Insider Selling: First Business Financial Services, Inc. (NASDAQ:FBIZ) CEO Sells $1,952,400.00 in Stock

First Business Financial Services, Inc. (NASDAQ:FBIZ) CEO Corey A. Chambas sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $48.81, for a total transaction of $1,952,400.00. Following the completion of the sale, the chief executive officer now owns 112,750 shares in the company, valued at $5,503,327.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

First Business Financial Services Price Performance

NASDAQ FBIZ opened at $48.74 on Friday. The business’s fifty day moving average is $44.19 and its 200 day moving average is $39.97. First Business Financial Services, Inc. has a fifty-two week low of $31.90 and a fifty-two week high of $50.22. 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 $404.30 million, a PE ratio of 10.46 and a beta of 0.83.

First Business Financial Services (NASDAQ:FBIZ) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. First Business Financial Services had a return on equity of 13.70% and a net margin of 15.46%. The firm had revenue of $66.39 million for the quarter, compared to analysts’ expectations of $38.80 million. During the same period in the previous year, the firm earned $1.17 EPS. Sell-side analysts predict that First Business Financial Services, Inc. will post 4.78 earnings per share for the current year.

First Business Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Thursday, November 7th will be paid a $0.25 dividend. The ex-dividend date is Thursday, November 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.05%. First Business Financial Services’s dividend payout ratio (DPR) is presently 21.46%.

Institutional Trading of First Business Financial Services

Institutional investors and hedge funds have recently modified their holdings of the company. Lazard Asset Management LLC bought a new position in First Business Financial Services in the 1st quarter worth $60,000. SG Americas Securities LLC bought a new position in shares of First Business Financial Services in the third quarter worth about $125,000. BNP Paribas Financial Markets boosted its stake in shares of First Business Financial Services by 73.1% in the first quarter. BNP Paribas Financial Markets now owns 3,930 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 1,659 shares during the period. ERn Financial LLC purchased a new stake in shares of First Business Financial Services during the third quarter worth about $210,000. Finally, Creative Planning bought a new stake in First Business Financial Services during the 3rd quarter valued at approximately $216,000. 60.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FBIZ has been the topic of a number of research reports. StockNews.com upgraded First Business Financial Services from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $51.00 target price (up from $48.00) on shares of First Business Financial Services in a research report on Monday, July 29th. Piper Sandler reduced their price target 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. Finally, DA Davidson raised shares of First Business Financial Services from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $36.00 to $50.00 in a report on Monday, August 5th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $50.00.

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.