DA Davidson cut shares of First Business Financial Services (NASDAQ:FBIZ) from a buy rating to a neutral rating in a report issued on Tuesday morning, BenzingaRatingsTable reports. The analysts noted that the move was a valuation call.

A number of other equities analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of HB Fuller from a sell rating to a hold rating in a research note on Wednesday, July 3rd. ValuEngine downgraded shares of Zosano Pharma from a buy rating to a hold rating in a research note on Wednesday, May 1st. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. First Business Financial Services currently has a consensus rating of Hold and a consensus price target of $27.00.

Shares of FBIZ stock opened at $24.43 on Tuesday. The business has a fifty day moving average of $23.56. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $212.74 million, a PE ratio of 13.13, a P/E/G ratio of 1.34 and a beta of 0.85. First Business Financial Services has a 52 week low of $18.76 and a 52 week high of $25.84.

First Business Financial Services (NASDAQ:FBIZ) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.22. First Business Financial Services had a net margin of 16.22% and a return on equity of 10.35%. The firm had revenue of $22.39 million for the quarter, compared to the consensus estimate of $21.43 million. On average, research analysts forecast that First Business Financial Services will post 2.27 EPS for the current fiscal year.

In related news, General Counsel Barbara Mccarty Conley sold 5,000 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $23.19, for a total transaction of $115,950.00. Following the completion of the sale, the general counsel now owns 31,161 shares of the company’s stock, valued at $722,623.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William Kent Lorenz sold 2,000 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $23.10, for a total transaction of $46,200.00. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Cutler Capital Management LLC grew its holdings in shares of First Business Financial Services by 5.0% in the fourth quarter. Cutler Capital Management LLC now owns 52,500 shares of the financial services provider’s stock valued at $1,024,000 after acquiring an additional 2,500 shares in the last quarter. Rhumbline Advisers bought a new position in shares of First Business Financial Services in the fourth quarter valued at approximately $221,000. Prudential Financial Inc. grew its holdings in shares of First Business Financial Services by 3.8% in the fourth quarter. Prudential Financial Inc. now owns 24,030 shares of the financial services provider’s stock valued at $469,000 after acquiring an additional 890 shares in the last quarter. BlackRock Inc. grew its holdings in shares of First Business Financial Services by 3.5% in the fourth quarter. BlackRock Inc. now owns 456,005 shares of the financial services provider’s stock valued at $8,897,000 after acquiring an additional 15,471 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of First Business Financial Services by 7.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 354,548 shares of the financial services provider’s stock valued at $6,917,000 after acquiring an additional 25,757 shares in the last quarter. 62.64% of the stock is owned by institutional investors.

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. The company offers deposit products, such as non-interest-bearing transaction accounts, interest-bearing transaction accounts, money market accounts, time deposits, and certificates of deposit.

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