First Business Financial Services (NASDAQ:FBIZ – Get Rating) released its quarterly results on Thursday. 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, 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. First Business Financial Services has a one-year minimum of $25.50 and a one-year maximum of $35.27. The company has a market capitalization of $292.27 million, a P/E ratio of 8.56 and a beta of 0.81. The company has a debt ratio of 1.78, a quick ratio of 1.17 and a current ratio of 1.17. The company’s 50-day simple moving average is $32.88 and its 200-day simple moving average is $31.26.
A number of research analysts have recently commented on FBIZ shares. StockNews.com began covering First Business Financial Services in a report on Thursday, March 31. They issued a “buy” rating on the stock. Zacks Investment Research downgraded First Business Financial Services‘ rating from a “hold” rating to a “sell” rating in a report released Friday. One financial analyst has assigned the stock a sell rating, another a hold rating and two a buy rating to the company’s stock. Based on data from MarketBeat.com, First Business Financial Services currently has an average rating of “Hold” and an average price target of $33.50.
Separately, director Carla C. Chavarria purchased 755 shares of the company in a transaction that took place on Thursday, April 14. The shares were purchased at an average price of $33.27 per share, for a total transaction of $25,118.85. Following the purchase, the director now directly owns 3,966 shares of the company, valued at approximately $131,948.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Company insiders own 6.10% of the company’s shares.
A number of large investors have recently increased or reduced their holdings in FBIZ. Morgan Stanley increased its stake in First Business Financial Services by 106.7% during 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 acquired a new stake in First Business Financial Services during Q2 for a value of approximately $263,000. JPMorgan Chase & Co. acquired a new stake in First Business Financial Services during the 4th quarter for a value of approximately $140,000. Alliancebernstein LP increased its position in First Business Financial Services by 2.2% during the fourth quarter. Alliancebernstein LP now owns 132,590 shares of the financial services provider worth $3,868,000 after acquiring an additional 2,884 shares during the period. Finally, Millennium Management LLC strengthened its position in First Business Financial Services by 8.6% in the 4th quarter. Millennium Management LLC now owns 99,154 shares of the financial services provider worth $2,892,000 after acquiring an additional 7,821 shares during the period. Hedge funds and other institutional investors own 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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