Zacks Investment Research upgraded First Business Financial Services Inc (NASDAQ:FBIZ) to Hold in a report released today.
- Updated: October 3, 2016
Zacks Investment Research has upgraded First Business Financial Services Inc (NASDAQ:FBIZ) to Hold in a report released on Monday October 03, 2016.
Previously on Monday August 01, 2016, KBW reported on First Business Financial Services Inc (NASDAQ:FBIZ) reduced the target price from $28.00 to $27.00. At the time, this indicated a possible upside of 0.18%.
Yesterday First Business Financial Services Inc (NASDAQ:FBIZ) traded -1.23% lower at $23.21. The company’s 50-day moving average is $22.90 and its 200-day moving average is $23.57. The last closing price is down -1.54% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 5,322 shares of the stock traded hands, down from an average trading volume of 13,319
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First Business Financial Services Inc has a 52 week low of $20.06 and a 52 week high of $27.35 with a P/E ratio of 12.09 The company’s market cap is currently $0.
Also covering First Business Financial Services Inc's target, a total of 4 equity analysts have released a ratings update on FBIZ. The one year target is $26.25 with zero firms rating the stock a strong buy, 2 firms rating the stock a buy, 2 firms rating the stock a hold, 0 analysts rating the company a underperform, and lastly zero analysts rating the company a sell.
More About First Business Financial Services Inc (NASDAQ:FBIZ)
First Business Financial Services, Inc. (FBFS) is a bank holding company. The Company 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 operations 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. Its business lines include commercial lending, asset-based financing, equipment financing, small business administration (SBA) lending, treasury management services, and trust and investment services. Its investments include short-term investments and securities.
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