Poehling Capital Management INC. cut its holdings in First Business Financial Services, Inc. (NASDAQ:FBIZ – Free Report) by 51.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,615 shares of the financial services provider’s stock after selling 26,712 shares during the period. Poehling Capital Management INC. owned 0.31% of First Business Financial Services worth $1,381,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Royal Bank of Canada grew its position in shares of First Business Financial Services by 3.3% during the 1st quarter. Royal Bank of Canada now owns 13,677 shares of the financial services provider’s stock valued at $645,000 after acquiring an additional 431 shares during the period. AQR Capital Management LLC raised its holdings in First Business Financial Services by 104.5% in the 1st quarter. AQR Capital Management LLC now owns 9,635 shares of the financial services provider’s stock worth $454,000 after purchasing an additional 4,924 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in First Business Financial Services by 5.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,711 shares of the financial services provider’s stock valued at $222,000 after purchasing an additional 234 shares in the last quarter. Quantbot Technologies LP purchased a new position in First Business Financial Services during the second quarter valued at $147,000. Finally, Invesco Ltd. grew its holdings in First Business Financial Services by 0.7% during the second quarter. Invesco Ltd. now owns 58,169 shares of the financial services provider’s stock valued at $2,947,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 60.07% of the company’s stock.
Analysts Set New Price Targets
FBIZ has been the topic of a number of analyst reports. Weiss Ratings raised First Business Financial Services from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, June 15th. Raymond James Financial set a $64.00 target price on shares of First Business Financial Services in a research note on Monday, April 27th. Finally, DA Davidson reaffirmed a “buy” rating and set a $65.00 price target on shares of First Business Financial Services in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to MarketBeat, First Business Financial Services currently has an average rating of “Buy” and a consensus target price of $65.50.
First Business Financial Services Trading Up 0.2%
Shares of FBIZ stock opened at $63.02 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.03 and a current ratio of 1.04. The stock has a fifty day simple moving average of $57.88 and a two-hundred day simple moving average of $56.58. The firm has a market capitalization of $526.85 million, a PE ratio of 10.38 and a beta of 0.68. First Business Financial Services, Inc. has a 52-week low of $45.90 and a 52-week high of $63.88.
First Business Financial Services (NASDAQ:FBIZ – Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $1.44 EPS for the quarter, beating the consensus estimate of $1.42 by $0.02. The business had revenue of $44.29 million for the quarter, compared to the consensus estimate of $43.40 million. First Business Financial Services had a return on equity of 14.60% and a net margin of 18.16%. On average, analysts predict that First Business Financial Services, Inc. will post 6.21 EPS for the current fiscal year.
First Business Financial Services Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Wednesday, May 6th were issued a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, May 6th. This represents a $1.36 dividend on an annualized basis and a yield of 2.2%. First Business Financial Services’s payout ratio is currently 22.41%.
First Business Financial Services Profile
First Business Financial Services, Inc (NASDAQ:FBIZ) is a bank holding company headquartered in Madison, Wisconsin, offering a suite of commercial banking and financial services. Through its wholly owned subsidiary, First Business Bank, the company provides relationship-driven lending, deposit and treasury management solutions to small and mid-sized businesses, nonprofit organizations and high-net-worth individuals. Its core products include commercial real estate financing, equipment leasing, SBA-guaranteed lending, and cash management services.
In addition to lending and depository services, First Business Bank delivers investment advisory and wealth management through dedicated trust and private banking teams.
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