TheStreet Lowers First Business Financial Services, Inc. (NASDAQ:FBIZ) to C+

First Business Financial Services, Inc. (NASDAQ:FBIZ) was downgraded by equities researchers at TheStreet from a “b” rating to a “c+” rating in a research note issued to investors on Friday, July 28th.

A number of other brokerages also recently issued reports on FBIZ. Zacks Investment Research upgraded shares of First Business Financial Services from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Monday, April 3rd. Keefe, Bruyette & Woods downgraded shares of First Business Financial Services from an “outperform” rating to a “mkt perform” rating in a report on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. First Business Financial Services has a consensus rating of “Hold” and a consensus target price of $26.00.

First Business Financial Services (NASDAQ:FBIZ) opened at 21.12 on Friday. First Business Financial Services has a 12-month low of $18.76 and a 12-month high of $28.43. The firm has a 50-day moving average of $22.22 and a 200-day moving average of $24.13. The stock has a market cap of $184.06 million, a PE ratio of 15.44 and a beta of 0.95.

First Business Financial Services (NASDAQ:FBIZ) last announced its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.19. The company had revenue of $20.22 million during the quarter, compared to analysts’ expectations of $19.45 million. First Business Financial Services had a net margin of 12.64% and a return on equity of 7.25%. Equities analysts predict that First Business Financial Services will post $1.50 earnings per share for the current fiscal year.

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In other First Business Financial Services news, insider Charles H. Batson sold 2,300 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $21.25, for a total transaction of $48,875.00. Following the completion of the transaction, the insider now directly owns 26,907 shares in the company, valued at approximately $571,773.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jerome J. Smith sold 1,475 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $21.40, for a total transaction of $31,565.00. Following the transaction, the director now owns 1,250 shares of the company’s stock, valued at $26,750. The disclosure for this sale can be found here. Company insiders own 8.30% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Context BH Capital Management LP increased its position in First Business Financial Services by 0.7% in the first quarter. Context BH Capital Management LP now owns 26,832 shares of the financial services provider’s stock valued at $697,000 after buying an additional 184 shares during the period. Bessemer Group Inc. increased its position in First Business Financial Services by 2.5% in the second quarter. Bessemer Group Inc. now owns 12,100 shares of the financial services provider’s stock valued at $279,000 after buying an additional 300 shares during the period. American International Group Inc. increased its position in First Business Financial Services by 7.2% in the first quarter. American International Group Inc. now owns 4,973 shares of the financial services provider’s stock valued at $129,000 after buying an additional 333 shares during the period. Rhumbline Advisers increased its position in First Business Financial Services by 5.3% in the second quarter. Rhumbline Advisers now owns 9,351 shares of the financial services provider’s stock valued at $216,000 after buying an additional 470 shares during the period. Finally, LSV Asset Management increased its position in First Business Financial Services by 0.5% in the first quarter. LSV Asset Management now owns 169,125 shares of the financial services provider’s stock valued at $4,390,000 after buying an additional 800 shares during the period. Hedge funds and other institutional investors own 58.61% of the company’s stock.

First Business Financial Services Company Profile

First Business Financial Services, Inc (FBFS) is a bank holding company. The Company engages in the commercial banking business through its bank subsidiaries, which include First Business Bank (FBB), First Business Bank-Milwaukee (FBB-Milwaukee) and Alterra Bank (Alterra) (FBB and FBB-Milwaukee and, together with FBB, the Banks).

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