First Business Financial Services, Inc. (NASDAQ:FBIZ) Insider Sells $48,875.00 in Stock

First Business Financial Services, Inc. (NASDAQ:FBIZ) insider Charles H. Batson sold 2,300 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $21.25, for a total transaction of $48,875.00. Following the completion of the sale, the insider now directly owns 26,907 shares of the company’s stock, valued at $571,773.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

First Business Financial Services, Inc. (FBIZ) remained flat at $21.12 during mid-day trading on Friday. 9,031 shares of the company were exchanged. First Business Financial Services, Inc. has a one year low of $18.76 and a one year high of $28.43. The firm has a 50 day moving average price of $22.22 and a 200-day moving average price of $24.13. The company has a market capitalization of $184.06 million, a price-to-earnings ratio of 15.44 and a beta of 0.95.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 7th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend was Thursday, August 3rd. First Business Financial Services’s dividend payout ratio (DPR) is presently 38.24%.

COPYRIGHT VIOLATION NOTICE: “First Business Financial Services, Inc. (NASDAQ:FBIZ) Insider Sells $48,875.00 in Stock” was originally reported by BNB Daily and is the sole property of of BNB Daily. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.baseball-news-blog.com/2017/08/19/charles-h-batson-sells-2300-shares-of-first-business-financial-services-inc-nasdaqfbiz-stock-updated.html.

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $25.00 price target on shares of First Business Financial Services in a research note on Thursday, August 3rd. TheStreet lowered shares of First Business Financial Services from a “b” rating to a “c+” rating in a research note on Friday, July 28th. Finally, Zacks Investment Research lowered shares of First Business Financial Services from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $26.00.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Context BH Capital Management LP raised its position in shares of 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. raised its position in shares of 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. raised its position in shares of 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 raised its position in shares of 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 raised its position in shares of 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. 58.61% of the stock is currently owned by institutional investors.

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).

Insider Buying and Selling by Quarter for First Business Financial Services (NASDAQ:FBIZ)

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