and its two-hundred day simple moving average is $40.93. The stock has a market cap of $417.16 million, a price-to-earnings ratio of 10.78 and a beta of 0.83. The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 1.16.

First Business Financial Services (NASDAQ:FBIZ) last posted its earnings results on Thursday, October 24th. The financial services provider reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. First Business Financial Services had a return on equity of 13.70% and a net margin of 15.46%. The firm had revenue of $66.39 million during the quarter, compared to the consensus estimate of $38.80 million. During the same period in the prior year, the company earned $1.17 EPS. As a group, research analysts predict that First Business Financial Services, Inc. will post 4.78 earnings per share for the current year.

First Business Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Thursday, November 7th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend was Thursday, November 7th. First Business Financial Services’s payout ratio is 21.46%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $51.00 price target (up previously from $48.00) on shares of First Business Financial Services in a report on Monday, July 29th. DA Davidson upgraded First Business Financial Services from a “neutral” rating to a “buy” rating and lifted their price target for the company from $36.00 to $50.00 in a research note on Monday, August 5th. Piper Sandler lowered their price target on shares of First Business Financial Services from $56.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Finally, StockNews.com raised First Business Financial Services from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $50.00.

Institutional Investors Weigh In On First Business Financial Services

A number of large investors have recently modified their holdings of the business. First Business Financial Services Inc. increased its stake in shares of First Business Financial Services by 3.4% during the third quarter. First Business Financial Services Inc. now owns 365,912 shares of the financial services provider’s stock worth $16,682,000 after purchasing an additional 12,194 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of First Business Financial Services in the 1st quarter valued at $247,000. Lazard Asset Management LLC purchased a new position in First Business Financial Services during the first quarter worth about $60,000. Vanguard Group Inc. grew its holdings in shares of First Business Financial Services by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 361,070 shares of the financial services provider’s stock worth $13,540,000 after acquiring an additional 7,499 shares during the period. Finally, BNP Paribas Financial Markets raised its position in First Business Financial Services by 73.1% during the first quarter. BNP Paribas Financial Markets now owns 3,930 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 1,659 shares during the last quarter. Hedge funds and other institutional investors own 60.07% of the company’s stock.

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.