First Business Financial Services (NASDAQ:FBIZ) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b-” rating in a report released on Wednesday, TheStreetRatingsTable reports.

A number of other research analysts have also issued reports on FBIZ. DA Davidson dropped their target price on Carter’s to $91.00 and set an “average” rating on the stock in a report on Tuesday. Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. Finally, ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. First Business Financial Services presently has a consensus rating of “Hold” and a consensus target price of $27.00.

FBIZ traded down $0.36 during trading on Wednesday, hitting $24.07. 522 shares of the stock were exchanged, compared to its average volume of 14,728. The company has a market cap of $212.74 million, a price-to-earnings ratio of 12.94, a P/E/G ratio of 1.34 and a beta of 0.85. First Business Financial Services has a 1-year low of $18.76 and a 1-year high of $25.84. The company’s fifty day simple moving average is $23.56. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.51.

First Business Financial Services (NASDAQ:FBIZ) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.45 by $0.22. The company had revenue of $22.39 million for the quarter, compared to analyst estimates of $21.43 million. First Business Financial Services had a return on equity of 10.35% and a net margin of 16.22%. On average, analysts forecast that First Business Financial Services will post 2.27 EPS for the current fiscal year.

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

Institutional investors have recently bought and sold shares of the stock. M3F Inc. raised its holdings in shares of First Business Financial Services by 12.1% during the first quarter. M3F Inc. now owns 253,956 shares of the financial services provider’s stock worth $5,084,000 after acquiring an additional 27,490 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in shares of First Business Financial Services by 21.6% during the first quarter. Pacific Ridge Capital Partners LLC now owns 156,076 shares of the financial services provider’s stock worth $3,125,000 after acquiring an additional 27,772 shares in the last quarter. Nicolet Advisory Services LLC purchased a new stake in shares of First Business Financial Services during the first quarter worth $378,000. Acadian Asset Management LLC raised its holdings in shares of First Business Financial Services by 87.3% during 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 in the last quarter. Finally, Martingale Asset Management L P raised its holdings in shares of First Business Financial Services by 4.4% during the first quarter. Martingale Asset Management L P now owns 47,313 shares of the financial services provider’s stock worth $948,000 after acquiring an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 62.64% of the company’s stock.

First Business Financial Services Company Profile

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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