First Business Financial Services, Inc. (NASDAQ:FBIZ) CEO Corey A. Chambas Sells 40,000 Shares

First Business Financial Services, Inc. (NASDAQ:FBIZ) CEO Corey A. Chambas sold 40,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $48.81, for a total value of $1,952,400.00. Following the transaction, the chief executive officer now owns 112,750 shares of the company’s stock, valued at approximately $5,503,327.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

First Business Financial Services Stock Performance

NASDAQ FBIZ opened at $48.74 on Friday. The business’s 50 day moving average price is $44.19 and its 200-day moving average price is $39.97. First Business Financial Services, Inc. has a fifty-two week low of $31.90 and a fifty-two week high of $50.22. The company has a market cap of $404.30 million, a P/E ratio of 10.46 and a beta of 0.83. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.09.

First Business Financial Services (NASDAQ:FBIZ) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. The business had revenue of $66.39 million for the quarter, compared to analysts’ expectations of $38.80 million. First Business Financial Services had a net margin of 15.46% and a return on equity of 13.70%. During the same quarter in the previous year, the business posted $1.17 earnings per share. Sell-side analysts predict that First Business Financial Services, Inc. will post 4.78 earnings per share for the current year.

First Business Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Thursday, November 7th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, November 7th. First Business Financial Services’s payout ratio is currently 21.46%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Quadrature Capital Ltd bought a new stake in shares of First Business Financial Services during the 1st quarter worth approximately $247,000. Vanguard Group Inc. lifted its position in shares of First Business Financial Services by 2.1% during the first quarter. Vanguard Group Inc. now owns 361,070 shares of the financial services provider’s stock worth $13,540,000 after purchasing an additional 7,499 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of First Business Financial Services during the first quarter valued at $60,000. Empowered Funds LLC grew its holdings in shares of First Business Financial Services by 7.8% in the first quarter. Empowered Funds LLC now owns 41,101 shares of the financial services provider’s stock worth $1,541,000 after purchasing an additional 2,975 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in First Business Financial Services by 73.1% in the 1st quarter. BNP Paribas Financial Markets now owns 3,930 shares of the financial services provider’s stock worth $147,000 after buying an additional 1,659 shares during the period. Institutional investors own 60.07% of the company’s stock.

Analyst Ratings Changes

FBIZ has been the subject of several research analyst reports. DA Davidson upgraded First Business Financial Services from a “neutral” rating to a “buy” rating and raised their price target for the company from $36.00 to $50.00 in a report on Monday, August 5th. StockNews.com upgraded shares of First Business Financial Services from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Piper Sandler decreased 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 research note on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $51.00 price objective (up from $48.00) on shares of First Business Financial Services in a research note on Monday, July 29th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $50.00.

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.