First Business Financial Services, Inc. (NASDAQ:FBIZ) Shares Purchased by Baird Financial Group Inc.

Baird Financial Group Inc. grew its stake in shares of First Business Financial Services, Inc. (NASDAQ:FBIZGet Rating) by 5.4% during the second quarter, HoldingsChannel reports. The firm owned 9,740 shares of the financial services provider’s stock after buying an additional 500 shares during the period. Baird Financial Group Inc.’s holdings in First Business Financial Services were worth $304,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of FBIZ. First Business Financial Services Inc. lifted its position in shares of First Business Financial Services by 3.5% during the second quarter. First Business Financial Services Inc. now owns 354,963 shares of the financial services provider’s stock worth $11,071,000 after purchasing an additional 12,000 shares in the last quarter. US Bancorp DE increased its position in shares of First Business Financial Services by 90.0% during the second quarter. US Bancorp DE now owns 3,800 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 1,800 shares during the last quarter. Dorsey Wright & Associates acquired a new position in shares of First Business Financial Services in the second quarter worth about $40,000. Uncommon Cents Investing LLC boosted its holdings in First Business Financial Services by 18.3% in the second quarter. Uncommon Cents Investing LLC now owns 34,525 shares of the financial services provider’s stock valued at $1,077,000 after purchasing an additional 5,330 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in First Business Financial Services by 0.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 346,483 shares of the financial services provider’s stock valued at $11,368,000 after purchasing an additional 925 shares in the last quarter. Hedge funds and other institutional investors own 66.33% of the company’s stock.

First Business Financial Services Stock Performance

Shares of FBIZ stock opened at $39.59 on Wednesday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market capitalization of $333.78 million, a price-to-earnings ratio of 8.66 and a beta of 0.77. First Business Financial Services, Inc. has a one year low of $28.04 and a one year high of $39.88. The company’s 50-day simple moving average is $35.59 and its 200-day simple moving average is $33.99.

First Business Financial Services Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 17th. Shareholders of record on Monday, November 7th were issued a dividend of $0.1975 per share. This represents a $0.79 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Friday, November 4th. First Business Financial Services’s dividend payout ratio is presently 17.29%.

Analysts Set New Price Targets

A number of brokerages have issued reports on FBIZ. StockNews.com assumed coverage on First Business Financial Services in a research report on Wednesday, October 12th. They issued a “buy” rating on the stock. Raymond James increased their price objective on shares of First Business Financial Services from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Monday, October 31st.

First Business Financial Services Profile

(Get Rating)

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, as well as credit cards.

Further Reading

Want to see what other hedge funds are holding FBIZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Business Financial Services, Inc. (NASDAQ:FBIZGet Rating).

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

Receive News & Ratings for First Business Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Business Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.