First Business Financial Services, Inc. (NASDAQ:FBIZ) Brief Interest Update


First Business Financial Services, Inc. (NASDAQ:FBIZ – Get Rating) was the target of significant short-term interest growth in April. As of April 30, there were short interests totaling 23,100 shares, a growth of 51.0% from the total of 15,300 shares as of April 15. About 0.3% of the stock’s shares are sold short. Based on an average daily volume of 20,700 shares, the day-to-cover ratio is currently 1.1 days.

Shares of FBIZ opened at $33.33 on Friday. The company’s fifty-day moving average is $33.25 and its 200-day moving average is $31.66. First Business Financial Services has a fifty-two week minimum of $25.69 and a fifty-two week maximum of $35.44. The stock has a market capitalization of $282.31 million, a PE ratio of 8.23 ​​and a beta of 0.71. The company has a debt ratio of 1.78, a quick ratio of 1.16 and a current ratio of 1.17.

First Business Financial Services (NASDAQ:FBIZ – Get Rating) last announced its quarterly results on Thursday, April 28. The financial services provider reported earnings per share of $1.02 for the quarter, beating the consensus estimate of $0.91 by $0.11. First Business Financial Services posted a net margin of 27.82% and a return on equity of 15.21%. As a group, research analysts expect First Business Financial Services to post earnings per share of 3.78 for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 19. Investors of record on Monday, May 9 will receive a dividend of $0.1975. This represents an annualized dividend of $0.79 and a yield of 2.37%. The ex-dividend date is Friday, May 6. First Business Financial Services’ dividend payout ratio is currently 19.51%.

Several research companies have recently published reports on FBIZ. Zacks Investment Research upgraded shares of First Business Financial Services from a “hold” rating to a “sell” rating in a Friday, April 29 research report. StockNews.com began covering First Business Financial Services stocks in a research report on Thursday, March 31. They set a “buy” rating on the stock. An equity research analyst rated the stock with a sell rating, one gave the stock a hold rating, and two gave the stock a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $33.50.

Separately, director Carla C. Chavarria purchased 755 shares in a trade on Thursday, April 14. The shares were acquired at an average price of $33.27 per share, with a total value of $25,118.85. Following the completion of the acquisition, the director now directly owns 3,966 shares of the company, valued at $131,948.82. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.10% of the shares are held by insiders.

A number of institutional investors and hedge funds have recently changed their positions in FBIZ. Morgan Stanley increased its position in First Business Financial Services by 106.7% in the second quarter. Morgan Stanley now owns 12,465 shares of the financial services provider worth $338,000 after buying an additional 6,435 shares in the last quarter. Citadel Advisors LLC bought a new position in First Business Financial Services during the second quarter at a value of $263,000. BlackRock Inc. increased its position in First Business Financial Services by 27.2% during the third quarter. BlackRock Inc. now owns 111,244 shares of the financial services provider valued at $3,194,000 after acquiring 23,773 additional shares in the last quarter. Barclays PLC increased its position in First Business Financial Services by 4.0% during the third quarter. Barclays PLC now owns 21,686 shares of the financial services provider valued at $623,000 after acquiring a further 844 shares in the last quarter. Finally, Alliancebernstein LP increased its position in First Business Financial Services by 20.5% during the third quarter. Alliancebernstein LP now owns 129,706 shares of the financial services provider valued at $3,724,000 after acquiring an additional 22,098 shares in the last quarter. Institutional investors hold 58.27% of the company’s shares.

First Business Financial Services Company Profile (Get a rating)

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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