First Business Financial Services (NASDAQ:FBIZ) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Monday, Zacks.com reports.

According to Zacks, “First Business Financial Services is the parent of the First Business family of companies, managing shareholder relations and providing access to capital for our operating entities. It provides its subsidiaries with cost-effective corporate services including human resources, finance, information technology, and marketing. Its companies include First Business Bank, First Business Bank – Milwaukee, First Business Trust & Investments, First Business Leasing, LLC, and First Business Capital Corp. “

Separately, Raymond James upgraded shares of First Business Financial Services from a “market perform” rating to an “outperform” rating and set a $19.00 price objective on the stock in a research note on Wednesday, June 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. First Business Financial Services currently has a consensus rating of “Hold” and a consensus target price of $24.00.

First Business Financial Services stock traded down $0.29 on Monday, reaching $15.49. 46,100 shares of the stock were exchanged, compared to its average volume of 21,249. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.16. First Business Financial Services has a twelve month low of $12.86 and a twelve month high of $27.35. The firm has a fifty day moving average price of $15.78 and a two-hundred day moving average price of $20.13. The stock has a market cap of $132.04 million, a PE ratio of 6.48 and a beta of 1.09.

First Business Financial Services (NASDAQ:FBIZ) last posted its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.07). The business had revenue of $23.46 million for the quarter, compared to analyst estimates of $23.03 million. First Business Financial Services had a return on equity of 10.76% and a net margin of 16.57%. Equities analysts anticipate that First Business Financial Services will post 1.74 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in FBIZ. Royal Bank of Canada increased its position in shares of First Business Financial Services by 18.5% during the first quarter. Royal Bank of Canada now owns 6,188 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 968 shares during the period. Invesco Ltd. boosted its stake in First Business Financial Services by 50.3% during the first quarter. Invesco Ltd. now owns 22,762 shares of the financial services provider’s stock worth $353,000 after buying an additional 7,613 shares in the last quarter. M3F Inc. increased its holdings in First Business Financial Services by 8.3% in the 1st quarter. M3F Inc. now owns 262,849 shares of the financial services provider’s stock valued at $4,074,000 after buying an additional 20,203 shares during the period. Geode Capital Management LLC raised its stake in shares of First Business Financial Services by 2.3% in the 1st quarter. Geode Capital Management LLC now owns 96,466 shares of the financial services provider’s stock valued at $1,495,000 after buying an additional 2,180 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of First Business Financial Services by 83.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 15,288 shares of the financial services provider’s stock worth $237,000 after acquiring an additional 6,976 shares during the period. Institutional investors own 65.19% of the company’s stock.

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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