The stock of First Business Financial Services Inc (NASDAQ:FBIZ) hit a new 52-week low and has $17.20 target or 12.00% below today’s $19.55 share price. The 7 months bearish chart indicates high risk for the $169.56M company. The 1-year low was reported on Oct, 28 by Barchart.com. If the $17.20 price target is reached, the company will be worth $20.35 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 27,218 shares traded hands or 154.66% up from the average. First Business Financial Services Inc (NASDAQ:FBIZ) has risen 3.11% since March 28, 2016 and is uptrending. It has underperformed by 1.60% the S&P500.
First Business Financial Services Inc (NASDAQ:FBIZ) Ratings Coverage
Out of 2 analysts covering First Business Financial (NASDAQ:FBIZ), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. First Business Financial has been the topic of 3 analyst reports since October 27, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Monday, March 28 by Sandler O’Neill. The stock of First Business Financial Services Inc (NASDAQ:FBIZ) earned “Hold” rating by Sandler O’Neill on Thursday, December 3. The stock has “Market Perform” rating given by FIG Partners on Tuesday, October 27.
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.”
Insitutional Activity: The institutional sentiment decreased to 0.97 in Q2 2016. Its down 0.13, from 1.1 in 2016Q1. The ratio worsened, 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.
Jacobs Levy Equity Management Inc last reported 0% of its portfolio in the stock. Arcadia Inv Mngmt Mi, a Michigan-based fund reported 1,140 shares. Bridgeway Cap Management Inc accumulated 75,608 shares or 0.03% of the stock. Hutchin Hill Ltd Partnership last reported 154,466 shares in the company. Bank Of America De, a North Carolina-based fund reported 821 shares. Moreover, Commercial Bank Of New York Mellon has 0% invested in First Business Financial Services Inc (NASDAQ:FBIZ) for 37,576 shares. Delphi Management Inc Ma last reported 20,058 shares in the company. Citigroup holds 1,411 shares or 0% of its portfolio. Eam Ltd Company has invested 0.18% of its portfolio in First Business Financial Services Inc (NASDAQ:FBIZ). Banc Funds Limited Liability Company reported 660,728 shares or 0.9% of all its holdings. American Intl Group holds 0% or 4,646 shares in its portfolio. Schwab Charles Investment Mgmt has 11,600 shares for 0% of their US portfolio. Moreover, Northern Tru has 0% invested in First Business Financial Services Inc (NASDAQ:FBIZ) for 81,906 shares. California State Teachers Retirement Sys last reported 16,922 shares in the company. Blackrock Investment Mngmt Ltd Liability Corporation last reported 35,859 shares in the company.
Another recent and important First Business Financial Services Inc (NASDAQ:FBIZ) news was published by Jsonline.com which published an article titled: “Third-quarter profit drops 42% for First Business Financial Services” on October 27, 2016.
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.
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