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MADISON, WI—Daniel Ovokaitys, Chief Information Officer of First Business Financial Services, Inc. (NASDAQ:FBIZ), recently executed a sale of company stock, according to a filing with the Securities and Exchange Commission. The transaction comes as FBIZ trades near its 52-week high of $56.46, having delivered an impressive 60% return over the past year. With a market capitalization of $453 million and a P/E ratio of 10.3, InvestingPro analysis indicates the stock is currently overvalued. On February 7, Ovokaitys sold 4,828 shares of common stock at an average price of $54.55 per share, resulting in a total transaction value of $263,367. Following this sale, Ovokaitys retains ownership of 7,718 shares in the company. The sale occurs as First Business Financial maintains its 21-year streak of consistent dividend payments, with a recent dividend yield of 2.1%. For deeper insights into insider trading patterns and 12+ additional analysis tips, consider InvestingPro.
In other recent news, First Business Financial Services has been the focus of several analyst firms. Piper Sandler lifted its stock target for the company to $63, maintaining an overweight rating, following a strong fourth quarter performance. The firm anticipates above-average earnings per share and tangible book value growth in 2025 and 2026, and has raised its earnings estimates accordingly.
Simultaneously, DA Davidson raised its stock target for First Business Financial Services to $60, reiterating its buy rating. The firm’s analysts expect the company to achieve a return on assets of 1.20% and a return on tangible common equity of 15%, citing limited risks to the bank’s high profitability metrics.
Lastly, Keefe, Bruyette & Woods increased its price target for First Business Financial Services to $60, maintaining an outperform rating. This adjustment followed the company’s strong performance with recent earnings surpassing expectations. The firm’s analyst revised upward the earnings estimates for the company for the years 2025 and 2026.
These recent developments reflect the analysts’ confidence in First Business Financial Services’ financial strategy and its potential for continued strong performance.
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