Carla C. Chavarria buys 755 shares of First Business Financial Services, Inc. (NASDAQ:FBIZ)


Carla C. Chavarria, principal of First Business Financial Services, Inc. (NASDAQ:FBIZ – Get Rating), purchased 755 shares of First Business Financial Services in a trade dated Thursday, April 14. The shares were purchased at an average price of $33.27 per share, with a total value of $25,118.85. Following the purchase, the director now owns 3,966 shares of the company, valued at $131,948.82. The transaction was disclosed in a legal filing with the SEC, which is available via this hyperlink.

FBIZ opened at $34.33 on Friday. The company has a market capitalization of $289.26 million, a P/E ratio of 8.27 and a beta of 0.81. The company has a 50-day moving average of $32.85 and a 200-day moving average of $31.22. The company has a debt ratio of 1.78, a quick ratio of 1.17 and a current ratio of 1.17. First Business Financial Services, Inc. has a fifty-two week minimum of $24.50 and a fifty-two week maximum of $35.27.

First Business Financial Services (NASDAQ:FBIZ – Get Rating) last released its quarterly results on Thursday, April 28. The financial services provider reported earnings per share of $1.02 for the quarter, beating Thomson Reuters consensus estimate of $0.91 by $0.11. First Business Financial Services had a net margin of 28.81% and a return on equity of 16.00%. Equity research analysts predict that First Business Financial Services, Inc. will post earnings per share of 3.68 for the current fiscal year.

FBIZ has been the subject of several recent analyst reports. StockNews.com launched coverage on First Business Financial Services stocks in a research note on Thursday, March 31. They issued a “buy” rating for the company. Zacks Investment Research downgraded shares of First Business Financial Services from a “buy” rating to a “hold” rating in a Tuesday, April 12 research note. Two analysts rated the stock with a hold rating and two gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $33.50.

Institutional investors and hedge funds have recently been buying and selling stocks. Lazard Asset Management LLC bought a new position in First Business Financial Services during the fourth quarter, valued at approximately $26,000. Hillsdale Investment Management Inc. increased its position in First Business Financial Services by 30.0% during the fourth quarter. Hillsdale Investment Management Inc. now owns 2,600 shares of the financial services provider valued at $76,000 after purchasing an additional 600 shares during the period. Russell Investments Group Ltd. increased its position in First Business Financial Services by 105.5% during the fourth quarter. Russell Investments Group Ltd. now owns 3,905 shares of the financial services provider valued at $113,000 after purchasing an additional 2,005 shares during the period. JPMorgan Chase & Co. acquired a new stake in First Business Financial Services during the fourth quarter worth approximately $140,000. Finally, Trexquant Investment LP acquired a new stake in First Business Financial Services during the third quarter at a value of approximately $234,000. Institutional investors hold 58.29% of the company’s shares.

First Business Financial Services Company Profile (Get an assessment)

First Business Financial Services, Inc operates as a banking holding company for First Business Bank which provides commercial banking products and services to 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, term deposits and certificates of deposit, as well as credit cards.

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