Trade Report: Today, Brokerages Set First Business Financial Services Inc. (FBIZ) Target Price at $25.33

Today, Brokerages Set First Business Financial Services Inc. (FBIZ) Target Price at $25.33

First Business Financial Services Inc. (NASDAQ:FBIZ) has been assigned a consensus rating of “Hold” from the five ratings firms that are covering the firm. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $25.33.

FBIZ has been the topic of several recent analyst reports. Sandler O’Neill lowered First Business Financial Services from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a research note on Monday, August 1st. Zacks Investment Research upgraded First Business Financial Services from a “sell” rating to a “hold” rating in a research note on Monday, October 3rd. Raymond James Financial Inc. reiterated a “market perform” rating on shares of First Business Financial Services in a research note on Monday, October 31st. Keefe, Bruyette & Woods decreased their price target on First Business Financial Services from $28.00 to $27.00 and set an “outperform” rating on the stock in a research note on Monday, August 1st. Finally, DA Davidson initiated coverage on First Business Financial Services in a research note on Wednesday. They issued a “neutral” rating and a $24.00 price target on the stock.

First Business Financial Services (NASDAQ:FBIZ) opened at 21.94 on Wednesday. First Business Financial Services has a 1-year low of $18.76 and a 1-year high of $27.35. The firm has a 50-day moving average price of $21.42 and a 200 day moving average price of $22.96. The firm has a market cap of $191.01 million, a price-to-earnings ratio of 12.84 and a beta of 0.76.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 21st. Investors of record on Thursday, November 10th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, November 8th. This represents a $0.48 dividend on an annualized basis and a yield of 2.19%. First Business Financial Services’s dividend payout ratio is currently 28.07%.

In other news, Director John J. Harris acquired 2,000 shares of First Business Financial Services stock in a transaction that occurred on Wednesday, November 2nd. The shares were acquired at an average price of $19.09 per share, for a total transaction of $38,180.00. Following the transaction, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $152,720. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 8.30% of the company’s stock.

A number of large investors have recently modified their holdings of FBIZ. Delphi Management Inc. MA raised its stake in shares of First Business Financial Services by 1.1% in the third quarter. Delphi Management Inc. MA now owns 20,283 shares of the financial services provider’s stock worth $477,000 after buying an additional 225 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its stake in shares of First Business Financial Services by 57.6% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 19,424 shares of the financial services provider’s stock worth $456,000 after buying an additional 7,100 shares in the last quarter. Banc Funds Co. LLC raised its stake in shares of First Business Financial Services by 3.8% in the third quarter. Banc Funds Co. LLC now owns 685,728 shares of the financial services provider’s stock worth $16,115,000 after buying an additional 25,000 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of First Business Financial Services during the third quarter worth $10,975,000. Finally, Eagle Global Advisors LLC purchased a new stake in shares of First Business Financial Services during the third quarter worth $218,000. Institutional investors and hedge funds own 57.50% of the company’s stock.

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