Barclays PLC Purchases 8,497 Shares of First Business Financial Services, Inc. (NASDAQ:FBIZ)

Barclays PLC lifted its holdings in shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) by 43.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,909 shares of the financial services provider’s stock after purchasing an additional 8,497 shares during the quarter. Barclays PLC’s holdings in First Business Financial Services were worth $1,273,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new stake in First Business Financial Services during the 3rd quarter worth approximately $125,000. Squarepoint Ops LLC bought a new stake in shares of First Business Financial Services during the second quarter worth $204,000. ERn Financial LLC acquired a new stake in shares of First Business Financial Services during the third quarter worth $210,000. Creative Planning bought a new stake in First Business Financial Services in the 3rd quarter valued at $216,000. Finally, Beese Fulmer Investment Management Inc. acquired a new position in First Business Financial Services in the 3rd quarter worth $217,000. Institutional investors own 60.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on FBIZ. Keefe, Bruyette & Woods lifted their price target on First Business Financial Services from $53.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. StockNews.com raised First Business Financial Services from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Piper Sandler reduced their price target 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. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $51.75.

Insiders Place Their Bets

In related news, CEO James Edward Hartlieb sold 6,344 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $43.15, for a total value of $273,743.60. Following the sale, the chief executive officer now owns 28,162 shares in the company, valued at approximately $1,215,190.30. This represents a 18.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Kent Lorenz sold 1,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $49.00, for a total value of $49,000.00. Following the sale, the director now directly owns 8,341 shares of the company’s stock, valued at $408,709. This represents a 10.71 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,344 shares of company stock valued at $2,275,144. 6.30% of the stock is currently owned by corporate insiders.

First Business Financial Services Trading Up 2.0 %

First Business Financial Services stock opened at $43.62 on Tuesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.09 and a quick ratio of 1.08. The firm has a 50-day moving average of $48.07 and a 200-day moving average of $44.49. The company has a market cap of $361.83 million, a price-to-earnings ratio of 9.36 and a beta of 0.87. First Business Financial Services, Inc. has a one year low of $32.56 and a one year high of $52.22.

First Business Financial Services (NASDAQ:FBIZ) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.24 EPS for the quarter, beating the consensus estimate of $1.20 by $0.04. The firm had revenue of $66.39 million during 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 period in the prior year, the firm posted $1.17 earnings per share. On average, equities analysts expect that First Business Financial Services, Inc. will post 4.78 earnings per share for the current fiscal year.

First Business Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors 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 dividend on an annualized basis and a yield of 2.29%. First Business Financial Services’s payout ratio is 21.46%.

First Business Financial Services 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.