First Business Financial Services, Inc. (NASDAQ:FBIZ – Get Rating) saw strong growth in short-term interest 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. Based on an average daily volume of 20,700 shares, the short interest rate is currently 1.1 days. Approximately 0.3% of the company’s shares are sold short.
FBIZ has been the subject of a number of recent research reports. StockNews.com launched coverage on First Business Financial Services stocks in a research note on Thursday, March 31. They set a “buy” rating on the stock. Zacks Investment Research moved shares of First Business Financial Services from a “hold” rating to a “sell” rating in a Friday, April 29 research note. One financial analyst has assigned the stock a sell rating, one has issued a hold rating and two have assigned the company’s stock a buy rating. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $33.50.
NASDAQ:FBIZ shares opened at $33.33 on Friday. The company’s fifty-day moving average price is $33.25 and its 200-day moving average price is $31.66. The company has a market capitalization of $282.31 million, a price-earnings ratio of 8.23 and a beta of 0.71. First Business Financial Services has a one-year minimum of $25.69 and a one-year maximum of $35.44. The company has a debt ratio of 1.78, a current ratio of 1.17 and a quick ratio of 1.16.
First Business Financial Services (NASDAQ:FBIZ – Get Rating) last released its quarterly results on Thursday, April 28. The financial services provider reported EPS of $1.02 for the quarter, beating analyst consensus estimates 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, equity research analysts expect First Business Financial Services to post EPS of 3.78 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 19. Shareholders of record on Monday, May 9 will receive a dividend of $0.1975 per share. The ex-dividend date is Friday, May 6. This represents an annualized dividend of $0.79 and a yield of 2.37%. First Business Financial Services’ payout ratio is currently 19.51%.
Separately, director Carla C. Chavarria acquired 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 completion of the transaction, the administrator now owns 3,966 shares of the company, valued at approximately $131,948.82. The purchase was disclosed in a document filed with the SEC, accessible via this hyperlink. Insiders hold 6.10% of the shares of the company.
A number of institutional investors and hedge funds have recently changed their positions in FBIZ. Lazard Asset Management LLC purchased a new stake in shares of First Business Financial Services in Q4 for a value of approximately $26,000. Hillsdale Investment Management Inc. increased its position in shares of First Business Financial Services by 30.0% in the fourth quarter. Hillsdale Investment Management Inc. now owns 2,600 shares of the financial services provider worth $76,000 after purchasing an additional 600 shares during the period. Russell Investments Group Ltd. increased its position in First Business Financial Services shares by 105.5% in the fourth quarter. Russell Investments Group Ltd. now owns 3,905 shares of the financial services provider worth $113,000 after purchasing an additional 2,005 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of First Business Financial Services in Q4 for a value of approximately $140,000. Finally, Citigroup Inc. purchased a new stake in shares of First Business Financial Services in Q1 worth approximately $146,000. 58.27% of the shares are held by institutional investors and hedge funds.
First Business Financial Services Company Profile (Get an evaluation)
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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