First Business Financial Services, Inc. (NASDAQ:FBIZ) Insider Sells $263,367.40 in Stock

First Business Financial Services, Inc. (NASDAQ:FBIZ) insider Daniel Ovokaitys sold 4,828 shares of the stock in a transaction dated Friday, February 7th. The shares were 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 of the company’s stock, valued at $421,016.90. This trade represents a 38.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

First Business Financial Services Stock Performance

First Business Financial Services stock opened at $54.47 on Tuesday. The stock has a market cap of $452.10 million, a price-to-earnings ratio of 10.43 and a beta of 0.88. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.09 and a quick ratio of 1.08. The firm has a 50 day simple moving average of $47.87 and a 200-day simple moving average of $45.93. First Business Financial Services, Inc. has a 1-year low of $32.56 and a 1-year high of $56.46.

First Business Financial Services (NASDAQ:FBIZ) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.43 earnings per share for the quarter, topping the consensus estimate 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%. On average, analysts expect that First Business Financial Services, Inc. will post 5.38 EPS for the current year.

First Business Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.29 dividend. This is a positive change from First Business Financial Services’s previous quarterly dividend of $0.25. This represents a $1.16 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Friday, February 14th. First Business Financial Services’s payout ratio is 19.16%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FBIZ. First Business Financial Services Inc. raised its stake in shares of First Business Financial Services by 2.8% in the 4th quarter. First Business Financial Services Inc. now owns 376,088 shares of the financial services provider’s stock valued at $17,409,000 after acquiring an additional 10,176 shares during the period. Geode Capital Management LLC increased its holdings in 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 last quarter. State Street Corp increased its holdings in First Business Financial Services by 1.9% in the 3rd quarter. State Street Corp now owns 136,690 shares of the financial services provider’s stock valued at $6,232,000 after purchasing an additional 2,607 shares during the last quarter. De Lisle Partners LLP raised its position in First Business Financial Services by 43.3% in the third quarter. De Lisle Partners LLP now owns 66,774 shares of the financial services provider’s stock valued at $3,040,000 after purchasing an additional 20,183 shares during the period. Finally, Empowered Funds LLC lifted its stake in First Business Financial Services by 5.0% during the fourth quarter. Empowered Funds LLC now owns 45,021 shares of the financial services provider’s stock worth $2,084,000 after purchasing an additional 2,156 shares in the last quarter. Institutional investors and hedge funds own 60.07% of the company’s stock.

Wall Street Analyst Weigh In

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

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.