Uncommon Cents Investing LLC Acquires 5,330 Shares of First Business Financial Services, Inc. (NASDAQ:FBIZ)

Uncommon Cents Investing LLC boosted its holdings in shares of First Business Financial Services, Inc. (NASDAQ:FBIZGet Rating) by 18.3% during the 2nd quarter, Holdings Channel reports. The firm owned 34,525 shares of the financial services provider’s stock after buying an additional 5,330 shares during the period. Uncommon Cents Investing LLC’s holdings in First Business Financial Services were worth $1,077,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. UBS Group AG bought a new stake in First Business Financial Services in the 1st quarter worth approximately $37,000. Citigroup Inc. purchased a new position in shares of First Business Financial Services in the 1st quarter worth approximately $146,000. JPMorgan Chase & Co. raised its holdings in First Business Financial Services by 39.3% during the 1st quarter. JPMorgan Chase & Co. now owns 6,663 shares of the financial services provider’s stock valued at $219,000 after buying an additional 1,880 shares during the period. Jane Street Group LLC bought a new position in First Business Financial Services during the first quarter valued at $335,000. Finally, Royal Bank of Canada lifted its holdings in shares of First Business Financial Services by 24.3% in the 1st quarter. Royal Bank of Canada now owns 14,832 shares of the financial services provider’s stock worth $487,000 after acquiring an additional 2,896 shares during the last quarter. Institutional investors own 66.33% of the company’s stock.

Insider Transactions at First Business Financial Services

In related news, Director Gerald L. Kilcoyne bought 5,000 shares of the company’s stock in a transaction on Thursday, August 4th. The shares were bought at an average price of $32.99 per share, with a total value of $164,950.00. Following the transaction, the director now owns 57,501 shares in the company, valued at $1,896,957.99. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.10% of the company’s stock.

First Business Financial Services Trading Down 2.7 %

Shares of First Business Financial Services stock traded down $0.91 during trading on Friday, hitting $33.05. The stock had a trading volume of 28 shares, compared to its average volume of 20,596. The firm’s fifty day simple moving average is $33.62 and its 200-day simple moving average is $33.18. The stock has a market cap of $280.26 million, a PE ratio of 7.60 and a beta of 0.74. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.28 and a quick ratio of 1.28. First Business Financial Services, Inc. has a 12 month low of $27.50 and a 12 month high of $36.58.

First Business Financial Services (NASDAQ:FBIZGet Rating) last posted its earnings results on Thursday, July 28th. The financial services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.38. The business had revenue of $30.53 million for the quarter, compared to the consensus estimate of $29.15 million. First Business Financial Services had a net margin of 29.50% and a return on equity of 16.22%. As a group, sell-side analysts expect that First Business Financial Services, Inc. will post 4.33 EPS for the current fiscal year.

First Business Financial Services Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 18th. Stockholders of record on Monday, August 8th were given a $0.1975 dividend. This represents a $0.79 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Friday, August 5th. First Business Financial Services’s payout ratio is currently 18.00%.

First Business Financial Services Company Profile

(Get Rating)

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, as well as credit cards.

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Institutional Ownership by Quarter for First Business Financial Services (NASDAQ:FBIZ)

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