First Business Financial Services (NASDAQ:FBIZ) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

First Business Financial Services (NASDAQ:FBIZ) had its target price increased by Keefe, Bruyette & Woods from $58.00 to $60.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

A number of other equities research analysts have also issued reports on the stock. StockNews.com lowered shares of First Business Financial Services from a “buy” rating to a “hold” rating in a report on Friday, January 24th. Piper Sandler dropped their target price on shares of 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 analysts have rated the stock with a buy rating, According to data from MarketBeat.com, First Business Financial Services presently has a consensus rating of “Buy” and a consensus price target of $58.75.

First Business Financial Services Trading Up 1.3 %

Shares of First Business Financial Services stock opened at $54.81 on Monday. First Business Financial Services has a fifty-two week low of $32.56 and a fifty-two week high of $54.95. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.09. The company has a market capitalization of $454.92 million, a P/E ratio of 10.50 and a beta of 0.88. The company has a fifty day moving average of $47.57 and a 200 day moving average of $45.66.

First Business Financial Services (NASDAQ:FBIZ) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.16. First Business Financial Services had a return on equity of 14.33% and a net margin of 16.86%. On average, sell-side analysts anticipate that First Business Financial Services will post 5.24 earnings per share for the current fiscal year.

First Business Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.29 dividend. This is an increase from First Business Financial Services’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 2.12%. First Business Financial Services’s payout ratio is presently 19.16%.

Insider Activity

In other news, Director William Kent Lorenz sold 1,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $408,709. The trade was a 10.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 6.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Business Financial Services Inc. lifted its stake in shares of First Business Financial Services by 3.4% in the 3rd quarter. First Business Financial Services Inc. now owns 365,912 shares of the financial services provider’s stock valued at $16,682,000 after purchasing an additional 12,194 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in First Business Financial Services by 307.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 24,468 shares of the financial services provider’s stock valued at $1,115,000 after buying an additional 18,458 shares during the period. De Lisle Partners LLP lifted its position in First Business Financial Services by 43.3% in the third quarter. De Lisle Partners LLP now owns 66,774 shares of the financial services provider’s stock worth $3,040,000 after buying an additional 20,183 shares during the last quarter. Barclays PLC boosted its stake in First Business Financial Services by 43.8% during the third quarter. Barclays PLC now owns 27,909 shares of the financial services provider’s stock worth $1,273,000 after buying an additional 8,497 shares during the period. Finally, Segall Bryant & Hamill LLC bought a new position in First Business Financial Services during the third quarter valued at $1,657,000. Hedge funds and other institutional investors own 60.07% of the company’s stock.

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 in Wisconsin, Kansas, and Missouri.