FBIZ

FIRST BUSINESS FINANCIAL SERVICES, INC.

Nasdaq · State Commercial Banks · Inc. WI · CIK 0001521951
$60.62 +1.42% $506.9M
4 New Institutional Positions
Vol
Market Cap$506.9M
Cap SizeSmall Cap
Analyst ConsensusStrong Buy (91%)
Inst. Holders50 funds
Inst. Value$169.3M
Inst. Activity4 buys / 1 sells
SEC Reports4
Exchange Nasdaq·Sector State Commercial Banks·Inc. WI·CIK 0001521951·Prev Close $59.77

Recent Activity

May 16, 2026 Insider
CHAVARRIA CARLA C was granted 710 shares
Director
May 16, 2026 Insider
Seiler David R. was granted 3,815 shares
President and CEO
May 16, 2026 Insider
Benson Laurie S. was granted 710 shares
Director
Apr 23, 2026 SEC
First Business Financial Services reported Q1 2026 earnings with EPS of $1.44, missing consensus by 1.4% despite strong
8-K — Impact 5/10
Apr 23, 2026 earnings_calendar
FBIZ Q1 2026 Earnings Scheduled — 2026-04-23
Apr 14, 2026 SEC
First Business Financial Services, Inc. announced the vesting of performance-based restricted stock units for its named
8-K — Impact 3/10
Mar 16, 2026 SEC
First Business Financial Services, Inc. (FBIZ) has had a shelf registration (Form S-3) declared effective by the SEC as
EFFECT — Impact 4/10
Inst.
MORGAN STANLEY — ADD
75,719 shares ($4.1M)

Price Targets

$65.60 +8.2% upside Buy
Current $60.62 Low $64.00 Median $65.00 High $70.00 5 analysts
$64.00 $70.00

Analyst Ratings

Strong Buy91% buy · 11 analysts
3Strong Buy
7Buy
1Hold
0Sell
0Strong Sell
Recent Analyst Actions
DateFirmActionRating
Apr 27, 2026 DA Davidson MAINTAIN Buy → Buy
Feb 3, 2026 Piper Sandler MAINTAIN Overweight → Overweight
Feb 2, 2026 DA Davidson MAINTAIN Buy → Buy
Feb 2, 2026 Keefe, Bruyette & Woods MAINTAIN Outperform → Outperform

Earnings Estimates

PeriodEPS Est.RangeGrowth#
Current Q $1.56 ▲ +6.4% $1.47 — $1.65 15% YoY 5
Next Q $1.59 ▲ +2.3% $1.57 — $1.61 -6% YoY 5
Current FY $6.22 ▲ +2.9% $6.15 — $6.30 5% YoY 5
Next FY $6.70 ▲ +0.7% $6.50 — $6.95 8% YoY 5

Latest Reports

MIXED 8-K 5/10
First Business Financial Services reported Q1 2026 earnings with EPS of $1.44, missing consensus by 1.4% despite strong
Apr 23, 2026
NEUTRAL 8-K 3/10
First Business Financial Services, Inc. announced the vesting of performance-based restricted stock units for its named
Apr 14, 2026

Top Institutional Holders

FundValueMove
BlackRock, Inc.$46.9M—
DIMENSIONAL FUND ADVISORS LP$27.0M—
VANGUARD CAPITAL MANAGEMENT LLC$18.4M—
MANUFACTURERS LIFE INSURANCE COMPANY,$13.2M—
STATE STREET CORP$9.4M—

Recent Insider Trades

DateInsiderTypeValue
May 16, 2026CHAVARRIA CARLAA$0.00
May 16, 2026Seiler DavidA$0.00
May 16, 2026Benson LaurieA$0.00
May 16, 2026CHAMBAS COREYA$0.00
May 16, 2026Graham JasonA$0.00
50 institutional holders with $169.3M total value (3,138,526 shares) as of 2026-Q1. Top holders: BlackRock,, DIMENSIONAL, VANGUARD. Net buying activity: 4 institutions added/increased vs 1 reduced.

Top Institutional Holders — 2026-Q1

#FundSharesValue% of TrackedLast Move
1BlackRock, Inc.870,202$46.9M27.7%—
2DIMENSIONAL FUND ADVISORS LP499,716$27.0M15.9%—
3VANGUARD CAPITAL MANAGEMENT LLC340,538$18.4M10.8%—
4MANUFACTURERS LIFE INSURANCE COMPANY, THE244,795$13.2M7.8%—
5STATE STREET CORP173,718$9.4M5.5%—
6RENAISSANCE TECHNOLOGIES LLC122,465$6.6M3.9%—
7FEDERATED HERMES, INC.116,133$6.3M3.7%ADD +45.8%
8VANGUARD PORTFOLIO MANAGEMENT LLC92,269$5.0M2.9%—
9MORGAN STANLEY75,719$4.1M2.4%ADD +48.7%
10ALLIANCEBERNSTEIN L.P.58,984$3.2M1.9%—
11GOLDMAN SACHS GROUP INC55,399$3.0M1.8%—
12VANGUARD FIDUCIARY TRUST CO51,693$2.8M1.6%—
13AMERIPRISE FINANCIAL INC48,457$2.6M1.5%ADD +85.0%
14TWO SIGMA INVESTMENTS, LP31,696$1.7M1.0%TRIM -57.4%
15ROYAL BANK OF CANADA31,022$1.7M1.0%ADD +89.9%
16FIRST TRUST ADVISORS LP29,413$1.6M0.9%DOUBLED +469.9%
17BANK OF AMERICA CORP /DE/24,024$1.3M0.8%ADD +36.2%
18STIFEL FINANCIAL CORP23,190$1.3M0.7%—
19CHARLES SCHWAB INVESTMENT MANAGEMENT INC22,373$1.2M0.7%—
20Baird Financial Group, Inc.21,240$1.1M0.7%DOUBLED +129.9%

Recent Position Changes

FundActionPrev SharesCurr SharesChange %ValueQuarter
MORGAN STANLEYADD50,92375,719+48.7%$4.1M2026-Q1
BANK OF AMERICA CORP /DE/ADD17,64524,024+36.2%$1.3M2026-Q1
LAZARD ASSET MANAGEMENT LLCADD12,46116,773+34.6%$904.6K2026-Q1
WEALTH ENHANCEMENT ADVISORY SERVICES, LLCTRIM14,6355,305-63.8%$292.8K2026-Q1
Rockefeller Capital Management L.P.ADD392524+33.7%$28.3K2026-Q1
FEDERATED HERMES, INC.ADD71,865104,764+45.8%$5.7M2025-Q4
MORGAN STANLEYADD40,56950,923+25.5%$2.8M2025-Q4
TWO SIGMA INVESTMENTS, LPTRIM46,20719,691-57.4%$1.1M2025-Q4
BANK OF AMERICA CORP /DE/ADD13,31317,645+32.5%$958.1K2025-Q4
STATE OF WISCONSIN INVESTMENT BOARDADD5,8159,576+64.7%$520.0K2025-Q4
WELLS FARGO & COMPANY/MNADD6,1218,995+47.0%$488.4K2025-Q4
HSBC HOLDINGS PLCTRIM9,9595,390-45.9%$290.5K2025-Q4
FMR LLCADD624918+47.1%$49.8K2025-Q4
Allworth Financial LPADD103135+31.1%$7.3K2025-Q4
FIRST TRUST ADVISORS LPDOUBLED5,30930,258+469.9%$1.6M2025-Q3
BANK OF AMERICA CORP /DE/ADD6,84313,313+94.5%$682.4K2025-Q3
HSBC HOLDINGS PLCTRIM13,6429,959-27.0%$506.4K2025-Q3
UBS Group AGADD5,8759,684+64.8%$496.4K2025-Q3
Invesco Ltd.NEAR_EXIT58,1699,367-83.9%$480.2K2025-Q3
LOS ANGELES CAPITAL MANAGEMENT LLCTRIM13,9574,298-69.2%$220.3K2025-Q3
Allworth Financial LPDOUBLED15103+586.7%$5.3K2025-Q3
CWM, LLCDOUBLED1,5794,441+181.3%$228.002025-Q3
AMERIPRISE FINANCIAL INCADD24,18944,746+85.0%$2.3M2025-Q2
TWO SIGMA INVESTMENTS, LPADD23,40540,273+72.1%$2.0M2025-Q2
ROYAL BANK OF CANADAADD13,67725,972+89.9%$1.3M2025-Q2
15 unique insiders with 27 transactions. Net insider value: $0.00 ($0.00 bought, $0.00 sold).

Insider Transactions

DateInsiderTitleTypeSharesPriceValue
May 16, 2026CHAVARRIA CARLA CDirectorAWARD710——
May 16, 2026Seiler David R.President and CEOAWARD3,815——
May 16, 2026Benson Laurie S.DirectorAWARD710——
May 16, 2026CHAMBAS COREY ADirectorAWARD710——
May 16, 2026Graham Jason RDirectorAWARD710——
May 16, 2026Kilcoyne Gerald LDirectorAWARD710——
May 16, 2026Lorenz William KentDirectorAWARD710——
May 16, 2026Olszewski Daniel P.DirectorAWARD710——
May 16, 2026Crampton Kevin DChief Accounting OfficerTAX W/H54$53.81$2.9K
May 16, 2026Garcia Laura M.Chief Risk OfficerTAX W/H194$53.81$10.4K
Apr 10, 2026CHAMBAS COREY ACEOAWARD10,370——
Apr 10, 2026CHAMBAS COREY ACEOTAX W/H4,875$58.60$285.7K
Apr 10, 2026Chandler Jodi AChief Human Resources OfficerAWARD2,080——
Apr 10, 2026Chandler Jodi AChief Human Resources OfficerTAX W/H834$58.60$48.9K
Apr 10, 2026Garcia Laura M.Chief Risk OfficerAWARD2,500——
Apr 10, 2026Garcia Laura M.Chief Risk OfficerTAX W/H1,108$58.60$64.9K
Apr 10, 2026Hartlieb James EdwardPres&CEO First Business BankAWARD2,730——
Apr 10, 2026Hartlieb James EdwardPres&CEO First Business BankTAX W/H1,039$58.60$60.9K
Apr 10, 2026Ovokaitys DanielChief Information OfficerAWARD2,430——
Apr 10, 2026Seiler David R.President and COOAWARD4,780——
Apr 10, 2026Spielmann Brian D.CFOTAX W/H1,501$58.60$88.0K
Apr 10, 2026Hartlieb James EdwardPres&CEO First Business BankGIFT127——
Apr 10, 2026Ovokaitys DanielChief Information OfficerTAX W/H1,143$58.60$67.0K
Apr 10, 2026Quade Bradley AChief Credit OfficerAWARD2,740——
Apr 10, 2026Quade Bradley AChief Credit OfficerTAX W/H1,096$58.60$64.2K
Apr 10, 2026Seiler David R.President and COOTAX W/H1,912$58.60$112.0K
Apr 10, 2026Spielmann Brian D.CFOAWARD3,190——
4 SEC filing reports analyzed. Sentiment: 0 bullish, 0 bearish, 1 mixed, 3 neutral. Avg impact: 3.8/10.
MIXED 8-K 5/10
First Business Financial Services reported Q1 2026 earnings with EPS of $1.44, missing consensus by
Apr 23, 2026
NEUTRAL 8-K 3/10
First Business Financial Services, Inc. announced the vesting of performance-based restricted stock
Apr 14, 2026
NEUTRAL EFFECT 4/10
First Business Financial Services, Inc. (FBIZ) has had a shelf registration (Form S-3) declared effe
Mar 16, 2026
NEUTRAL S-3 3/10
First Business Financial Services, Inc. (FBIZ) has filed an S-3 shelf registration statement to offe
Mar 3, 2026
∅

No press releases analyzed yet. Press releases are collected from GlobeNewsWire and analyzed by the LLM pipeline.

Current analyst consensus: Strong Buy (91% buy). Based on 11 analysts: 3 strong buy, 7 buy, 1 hold, 0 sell, 0 strong sell.

Analyst Price Targets

$65.60 mean target +8.2% upside Buy (3.00)
$64.00 Low $70.00 High
MetricValue
Current Price$60.62
Target Low$64.00
Target Mean$65.60
Target Median$65.00
Target High$70.00
# Analysts5
RecommendationBuy (3.00)

Earnings Estimates & Revisions

PeriodEPS AvgEPS LowEPS HighEPS Growth30d Rev.Up/DownRev. AvgRev. GrowthAnalysts
Current Q
2026-06-30
 $1.56 $1.47 $1.65 15.4% +6.4% 5↑ 0↓ $0.0B 10.7% 5
Next Q
2026-09-30
 $1.59 $1.57 $1.61 -6.2% +2.3% 3↑ 0↓ $0.0B 4.9% 5
Current FY
2026-12-31
 $6.22 $6.15 $6.30 4.7% +2.9% 4↑ 0↓ $0.2B 8.8% 5
Next FY
2027-12-31
 $6.70 $6.50 $6.95 7.8% +0.7% 4↑ 0↓ $0.2B 7.8% 5

Current Quarter EPS Revision History

TimepointEPS EstimateChange
Current$1.558
7d ago$1.390+0.168
30d ago$1.464+0.094
60d ago$1.464+0.094
90d ago$1.497+0.061
3 analyst firms have rated this stock: 0 upgrades, 0 downgrades, 0 initiations.

Individual Analyst Actions

DateAnalyst FirmActionPrevious RatingNew Rating
Apr 27, 2026 DA Davidson MAINTAIN Buy Buy
Feb 3, 2026 Piper Sandler MAINTAIN Overweight Overweight
Feb 2, 2026 DA Davidson MAINTAIN Buy Buy
Feb 2, 2026 Keefe, Bruyette & Woods MAINTAIN Outperform Outperform

Monthly Consensus History

PeriodStrong BuyBuyHoldSellStrong SellBuy %Distribution
Jun 1, 20263710091%
May 1, 20262810091%
Apr 1, 20262810091%
Mar 1, 20262810091%
Feb 1, 20262710090%
Jan 1, 20263710091%
Strong BuyBuyHoldSellStrong Sell
∅

No congressional trading data available for this ticker. Data is sourced from Senate and House financial disclosure filings.

∅

No Reddit sentiment data available yet. Sentiment is analyzed from Reddit investment communities on a rolling basis.

Apr 23, 2026
earnings_calendar
FBIZ Q1 2026 Earnings Scheduled — 2026-04-23