Poehling Capital Management INC. Cuts Stock Holdings in First Business Financial Services, Inc. $FBIZ

by · The Markets Daily

Poehling Capital Management INC. reduced its stake in First Business Financial Services, Inc. (NASDAQ:FBIZ – Free Report) by 51.0% during the first quarter, HoldingsChannel.com reports. The fund owned 25,615 shares of the financial services provider’s stock after selling 26,712 shares during the quarter. Poehling Capital Management INC.’s holdings in First Business Financial Services were worth $1,381,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of FBIZ. Royal Bank of Canada increased its holdings in shares of First Business Financial Services by 3.3% in the first quarter. Royal Bank of Canada now owns 13,677 shares of the financial services provider’s stock worth $645,000 after purchasing an additional 431 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of First Business Financial Services by 104.5% during the 1st quarter. AQR Capital Management LLC now owns 9,635 shares of the financial services provider’s stock valued at $454,000 after acquiring an additional 4,924 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of First Business Financial Services by 5.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,711 shares of the financial services provider’s stock valued at $222,000 after acquiring an additional 234 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of First Business Financial Services in the second quarter valued at $147,000. Finally, Invesco Ltd. increased its position in First Business Financial Services by 0.7% in the second quarter. Invesco Ltd. now owns 58,169 shares of the financial services provider’s stock worth $2,947,000 after purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 60.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Raymond James Financial set a $64.00 price target on shares of First Business Financial Services in a research note on Monday, April 27th. Weiss Ratings upgraded shares of First Business Financial Services from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, June 15th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $65.00 price target on shares of First Business Financial Services in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $65.50.

Read Our Latest Research Report on First Business Financial Services

First Business Financial Services Stock Performance

NASDAQ:FBIZ opened at $63.02 on Friday. The firm has a market capitalization of $526.85 million, a PE ratio of 10.38 and a beta of 0.68. The stock’s fifty day moving average is $57.88 and its 200 day moving average is $56.58. First Business Financial Services, Inc. has a fifty-two week low of $45.90 and a fifty-two week high of $63.88. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.03 and a current ratio of 1.04.

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

First Business Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Wednesday, May 6th were paid a $0.34 dividend. The ex-dividend date was Wednesday, May 6th. This represents a $1.36 dividend on an annualized basis and a yield of 2.2%. First Business Financial Services’s dividend payout ratio (DPR) is presently 22.41%.

About First Business Financial Services

(Free Report)

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.

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