Insider Selling: First Business Financial Services, Inc. (NASDAQ:FBIZ) CEO Sells 6,344 Shares of Stock

First Business Financial Services, Inc. (NASDAQ:FBIZ - Get Free Report) CEO James Edward Hartlieb sold 6,344 shares of the firm's stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $43.15, for a total transaction of $273,743.60. Following the completion of the sale, the chief executive officer now directly owns 28,162 shares in the company, valued at $1,215,190.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

First Business Financial Services Trading Up 0.9 %

Shares of First Business Financial Services stock traded up $0.38 on Friday, hitting $43.18. The stock had a trading volume of 17,042 shares, compared to its average volume of 15,482. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 1.16. First Business Financial Services, Inc. has a one year low of $31.39 and a one year high of $47.23. The stock has a market cap of $358.39 million, a price-to-earnings ratio of 9.27 and a beta of 0.82. The stock's 50-day simple moving average is $44.00 and its two-hundred day simple moving average is $39.52.

First Business Financial Services (NASDAQ:FBIZ - Get Free Report) last issued its earnings results on Thursday, October 24th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.04. First Business Financial Services had a net margin of 15.46% and a return on equity of 13.70%. The firm had revenue of $66.39 million for the quarter, compared to analysts' expectations of $38.80 million. During the same quarter last year, the business earned $1.17 earnings per share. As a group, sell-side analysts predict that First Business Financial Services, Inc. will post 4.76 EPS for the current year.

First Business Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Thursday, November 7th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Thursday, November 7th. First Business Financial Services's dividend payout ratio (DPR) is currently 21.46%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FBIZ. DA Davidson upgraded shares of First Business Financial Services from a "neutral" rating to a "buy" rating and increased their price target for the company from $36.00 to $50.00 in a research report on Monday, August 5th. Piper Sandler reduced their price target on shares of First Business Financial Services from $56.00 to $53.00 and set an "overweight" rating on the stock in a research report on Tuesday. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $51.00 price target (up from $48.00) on shares of First Business Financial Services in a research report on Monday, July 29th. Finally, StockNews.com upgraded shares of First Business Financial Services from a "hold" rating to a "buy" rating in a research report on Thursday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $50.00.

Institutional Trading of First Business Financial Services

Large investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC bought a new stake in First Business Financial Services in the first quarter valued at $60,000. SG Americas Securities LLC bought a new stake in First Business Financial Services in the third quarter valued at $125,000. BNP Paribas Financial Markets boosted its holdings in First Business Financial Services by 73.1% in the first quarter. BNP Paribas Financial Markets now owns 3,930 shares of the financial services provider's stock valued at $147,000 after acquiring an additional 1,659 shares in the last quarter. ERn Financial LLC bought a new stake in First Business Financial Services in the third quarter valued at $210,000. Finally, Creative Planning bought a new stake in First Business Financial Services in the third quarter valued at $216,000. Institutional investors own 60.07% of the company's stock.

First Business Financial Services Company Profile

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.