First Business Financial Services (NASDAQ:FBIZ – Get Rating) released its quarterly results on Thursday. The financial services provider reported earnings per share (EPS) of $1.02 for the quarter, beating consensus analyst estimates of $0.91 by $0.11, MarketWatch Earnings reports. First Business Financial Services achieved a return on equity of 16.00% and a net margin of 28.81%.
FBIZ opened at $34.67 on Friday. The company has a market capitalization of $292.27 million, a PE ratio of 8.56 and a beta of 0.81. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt ratio of 1.78. The company has a fifty-day simple moving average of $32.88 and a 200-day simple moving average of $31.26. First Business Financial Services has a fifty-two week minimum of $25.50 and a fifty-two week maximum of $35.27.
Several equity research analysts have weighed in on the company recently. StockNews.com picked up coverage from First Business Financial Services in a Thursday, March 31 research note. They set a “buy” rating for the company. On Friday, Zacks Investment Research downgraded First Business Financial Services from a “hold” rating to a “sell” rating. 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, the company currently has an average rating of “Hold” and an average price target of $33.50.
In other news from First Business Financial Services, Director Carla C. Chavarria purchased 755 shares in a trade dated Thursday, April 14. The shares were acquired at an average price of $33.27 per share, for a total transaction of $25,118.85. Following the completion of the acquisition, the director now owns 3,966 shares of the company, valued at approximately $131,948.82. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. Insiders of the company hold 6.10% of the shares of the company.
Several institutional investors and hedge funds have recently changed their holdings in the company. The Manufacturers Life Insurance Company increased its equity stake in First Business Financial Services by 7.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 345,558 shares of the financial services provider valued at $10,080,000 after purchasing an additional 25,190 shares during the period. Alliancebernstein LP increased its equity stake in First Business Financial Services by 2.2% in the fourth quarter. Alliancebernstein LP now owns 132,590 shares of the financial services provider valued at $3,868,000 after purchasing an additional 2,884 shares during the period. BlackRock Inc. increased its stake in shares of First Business Financial Services by 9.1% in the fourth quarter. BlackRock Inc. now owns 121,418 shares of the financial services provider valued at $3,541,000 after purchasing an additional 10,174 shares during the period. Millennium Management LLC increased its equity stake in First Business Financial Services by 8.6% in the fourth quarter. Millennium Management LLC now owns 99,154 shares of the financial services provider valued at $2,892,000 after purchasing an additional 7,821 shares during the period. Finally, Susquehanna International Group LLP increased its stake in shares of First Business Financial Services by 47.9% in the 4th quarter. Susquehanna International Group LLP now owns 23,657 shares of the financial services provider valued at $690,000 after purchasing an additional 7,663 shares during the period. Institutional investors hold 58.29% 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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