First Business Financial Services, Inc. (NASDAQ:FBIZ) Holdings Raised by De Lisle Partners LLP

De Lisle Partners LLP boosted its stake in shares of First Business Financial Services, Inc. (NASDAQ:FBIZ - Free Report) by 43.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,774 shares of the financial services provider's stock after purchasing an additional 20,183 shares during the quarter. De Lisle Partners LLP owned approximately 0.80% of First Business Financial Services worth $3,040,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FBIZ. Price T Rowe Associates Inc. MD boosted its stake in First Business Financial Services by 2.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,946 shares of the financial services provider's stock valued at $711,000 after purchasing an additional 524 shares during the period. Lazard Asset Management LLC bought a new stake in shares of First Business Financial Services during the first quarter valued at approximately $60,000. Bank of New York Mellon Corp boosted its position in shares of First Business Financial Services by 5.6% during the second quarter. Bank of New York Mellon Corp now owns 37,891 shares of the financial services provider's stock worth $1,402,000 after buying an additional 1,998 shares during the period. SG Americas Securities LLC bought a new position in First Business Financial Services in the 3rd quarter worth approximately $125,000. Finally, GSA Capital Partners LLP increased its position in First Business Financial Services by 38.3% in the 3rd quarter. GSA Capital Partners LLP now owns 9,900 shares of the financial services provider's stock valued at $451,000 after acquiring an additional 2,740 shares during the period. Institutional investors own 60.07% of the company's stock.

First Business Financial Services Price Performance

Shares of NASDAQ FBIZ traded down $0.42 during midday trading on Thursday, reaching $50.51. The company's stock had a trading volume of 13,404 shares, compared to its average volume of 16,687. First Business Financial Services, Inc. has a one year low of $32.56 and a one year high of $52.22. The company has a market cap of $419.23 million, a price-to-earnings ratio of 10.84 and a beta of 0.83. The company has a 50 day moving average price of $45.92 and a 200 day moving average price of $41.41. The company has a current ratio of 1.09, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16.

First Business Financial Services (NASDAQ:FBIZ - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.04. The company had revenue of $66.39 million for the quarter, compared to analysts' expectations of $38.80 million. First Business Financial Services had a return on equity of 13.70% and a net margin of 15.46%. During the same quarter in the prior year, the company earned $1.17 earnings per share. On average, equities research analysts expect that First Business Financial Services, Inc. will post 4.78 EPS for the current year.

First Business Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Thursday, November 7th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.00 annualized dividend and a yield of 1.98%. First Business Financial Services's payout ratio is presently 21.46%.

Insider Buying and Selling at First Business Financial Services

In other news, Director William Kent Lorenz sold 1,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $49.00, for a total value of $49,000.00. Following the completion of the sale, the director now owns 8,341 shares in the company, valued at $408,709. This represents a 10.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Corey A. Chambas sold 40,000 shares of First Business Financial Services stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $48.81, for a total value of $1,952,400.00. Following the transaction, the chief executive officer now owns 112,750 shares in the company, valued at $5,503,327.50. This represents a 26.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,344 shares of company stock valued at $2,275,144. 6.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. StockNews.com raised First Business Financial Services from a "hold" rating to a "buy" rating in a research note on Thursday, October 31st. Piper Sandler cut their target price on First Business Financial Services from $56.00 to $53.00 and set an "overweight" rating for the company in a research report on Tuesday, October 29th. Finally, DA Davidson upgraded First Business Financial Services from a "neutral" rating to a "buy" rating and lifted their price target for the company from $36.00 to $50.00 in a research report on Monday, August 5th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $50.00.

About First Business Financial Services

First Business Financial Services, Inc operates as the bank holding company for First Business Bank that provides commercial banking products and services for small and medium-sized businesses, business owners, executives, professionals, and high net worth individuals in Wisconsin, Kansas, and Missouri.