Keefe, Bruyette & Woods reissued their hold rating on shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) in a research report report published on Tuesday. The firm currently has a $25.00 price target on the financial services provider’s stock.

Several other research firms have also recently commented on FBIZ. Zacks Investment Research cut First Business Financial Services from a hold rating to a sell rating in a research report on Tuesday, August 1st. TheStreet lowered shares of First Business Financial Services from a b rating to a c+ rating in a research note on Friday, July 28th. Five investment analysts have rated the stock with a hold rating, First Business Financial Services currently has an average rating of Hold and an average price target of $26.00.

Shares of First Business Financial Services (NASDAQ FBIZ) traded down 0.48% during mid-day trading on Tuesday, hitting $22.73. The company had a trading volume of 3,181 shares. The firm has a 50-day moving average price of $21.49 and a 200-day moving average price of $23.31. First Business Financial Services has a 52 week low of $18.76 and a 52 week high of $28.43. The firm has a market capitalization of $198.09 million, a PE ratio of 16.62 and a beta of 0.95.

First Business Financial Services (NASDAQ:FBIZ) last announced its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.19). First Business Financial Services had a return on equity of 7.25% and a net margin of 12.64%. The firm had revenue of $20.22 million during the quarter, compared to analysts’ expectations of $19.45 million. Equities analysts forecast that First Business Financial Services will post $1.50 earnings per share for the current year.

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In other First Business Financial Services news, Director Jerome J. Smith sold 1,250 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $21.17, for a total transaction of $26,462.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jerome J. Smith sold 1,475 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $21.40, for a total value of $31,565.00. Following the sale, the director now directly owns 1,250 shares of the company’s stock, valued at approximately $26,750. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,025 shares of company stock worth $106,903. 6.60% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of FBIZ. American International Group Inc. increased its holdings in First Business Financial Services by 7.2% in the 1st quarter. American International Group Inc. now owns 4,973 shares of the financial services provider’s stock worth $129,000 after acquiring an additional 333 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in First Business Financial Services during the second quarter valued at about $201,000. Rhumbline Advisers raised its holdings in First Business Financial Services by 5.3% during the second quarter. Rhumbline Advisers now owns 9,351 shares of the financial services provider’s stock valued at $216,000 after acquiring an additional 470 shares during the period. Bessemer Group Inc. raised its holdings in First Business Financial Services by 2.5% during the second quarter. Bessemer Group Inc. now owns 12,100 shares of the financial services provider’s stock valued at $279,000 after acquiring an additional 300 shares during the period. Finally, OppenheimerFunds Inc. bought a new stake in First Business Financial Services during the first quarter valued at about $281,000. 60.13% of the stock is currently owned by hedge funds and other institutional investors.

About First Business Financial Services

First Business Financial Services, Inc (FBFS) is a bank holding company. The Company engages in the commercial banking business through its bank subsidiaries, which include First Business Bank (FBB), First Business Bank-Milwaukee (FBB-Milwaukee) and Alterra Bank (Alterra) (FBB and FBB-Milwaukee and, together with FBB, the Banks).

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