First business financial director Kauten buys $478,000 in stock

Published 01/08/2025, 21:30
First business financial director Kauten buys $478,000 in stock

Ralph R. Kauten, a director at First Business Financial Services (NASDAQ:FBIZ), purchased 10,000 shares of common stock on July 30, 2025, at a price of $47.80, according to a Form 4 filing with the Securities and Exchange Commission. The purchase comes as the $391 million market cap company trades at an attractive P/E ratio of 8.4x and offers a 2.44% dividend yield. According to InvestingPro, the company has maintained dividend payments for 21 consecutive years.

The transaction amounted to a total investment of $478,000. Following the transaction, Kauten directly owns 29,756.258 shares of First Business Financial Services, which includes shares held by reporting person’s IRA and the Ralph Kauten Revocable Trust.

Kauten also indirectly owns 12,687 shares through Reporting Person’s Family LLC.

In other recent news, First Business Financial Services reported its second-quarter earnings for 2025, exceeding analysts’ expectations with an earnings per share of $1.35, compared to the forecast of $1.33. However, the company reported revenue of $41.04 million, which fell short of the expected $41.55 million. Despite this revenue miss, Piper Sandler raised its price target for First Business Financial to $58.00, maintaining an Overweight rating. The firm noted solid second-quarter results, highlighting stronger net interest income and robust balance sheet growth, despite softer SBA (LON:SBA) revenue. Additionally, DA Davidson reiterated its Buy rating on First Business Financial with a price target of $57.00, citing strong loan growth and stable core net interest margin as positive factors. The firm also praised the company’s effective cost control measures. These developments reflect a mixed but generally positive outlook for First Business Financial among analysts.

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