SG Americas Securities LLC Grows Position in First Business Financial Services, Inc. (NASDAQ:FBIZ)

SG Americas Securities LLC lifted its holdings in First Business Financial Services, Inc. (NASDAQ:FBIZ) by 24.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,412 shares of the financial services provider’s stock after buying an additional 679 shares during the period. SG Americas Securities LLC’s holdings in First Business Financial Services were worth $158,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Squarepoint Ops LLC purchased a new position in First Business Financial Services in the 2nd quarter worth approximately $204,000. ERn Financial LLC acquired a new stake in shares of First Business Financial Services in the third quarter valued at approximately $210,000. Creative Planning purchased a new position in First Business Financial Services during the third quarter worth approximately $216,000. Beese Fulmer Investment Management Inc. acquired a new position in First Business Financial Services during the third quarter worth $217,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in First Business Financial Services in the 3rd quarter valued at $316,000. 60.07% of the stock is currently owned by institutional investors and hedge funds.

First Business Financial Services Trading Down 2.2 %

Shares of FBIZ stock opened at $55.10 on Monday. The company has a 50-day moving average of $47.87 and a two-hundred day moving average of $45.91. The firm has a market cap of $457.33 million, a PE ratio of 10.56 and a beta of 0.88. First Business Financial Services, Inc. has a 1-year low of $32.56 and a 1-year high of $56.46. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.09 and a quick ratio of 1.08.

First Business Financial Services (NASDAQ:FBIZ) last released its earnings results on Thursday, January 30th. The financial services provider reported $1.43 earnings per share for the quarter, beating the consensus estimate 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%. On average, analysts predict that First Business Financial Services, Inc. will post 5.38 EPS for the current year.

First Business Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.11%. This is a positive change from First Business Financial Services’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 14th. First Business Financial Services’s dividend payout ratio (DPR) is presently 19.16%.

Analyst Ratings Changes

Several research analysts have recently weighed in on FBIZ shares. Raymond James boosted their price target on shares of First Business Financial Services from $52.00 to $62.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. StockNews.com upgraded shares of First Business Financial Services from a “hold” rating to a “buy” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price target on shares of First Business Financial Services from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Finally, Piper Sandler upped their price objective on First Business Financial Services from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $58.75.

Insiders Place Their Bets

In other news, Director William Kent Lorenz sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $49.00, for a total value of $49,000.00. Following the completion of the transaction, the director now owns 8,341 shares in the company, valued at approximately $408,709. This represents a 10.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 6.30% of the stock is owned by company insiders.

First Business Financial Services Profile

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.