Published On: Mon, Sep 12th, 2016

First Business Financial Services Inc. (FBIZ) PT Lowered to $27.00

First Business Financial Services Inc. (NASDAQ:FBIZ) had its target price cut by investment analysts at Keefe, Bruyette & Woods from $28.00 to $27.00 in a note issued to investors on Monday. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 18.42% from the company’s previous close.
FBIZ has been the subject of several other research reports. Zacks Investment Research downgraded First Business Financial Services from a “hold” rating to a “sell” rating in a research report on Friday, April 15th. Sandler O’Neill downgraded First Business Financial Services from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a research report on Monday, August 1st.
Shares of First Business Financial Services (NASDAQ:FBIZ) traded down 1.55% during midday trading on Monday, hitting $22.80. The stock had a trading volume of 11,513 shares. The firm has a market capitalization of $198.43 million, a PE ratio of 11.88 and a beta of 0.52. The firm’s 50-day moving average price is $23.01 and its 200-day moving average price is $23.44. First Business Financial Services has a one year low of $20.06 and a one year high of $27.35.

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First Business Financial Services (NASDAQ:FBIZ) last posted its earnings results on Thursday, July 28th. The financial services provider reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.08. First Business Financial Services had a return on equity of 10.93% and a net margin of 17.59%. On average, equities analysts predict that First Business Financial Services will post $1.93 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th were paid a $0.12 dividend. The ex-dividend date was Tuesday, August 9th. This represents a $0.48 annualized dividend and a dividend yield of 2.11%. First Business Financial Services’s dividend payout ratio (DPR) is currently 25.00%.
Several large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in First Business Financial Services by 2.7% in the first quarter. Geode Capital Management LLC now owns 55,279 shares of the financial services provider’s stock valued at $1,267,000 after buying an additional 1,476 shares during the period. Dimensional Fund Advisors LP boosted its stake in First Business Financial Services by 9.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 165,676 shares of the financial services provider’s stock valued at $4,144,000 after buying an additional 13,992 shares during the period. The Manufacturers Life Insurance Company boosted its stake in First Business Financial Services by 1.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 372,213 shares of the financial services provider’s stock valued at $9,310,000 after buying an additional 6,391 shares during the period. Bank of Montreal Can purchased a new stake in First Business Financial Services during the second quarter valued at approximately $368,000. Finally, State Street Corp boosted its stake in First Business Financial Services by 10.5% in the first quarter. State Street Corp now owns 121,227 shares of the financial services provider’s stock valued at $2,780,000 after buying an additional 11,504 shares during the period. 58.10% of the stock is owned by 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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