Weekly Research Analysts’ Ratings Changes for First Business Financial Services (FBIZ)

A number of firms have modified their ratings and price targets on shares of First Business Financial Services (NASDAQ: FBIZ) recently:

• 2/4/2025 – First Business Financial Services had its price target raised by analysts at Piper Sandler from $58.00 to $63.00. They now have an “overweight” rating on the stock.
• 2/3/2025 – First Business Financial Services had its price target raised by analysts at Raymond James from $52.00 to $62.00. They now have an “outperform” rating on the stock.
• 2/3/2025 – First Business Financial Services had its price target raised by analysts at Keefe, Bruyette & Woods from $58.00 to $60.00. They now have an “outperform” rating on the stock.
• 2/3/2025 – First Business Financial Services was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 1/24/2025 – First Business Financial Services was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.

First Business Financial Services Stock Down 1.4 %

FBIZ stock opened at $53.43 on Friday. The company has a 50 day moving average price of $48.61 and a two-hundred day moving average price of $46.49. 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 stock has a market capitalization of $443.47 million, a P/E ratio of 10.24 and a beta of 0.88. First Business Financial Services, Inc. has a one year low of $32.56 and a one year high of $56.46.

First Business Financial Services (NASDAQ:FBIZ) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.43 EPS for the quarter, beating 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%. As a group, sell-side analysts expect that First Business Financial Services, Inc. will post 5.43 EPS for the current year.

First Business Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.17%. This is an increase from First Business Financial Services’s previous quarterly dividend of $0.25. First Business Financial Services’s dividend payout ratio is currently 22.22%.

Insider Activity

In related news, insider Daniel Ovokaitys sold 4,828 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $54.55, for a total transaction of $263,367.40. Following the completion of the transaction, the insider now owns 7,718 shares of the company’s stock, valued at approximately $421,016.90. This represents a 38.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On First Business Financial Services

Hedge funds have recently made changes to their positions in the stock. R Squared Ltd acquired a new stake in shares of First Business Financial Services during the 4th quarter worth $49,000. Public Employees Retirement System of Ohio purchased a new stake in First Business Financial Services during the fourth quarter valued at about $81,000. Virtus Investment Advisers Inc. acquired a new stake in First Business Financial Services during the fourth quarter worth about $95,000. BNP Paribas Financial Markets raised its holdings in shares of First Business Financial Services by 28.9% in the 4th quarter. BNP Paribas Financial Markets now owns 2,183 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 490 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of First Business Financial Services in the 3rd quarter valued at about $125,000. Institutional investors and hedge funds own 60.07% of the company’s stock.

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.