First Business Financial Services (NASDAQ:FBIZ) was downgraded by research analysts at DA Davidson from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday, Marketbeat reports. The analysts noted that the move was a valuation call.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $27.00.

FBIZ traded up $0.12 during trading hours on Tuesday, hitting $24.43. The company’s stock had a trading volume of 17,875 shares, compared to its average volume of 13,007. The firm has a 50-day moving average of $23.54. First Business Financial Services has a 12 month low of $18.76 and a 12 month high of $25.84. The firm has a market cap of $212.47 million, a PE ratio of 13.13, a price-to-earnings-growth ratio of 1.37 and a beta of 0.85. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.51.

First Business Financial Services (NASDAQ:FBIZ) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.22. First Business Financial Services had a net margin of 16.22% and a return on equity of 10.35%. The company had revenue of $22.39 million for the quarter, compared to analysts’ expectations of $21.43 million. As a group, equities analysts predict that First Business Financial Services will post 2.27 earnings per share for the current year.

In other news, General Counsel Barbara Mccarty Conley sold 5,000 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $23.19, for a total transaction of $115,950.00. Following the completion of the sale, the general counsel now directly owns 31,161 shares of the company’s stock, valued at $722,623.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William Kent Lorenz sold 2,000 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $23.10, for a total transaction of $46,200.00. The disclosure for this sale can be found here. 5.30% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA lifted its stake in First Business Financial Services by 576.3% in the first quarter. BNP Paribas Arbitrage SA now owns 1,738 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 1,481 shares during the period. Rhumbline Advisers purchased a new stake in First Business Financial Services in the fourth quarter worth about $221,000. Acadian Asset Management LLC lifted its stake in First Business Financial Services by 87.3% in the first quarter. Acadian Asset Management LLC now owns 12,541 shares of the financial services provider’s stock worth $251,000 after acquiring an additional 5,847 shares during the period. Wedge Capital Management L L P NC lifted its stake in First Business Financial Services by 23.9% in the first quarter. Wedge Capital Management L L P NC now owns 17,856 shares of the financial services provider’s stock worth $357,000 after acquiring an additional 3,443 shares during the period. Finally, Nicolet Advisory Services LLC purchased a new stake in First Business Financial Services in the first quarter worth about $378,000. 62.64% of the stock is owned by hedge funds and other institutional investors.

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.

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