First Business Financial Services, Inc. (NASDAQ:FBIZ) Short Interest Update

First Business Financial Services, Inc. (NASDAQ:FBIZ) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 130,900 shares, an increase of 28.0% from the March 31st total of 102,300 shares. Based on an average daily volume of 22,700 shares, the short-interest ratio is presently 5.8 days. Currently, 1.6% of the company’s shares are short sold.

FBIZ stock traded up $0.56 during trading on Tuesday, reaching $27.80. 36,506 shares of the company traded hands, compared to its average volume of 22,468. First Business Financial Services has a 12 month low of $13.43 and a 12 month high of $27.94. The business has a 50 day simple moving average of $25.27 and a 200 day simple moving average of $21.25. The company has a market capitalization of $240.19 million, a price-to-earnings ratio of 14.18 and a beta of 1.07. The company has a debt-to-equity ratio of 2.46, a quick ratio of 1.21 and a current ratio of 1.21.

First Business Financial Services (NASDAQ:FBIZ) last issued its quarterly earnings data on Wednesday, April 28th. The financial services provider reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.36. First Business Financial Services had a return on equity of 8.46% and a net margin of 13.73%. As a group, research analysts forecast that First Business Financial Services will post 1.83 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 24th. Investors of record on Monday, May 10th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Friday, May 7th. First Business Financial Services’s payout ratio is currently 26.87%.

Hedge funds have recently modified their holdings of the stock. First Business Financial Services Inc. boosted its position in First Business Financial Services by 0.6% during the fourth quarter. First Business Financial Services Inc. now owns 344,618 shares of the financial services provider’s stock valued at $6,344,000 after purchasing an additional 2,213 shares in the last quarter. Brandywine Global Investment Management LLC boosted its holdings in First Business Financial Services by 42.8% in the fourth quarter. Brandywine Global Investment Management LLC now owns 81,916 shares of the financial services provider’s stock worth $1,508,000 after acquiring an additional 24,545 shares in the last quarter. BlackRock Inc. boosted its holdings in First Business Financial Services by 6.5% in the fourth quarter. BlackRock Inc. now owns 478,350 shares of the financial services provider’s stock worth $8,806,000 after acquiring an additional 29,239 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in First Business Financial Services by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 438,980 shares of the financial services provider’s stock worth $8,082,000 after acquiring an additional 3,319 shares in the last quarter. Finally, Barclays PLC boosted its holdings in First Business Financial Services by 78.6% in the fourth quarter. Barclays PLC now owns 20,127 shares of the financial services provider’s stock worth $370,000 after acquiring an additional 8,857 shares in the last quarter. 63.09% of the stock is currently owned by institutional investors.

Several brokerages have recently commented on FBIZ. Zacks Investment Research upgraded First Business Financial Services from a “sell” rating to a “hold” rating in a research note on Tuesday, February 2nd. Keefe, Bruyette & Woods upgraded First Business Financial Services from a “market perform” rating to an “outperform” rating and raised their price target for the company from $23.00 to $26.00 in a research note on Sunday, January 31st. Raymond James raised their price target on First Business Financial Services from $21.00 to $24.00 and gave the company an “outperform” rating in a research note on Monday, February 1st. Finally, Janney Montgomery Scott upgraded First Business Financial Services from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Wednesday, February 3rd.

About First Business Financial Services

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. The company offers deposit products, such as non-interest-bearing transaction accounts, interest-bearing transaction accounts, money market accounts, time deposits, and certificates of deposit, as well as credit cards.

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