First Business Financial Services Inc (FBIZ) Stake Lifted by River Oaks Capital LLC

River Oaks Capital LLC grew its position in shares of First Business Financial Services Inc (NASDAQ:FBIZ) by 3.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,200 shares of the financial services provider’s stock after purchasing an additional 2,700 shares during the period. River Oaks Capital LLC owned approximately 0.81% of First Business Financial Services worth $1,650,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FBIZ. Acadian Asset Management LLC purchased a new position in shares of First Business Financial Services during the 2nd quarter valued at $204,000. Rhumbline Advisers purchased a new position in shares of First Business Financial Services during the 2nd quarter valued at $209,000. Macquarie Group Ltd. purchased a new position in shares of First Business Financial Services during the 2nd quarter valued at $222,000. Zacks Investment Management purchased a new position in shares of First Business Financial Services during the 2nd quarter valued at $315,000. Finally, Bank of Montreal Can purchased a new position in shares of First Business Financial Services during the 2nd quarter valued at $358,000. Hedge funds and other institutional investors own 61.78% of the company’s stock.

NASDAQ FBIZ opened at $20.97 on Monday. First Business Financial Services Inc has a 52-week low of $19.55 and a 52-week high of $26.95. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.64. The firm has a market cap of $184.04 million, a PE ratio of 15.53, a P/E/G ratio of 1.40 and a beta of 0.81.

First Business Financial Services (NASDAQ:FBIZ) last posted its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.10. First Business Financial Services had a net margin of 15.76% and a return on equity of 9.38%. The company had revenue of $21.97 million during the quarter, compared to the consensus estimate of $21.00 million. On average, equities analysts expect that First Business Financial Services Inc will post 1.87 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Monday, November 5th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date was Friday, November 2nd. First Business Financial Services’s dividend payout ratio is currently 41.48%.

FBIZ has been the subject of a number of recent analyst reports. ValuEngine lowered shares of First Business Financial Services from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. Zacks Investment Research raised shares of First Business Financial Services from a “sell” rating to a “hold” rating in a report on Wednesday, September 26th. TheStreet downgraded shares of First Business Financial Services from a “b-” rating to a “c+” rating in a report on Thursday, October 25th. Finally, DA Davidson raised shares of First Business Financial Services from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Tuesday, August 28th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. First Business Financial Services has a consensus rating of “Hold” and an average price target of $27.67.

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First Business Financial Services 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's deposit products include non-interest-bearing transaction accounts, interest-bearing transaction accounts, money market accounts, and time deposits, as well as certificates of deposit.

Further Reading: Institutional Investors

Institutional Ownership by Quarter for First Business Financial Services (NASDAQ:FBIZ)

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