First Business Financial Services, Inc. (FBIZ) Receives $25.75 Average Target Price from Brokerages

First Business Financial Services, Inc. (FBIZ) Receives $25.75 Average Target Price from Brokerages

Shares of First Business Financial Services, Inc. (NASDAQ:FBIZ) have been given an average recommendation of “Hold” by the five analysts that are currently covering the company. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $25.75.

Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of First Business Financial Services from a “strong sell” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Monday, January 2nd. DA Davidson assumed coverage on shares of First Business Financial Services in a research report on Wednesday, November 23rd. They issued a “neutral” rating and a $24.00 target price for the company. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of First Business Financial Services in a research report on Monday, October 31st.

In other First Business Financial Services news, Director John J. Harris purchased 2,000 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The stock was bought at an average cost of $19.09 per share, with a total value of $38,180.00. Following the transaction, the director now directly owns 8,000 shares in the company, valued at approximately $152,720. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Charles H. Batson sold 2,085 shares of First Business Financial Services stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $23.67, for a total transaction of $49,351.95. Following the transaction, the insider now directly owns 32,011 shares of the company’s stock, valued at $757,700.37. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 3,055 shares of company stock valued at $58,299. 8.30% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Banc Funds Co. LLC boosted its position in shares of First Business Financial Services by 3.8% in the third quarter. Banc Funds Co. LLC now owns 685,728 shares of the financial services provider’s stock valued at $16,115,000 after buying an additional 25,000 shares during the period. The Manufacturers Life Insurance Company purchased a new position in shares of First Business Financial Services during the third quarter valued at about $10,975,000. First Business Financial Services Inc. boosted its position in shares of First Business Financial Services by 1.3% in the third quarter. First Business Financial Services Inc. now owns 395,848 shares of the financial services provider’s stock valued at $9,302,000 after buying an additional 4,901 shares during the period. BlackRock Fund Advisors boosted its position in shares of First Business Financial Services by 8.2% in the third quarter. BlackRock Fund Advisors now owns 233,661 shares of the financial services provider’s stock valued at $5,491,000 after buying an additional 17,646 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of First Business Financial Services by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 190,614 shares of the financial services provider’s stock valued at $4,473,000 after buying an additional 8,441 shares during the period. 57.42% of the stock is owned by institutional investors.

Shares of First Business Financial Services (NASDAQ:FBIZ) opened at 25.33 on Friday. The firm has a 50-day moving average of $23.93 and a 200-day moving average of $22.86. The company has a market capitalization of $220.75 million, a P/E ratio of 14.81 and a beta of 0.84. First Business Financial Services has a 12 month low of $18.76 and a 12 month high of $25.94.

First Business Financial Services (NASDAQ:FBIZ) last posted its earnings results on Thursday, January 26th. The financial services provider reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.07. First Business Financial Services had a net margin of 15.37% and a return on equity of 9.36%. On average, equities analysts predict that First Business Financial Services will post $1.80 earnings per share for the current year.

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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