M3F Inc. Sells 29,252 Shares of First Business Financial Services, Inc. $FBIZ

M3F Inc. reduced its position in First Business Financial Services, Inc. (NASDAQ:FBIZ) by 49.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,685 shares of the financial services provider’s stock after selling 29,252 shares during the period. First Business Financial Services makes up about 0.4% of M3F Inc.’s investment portfolio, making the stock its 23rd biggest position. M3F Inc. owned approximately 0.36% of First Business Financial Services worth $1,601,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of FBIZ. Northwestern Mutual Wealth Management Co. purchased a new stake in First Business Financial Services during the third quarter valued at $33,000. State of Alaska Department of Revenue boosted its position in First Business Financial Services by 174.2% in the fourth quarter. State of Alaska Department of Revenue now owns 905 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 575 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in First Business Financial Services by 32,175.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,291 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 1,287 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of First Business Financial Services by 356.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,890 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 1,476 shares during the period. Finally, Virtus Advisers LLC bought a new stake in shares of First Business Financial Services during the 3rd quarter valued at about $109,000. Institutional investors own 60.07% of the company’s stock.

Analyst Ratings Changes

FBIZ has been the subject of several research reports. Raymond James Financial set a $64.00 price target on shares of First Business Financial Services in a research report on Monday, April 27th. Weiss Ratings raised shares of First Business Financial Services from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, June 15th. Finally, DA Davidson restated a “buy” rating and set a $65.00 target price on shares of First Business Financial Services in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $65.50.

First Business Financial Services Price Performance

FBIZ stock opened at $63.85 on Monday. The business’s 50-day moving average price is $58.44 and its 200-day moving average price is $56.85. The stock has a market cap of $533.79 million, a P/E ratio of 10.52 and a beta of 0.66. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.82. First Business Financial Services, Inc. has a twelve month low of $45.90 and a twelve month high of $65.49.

First Business Financial Services (NASDAQ:FBIZ) last released its earnings results on Thursday, April 23rd. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.02. First Business Financial Services had a net margin of 18.16% and a return on equity of 14.60%. The company had revenue of $44.29 million during the quarter, compared to analyst estimates of $43.40 million. On average, equities research analysts forecast that First Business Financial Services, Inc. will post 6.21 EPS for the current year.

First Business Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 6th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Wednesday, May 6th. First Business Financial Services’s dividend payout ratio (DPR) is presently 22.41%.

About First Business Financial Services

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.