First Business Financial Services, Inc. (NASDAQ:FBIZ) Director Gerald L. Kilcoyne Purchases 5,000 Shares

First Business Financial Services, Inc. (NASDAQ:FBIZGet Rating) Director Gerald L. Kilcoyne acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was purchased at an average cost of $32.99 per share, with a total value of $164,950.00. Following the completion of the purchase, the director now directly owns 57,501 shares in the company, valued at $1,896,957.99. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

First Business Financial Services Stock Performance

NASDAQ FBIZ opened at $33.18 on Friday. First Business Financial Services, Inc. has a 1-year low of $26.57 and a 1-year high of $35.92. The company has a market capitalization of $281.37 million, a P/E ratio of 7.56 and a beta of 0.75. The business has a 50 day moving average price of $32.40 and a 200 day moving average price of $32.85. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.28 and a quick ratio of 1.16.

First Business Financial Services (NASDAQ:FBIZGet Rating) last released its quarterly earnings results on Thursday, July 28th. The financial services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.38. The company had revenue of $30.53 million during the quarter, compared to the consensus estimate of $29.15 million. First Business Financial Services had a return on equity of 16.22% and a net margin of 29.50%. Sell-side analysts expect that First Business Financial Services, Inc. will post 4.16 EPS for the current fiscal year.

First Business Financial Services Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 18th. Shareholders of record on Monday, August 8th will be given a dividend of $0.1975 per share. This represents a $0.79 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Friday, August 5th. First Business Financial Services’s payout ratio is 18.00%.

Institutional Investors Weigh In On First Business Financial Services

A number of hedge funds and other institutional investors have recently made changes to their positions in FBIZ. Russell Investments Group Ltd. grew its position in shares of First Business Financial Services by 105.5% in the fourth quarter. Russell Investments Group Ltd. now owns 3,905 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 2,005 shares during the period. River Oaks Capital LLC purchased a new stake in shares of First Business Financial Services in the fourth quarter valued at $3,525,000. Hillsdale Investment Management Inc. grew its position in shares of First Business Financial Services by 30.0% in the fourth quarter. Hillsdale Investment Management Inc. now owns 2,600 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 600 shares during the period. American Century Companies Inc. grew its position in shares of First Business Financial Services by 35.5% in the fourth quarter. American Century Companies Inc. now owns 24,221 shares of the financial services provider’s stock valued at $707,000 after purchasing an additional 6,341 shares during the period. Finally, Cutler Capital Management LLC boosted its holdings in First Business Financial Services by 3.1% in the fourth quarter. Cutler Capital Management LLC now owns 131,000 shares of the financial services provider’s stock valued at $3,821,000 after acquiring an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 58.27% of the company’s stock.

About First Business Financial Services

(Get Rating)

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, as well as credit cards.

Further Reading

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