No insider purchase over the last 90 days. The latest, by Crampton Kevin D, was filed 10 Nov 2025.
First Business Financial Services, Inc. is a Finance & Banking company. Its directors and officers file their transactions with SEC (Form 4). Over the twelve months to 18 October 2026, 31 filings were filed, from 11 insiders.
The record shows 1 purchase on the open market worth €3,160, made by 1 insider, against 1 sale worth €41k by 1 insider. The net balance comes to €37k on the selling side. Buying on the open market means paying the going price with one's own funds, a different act from receiving shares as pay. Those buying include 1 finance chief. Biggest ticket of the year: €41k, sold by Chandler Jodi A and made public on 28 August 2026 (0.0078% of market cap).
The clock since the last published purchase (10 November 2025) now reads 345 days. Typically, a trade is published a median of 4 days after it takes place. Section 16 rules allow two business days to file each Form 4.
With 31 filings in twelve months, the company is more active than the median of 22 filings across the 5,458 companies we follow on the same exchange. The full history, which starts in 2016, counts 29 purchases against 12 sales. In its latest annual report filed with the SEC (10-K, fiscal year ended 31 December 2025), the company reported net income of 50.3 m USD, with a dividend of 1.16 USD per share.
Elsewhere in the same sector, our signals recently picked up insider purchases at First Guaranty Bancshares, Inc. and BCB Bancorp Inc. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.
+2 other insiders
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analysts rate First Business Financial Services, Inc. Buy (bullish), based on 5 analysts. Average price target: US$78.80.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Transparent value + quality ranking, distinct from the insider signal.
FY ended December 2025 · cache
25 of 235 declarations
FIRST BUSINESS FINANCIAL SERVICES, INC. (Nasdaq: FBIZ) is a U.S. financial services holding company listed on the NASDAQ market in the United States, with headquarters in Madison, Wisconsin. The company is the parent of First Business Bank and operates with a distinctly business-focused model, positioning itself as a specialist bank rather than a broad consumer franchise. Its value proposition is built around expertise, accessibility, responsiveness, and long-term advisory relationships for business owners, executives, and high-net-worth clients. ([firstbusiness.bank](https://firstbusiness.bank/our-company?utm_source=openai))
Founded in 1990, First Business has evolved into a publicly traded banking group with a more diversified operating platform. Over time, it expanded beyond core commercial banking into private wealth, specialty finance, and bank consulting. That evolution matters strategically: it broadens fee and spread income opportunities, improves client retention, and helps the company serve a more complex set of customers across the business lifecycle. ([firstbusiness.bank](https://firstbusiness.bank/resource-center/how-first-business-bank-prepares-future-leaders/?utm_source=openai))
The company’s main business lines include commercial banking, commercial real estate lending, C&I lending, treasury management, specialty finance, asset-based lending, accounts receivable financing, equipment financing, floorplan financing, SBA lending, and private wealth services. This mix gives FBIZ exposure to higher-touch, relationship-driven banking niches where specialized underwriting and service depth can be competitive advantages. Relative to larger regional banks, the franchise is narrower in scope but more focused in its target market, which can support pricing power and client loyalty when credit execution remains disciplined. ([marketscreener.com](https://www.marketscreener.com/quote/stock/FIRST-BUSINESS-FINANCIAL--9250/news/First-Business-Financial-Services-Inc-Announces-CEO-Changes-Effective-May-2-2026-49829133/?utm_source=openai))
Geographically, the company remains rooted in the U.S. Midwest, particularly around Madison, while serving clients through a broader footprint supported by its specialized business lines. Its business is overwhelmingly domestic, so investors should view FBIZ primarily as a play on U.S. credit trends, deposit competition, regional economic conditions, and interest-rate sensitivity rather than on international expansion. ([ir.firstbusiness.bank](https://ir.firstbusiness.bank/files/doc_presentations/2024/Jul/25/fbiz-2q24-investor-presentation.pdf?utm_source=openai))
Recent developments underscore both execution and governance continuity. In 2024, Piper Sandler named First Business Financial Services a Sm-All Star, highlighting the bank’s standing among small-cap banks on growth, profitability, credit quality, and capital strength. In 2026, the company announced a CEO transition: Corey Chambas retired effective May 2, 2026, and Dave Seiler became President and CEO effective May 3, 2026. The first quarter 2026 update also pointed to continued revenue growth and a higher regular quarterly dividend, reinforcing the impression of a franchise that remains operationally resilient while entering a new leadership era. ([firstbusiness.bank](https://firstbusiness.bank/news/piper-sandler-2024-sm-all-stars-recognition/?utm_source=openai))
Purchases our model currently ranks for the recommendations list.
All recommendations| Fiscal year end | Revenue | Net income | Diluted EPS | Dividend per share | Filing |
|---|---|---|---|---|---|
| Dec 2025 | n.d. | 50.3 m USD | 5.94 USD | 1.16 USD | 10-K |
| Dec 2024 | n.d. | 44.2 m USD | 5.20 USD | 1.00 USD | 10-K |
| Dec 2023 | n.d. | 37.0 m USD | 4.33 USD | 0.91 USD | 10-K |
| Dec 2022 | n.d. | 40.9 m USD | 4.75 USD | 0.79 USD | 10-K |
| Dec 2021 | n.d. | 35.8 m USD | 4.17 USD | 0.72 USD | 10-K |
Amounts in USD, as filed (forms 10-K, 20-F or 40-F). Source: SEC EDGAR.