First Business Financial Services, Inc. (NASDAQ:FBIZ) Short Interest Update

First Business Financial Services, Inc. (NASDAQ:FBIZGet Rating) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 16,800 shares, an increase of 29.2% from the March 15th total of 13,000 shares. Based on an average daily trading volume, of 17,000 shares, the short-interest ratio is currently 1.0 days. Approximately 0.2% of the shares of the stock are short sold.

First Business Financial Services stock traded up $0.84 during trading hours on Tuesday, hitting $33.84. The company had a trading volume of 21 shares, compared to its average volume of 16,681. The company has a market cap of $285.14 million, a price-to-earnings ratio of 7.95 and a beta of 0.81. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.17 and a current ratio of 1.17. First Business Financial Services has a 1 year low of $23.75 and a 1 year high of $34.22. The business’s 50-day simple moving average is $32.70.

First Business Financial Services (NASDAQ:FBIZGet Rating) last announced its quarterly earnings results on Thursday, January 27th. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.10. First Business Financial Services had a net margin of 28.81% and a return on equity of 16.00%. The firm had revenue of $28.49 million during the quarter, compared to analysts’ expectations of $28.67 million. Research analysts forecast that First Business Financial Services will post 3.68 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 17th. Shareholders of record on Monday, February 7th were paid a dividend of $0.1975 per share. The ex-dividend date was Friday, February 4th. This represents a $0.79 dividend on an annualized basis and a yield of 2.33%. First Business Financial Services’s payout ratio is 19.04%.

A number of analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of First Business Financial Services in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Zacks Investment Research downgraded shares of First Business Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, April 12th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, First Business Financial Services has a consensus rating of “Buy” and a consensus price target of $33.50.

Institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC acquired a new position in First Business Financial Services during the 4th quarter valued at approximately $26,000. Hillsdale Investment Management Inc. increased its stake in First Business Financial Services by 30.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 2,600 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 600 shares in the last quarter. Russell Investments Group Ltd. increased its stake in First Business Financial Services by 105.5% during the 4th quarter. Russell Investments Group Ltd. now owns 3,905 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 2,005 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in First Business Financial Services during the 4th quarter valued at approximately $140,000. Finally, Trexquant Investment LP acquired a new position in First Business Financial Services during the 3rd quarter valued at approximately $234,000. Institutional investors and hedge funds own 58.29% of the company’s stock.

About First Business Financial Services (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

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