Follow The Ratings: Is First Business Financial Services (NASDAQ:FBIZ) a Stock to Watch After DA Davidson Initiation?

November 23, 2016 - By whatsonthorold

Follow The Ratings: Is First Business Financial Services (NASDAQ:FBIZ) a Stock to Watch After DA Davidson Initiation?

Why DA Davidson Gives First Business Financial Services (NASDAQ:FBIZ) $24.00 Price Target

Research analysts at DA Davidson issued “Neutral” rating on First Business Financial Services (NASDAQ:FBIZ). The firm began coverage in a research note released on 23 November. DA Davidson’s price target gives upside of 9.09% from the company’s current stock price.

First Business Financial Services Inc (NASDAQ:FBIZ) Ratings Coverage

Out of 3 analysts covering First Business Financial (NASDAQ:FBIZ), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. First Business Financial has been the topic of 4 analyst reports since October 27, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Sandler O’Neill on Thursday, December 3. Sandler O’Neill upgraded the shares of FBIZ in a report on Monday, March 28 to “Buy” rating. The firm has “Market Perform” rating given on Tuesday, October 27 by FIG Partners. Raymond James downgraded First Business Financial Services Inc (NASDAQ:FBIZ) on Monday, October 31 to “Mkt Perform” rating.

About 2,029 shares traded hands. First Business Financial Services Inc (NASDAQ:FBIZ) has declined 10.78% since April 21, 2016 and is downtrending. It has underperformed by 16.11% the S&P500.

Insitutional Activity: The institutional sentiment increased to 1.25 in 2016 Q2. Its up 0.28, from 0.97 in 2016Q1. The ratio increased, as 6 funds sold all First Business Financial Services Inc shares owned while 26 reduced positions. 7 funds bought stakes while 24 increased positions. They now own 4.98 million shares or 1.87% less from 5.08 million shares in 2016Q1.

Blackrock Institutional Na, a California-based fund reported 85,706 shares. Geode Cap Mngmt Limited last reported 0% of its portfolio in the stock. Federated Investors Inc Pa holds 0% or 45,990 shares in its portfolio. Us Bank De last reported 2,630 shares in the company. Emerald Mutual Fund Advisers Tru has 119,800 shares for 0.16% of their US portfolio. The Ontario – Canada-based Manufacturers Life Insur The has invested 0.02% in First Business Financial Services Inc (NASDAQ:FBIZ). The United Kingdom-based Legal General Gp Public Ltd Company has invested 0% in First Business Financial Services Inc (NASDAQ:FBIZ). Moreover, Blackrock has 0% invested in First Business Financial Services Inc (NASDAQ:FBIZ) for 1,462 shares. Moreover, Analytic Investors Ltd Company has 0.01% invested in First Business Financial Services Inc (NASDAQ:FBIZ) for 23,458 shares. State Common Retirement Fund last reported 0% of its portfolio in the stock. Eam Limited Liability Corp holds 0.18% or 51,948 shares in its portfolio. Barclays Public Ltd Company last reported 0% of its portfolio in the stock. Kennedy Cap Management accumulated 50,090 shares or 0.02% of the stock. Bancshares Of America Corporation De reported 821 shares or 0% of all its holdings. California State Teachers Retirement System, a California-based fund reported 16,922 shares.

First Business Financial Services, Inc. is a bank holding company. The company has a market cap of $190.77 million. The Firm engages in the commercial banking business through its bank subsidiaries, which include First Business Bank (FBB), First Business Bank-Milwaukee (FBB-Milwaukee) and Alterra Bank (Alterra) (FBB and FBB-Milwaukee and, together with FBB, the Banks). It has a 12.87 P/E ratio. The activities of FBFS are conducted through the Banks and certain subsidiaries of FBB.

According to Zacks Investment Research, “First Business Financial Services is the parent of the First Business family of companies, managing shareholder relations and providing access to capital for our operating entities. It provides its subsidiaries with cost-effective corporate services including human resources, finance, information technology, and marketing. Its companies include First Business Bank, First Business Bank – Milwaukee, First Business Trust & Investments, First Business Leasing, LLC, and First Business Capital Corp.”

FBIZ Company Profile

First Business Financial Services, Inc. (FBFS), incorporated on December 26, 1986, is a bank holding company. The Firm engages in the commercial banking business through its bank subsidiaries, which include First Business Bank (FBB), First Business Bank-Milwaukee (FBB-Milwaukee) and Alterra Bank (Alterra) (FBB and FBB-Milwaukee and, together with FBB, the Banks). The activities of FBFS are conducted through the Banks and certain subsidiaries of FBB. The Banks operate as business banks focusing on delivering a line of commercial banking products, including commercial loans and commercial real estate loans, and services to meet the needs of small- and medium-sized businesses, business owners, executives, professionals and high net worth individuals. The Company’s business lines include commercial lending, asset financing, equipment financing, small business administration (SBA) lending, treasury management services, and trust and investment services. FBB’s subsidiaries include Rimrock Road Investment Fund, LLC (Rimrock) and First Madison Investment Corp. (FMIC). FBFS has total gross loans and leases of approximately $1.435 billion and total deposits of approximately $1.577 billion. FBB has total gross loans and leases of approximately $1.036 billion and total deposits of approximately $1.124 billion. FBB-Milwaukee has total gross loans of approximately $144.9 million and total deposits of approximately $236.9 million. Alterra has total gross loans of approximately $253.9 million and total deposits of approximately $262.7. The Company’s subsidiary, FBFS Statutory Trust II (Trust II) is a business trust.

More recent First Business Financial Services Inc (NASDAQ:FBIZ) news were published by: Jsonline.com which released: “Third-quarter profit drops 42% for First Business Financial Services” on October 27, 2016. Also Zacks.com published the news titled: “What Makes First Business Financial Services (FBIZ) a Strong Sell?” on November 14, 2016. Money.Cnn.com‘s news article titled: “First Business Financial Services Inc. Names Edward G. Sloane, Jr. to Serve as CFO” with publication date: January 14, 2016 was also an interesting one.

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