First Business Financial Services, Inc. (FBIZ) Stock Rating Upgraded by ValuEngine

First Business Financial Services, Inc. (NASDAQ:FBIZ) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Tuesday.

Several other research analysts also recently weighed in on the company. Zacks Investment Research downgraded First Business Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. TheStreet downgraded First Business Financial Services from a “b” rating to a “c+” rating in a report on Friday, July 28th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $25.00 price target on shares of First Business Financial Services in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. First Business Financial Services currently has a consensus rating of “Hold” and an average price target of $24.50.

First Business Financial Services (NASDAQ:FBIZ) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.14). The business had revenue of $19.22 million during the quarter, compared to analyst estimates of $20.00 million. First Business Financial Services had a net margin of 12.63% and a return on equity of 7.20%.

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In other First Business Financial Services news, insider Charles H. Batson sold 2,300 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $21.25, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jerome J. Smith sold 1,250 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $21.17, for a total value of $26,462.50. The disclosure for this sale can be found here. Insiders own 8.30% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of FBIZ. Bank of New York Mellon Corp raised its holdings in First Business Financial Services by 5.1% in the 1st quarter. Bank of New York Mellon Corp now owns 45,227 shares of the financial services provider’s stock valued at $1,174,000 after acquiring an additional 2,202 shares during the last quarter. American International Group Inc. increased its holdings in shares of First Business Financial Services by 7.2% during the 1st quarter. American International Group Inc. now owns 4,973 shares of the financial services provider’s stock worth $129,000 after buying an additional 333 shares during the last quarter. OppenheimerFunds Inc. acquired a new stake in shares of First Business Financial Services during the 1st quarter worth $281,000. California Public Employees Retirement System increased its holdings in shares of First Business Financial Services by 19.4% during the 1st quarter. California Public Employees Retirement System now owns 27,098 shares of the financial services provider’s stock worth $703,000 after buying an additional 4,400 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of First Business Financial Services by 3.7% during the 1st quarter. Geode Capital Management LLC now owns 59,418 shares of the financial services provider’s stock worth $1,542,000 after buying an additional 2,118 shares during the last quarter. Institutional investors own 60.12% of the company’s stock.

About First Business Financial Services

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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