Barbara Mccarty Conley Sells 2,115 Shares of First Business Financial Services Inc (NASDAQ:FBIZ) Stock

First Business Financial Services Inc (NASDAQ:FBIZ) General Counsel Barbara Mccarty Conley sold 2,115 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $24.22, for a total transaction of $51,225.30. Following the completion of the sale, the general counsel now owns 28,424 shares in the company, valued at approximately $688,429.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NASDAQ:FBIZ opened at $24.59 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.17 and a debt-to-equity ratio of 1.80. The stock has a fifty day simple moving average of $24.64 and a two-hundred day simple moving average of $23.78. First Business Financial Services Inc has a 12-month low of $18.76 and a 12-month high of $25.92. The stock has a market capitalization of $210.69 million, a price-to-earnings ratio of 13.22 and a beta of 0.84.

First Business Financial Services (NASDAQ:FBIZ) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. First Business Financial Services had a return on equity of 11.60% and a net margin of 17.75%. The firm had revenue of $22.57 million for the quarter, compared to analysts’ expectations of $22.80 million. As a group, equities research analysts predict that First Business Financial Services Inc will post 2.6 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend was Friday, November 1st. First Business Financial Services’s payout ratio is 32.26%.

A number of hedge funds have recently made changes to their positions in the stock. Millennium Management LLC grew its position in First Business Financial Services by 48.0% during the 3rd quarter. Millennium Management LLC now owns 15,142 shares of the financial services provider’s stock valued at $364,000 after purchasing an additional 4,912 shares during the last quarter. Vista Investment Management raised its holdings in First Business Financial Services by 3.5% in the third quarter. Vista Investment Management now owns 49,247 shares of the financial services provider’s stock worth $1,186,000 after buying an additional 1,661 shares during the last quarter. State Street Corp lifted its stake in shares of First Business Financial Services by 1.2% in the third quarter. State Street Corp now owns 169,470 shares of the financial services provider’s stock worth $4,081,000 after buying an additional 1,984 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of First Business Financial Services by 1,849.0% in the third quarter. Tower Research Capital LLC TRC now owns 1,949 shares of the financial services provider’s stock worth $47,000 after buying an additional 1,849 shares in the last quarter. Finally, Mackay Shields LLC lifted its stake in shares of First Business Financial Services by 22.5% in the third quarter. Mackay Shields LLC now owns 36,966 shares of the financial services provider’s stock worth $890,000 after buying an additional 6,800 shares in the last quarter. 64.77% of the stock is currently owned by institutional investors.

Several equities analysts have recently issued reports on FBIZ shares. DA Davidson reiterated a “neutral” rating on shares of First Business Financial Services in a report on Monday, November 18th. Zacks Investment Research cut First Business Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday, November 21st.

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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