First Business Financial Services Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:45D Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
07 Feb 25	Sell€254,676	Daniel Ovokaitys	Individual	4,828	€52.75
13 Dec 24	Sell€413,131	Carol Sanders	Individual	8,881	€46.55
19 Nov 24	Sell€46,276	W. Lorenz	Individual	1,000	€46.28
07 Nov 24	Sell€1,810,152	Corey Chambas	Individual	40,000	€45.25
31 Oct 24	Sell€252,107	James Hartlieb	Individual	6,344	€39.74
30 Oct 24	Buy€5,523	Carol Sanders	Individual	134	€41.41
23 Aug 24	Sell€42,784	Daniel Ovokaitys	Individual	1,130	€37.86
19 Aug 24	Sell€44,489	W. Lorenz	Individual	1,150	€38.69
12 Aug 24	Sell€183,144	Mark Meloy	Individual	5,000	€36.63
30 Jul 24	Buy€5,475	Carol Sanders	Individual	129	€42.44
21 May 24	Buy€4,844	Kevin Crampton	Individual	154	€31.45

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of 45D?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	495,953	5.96%
General Public	1,943,084	23.4%
Institutions	5,879,803	70.7%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 60.09% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
12.1%	BlackRock, Inc.	1,005,110	€42.9m	15.7%	no data
6.48%	Dimensional Fund Advisors LP	538,798	€23.0m	0.21%	no data
5.4%	The Vanguard Group, Inc.	449,280	€19.2m	12.3%	no data
4.73%	First Business Financial Services, Inc., Asset Management Arm	393,819	€16.8m	4.71%	1.82%
4.01%	1st & Main Growth Partners	333,443	€14.2m	-17%	1.93%
3.17%	Manulife Asset Management	263,702	€11.3m	-1.38%	0.01%
2.06%	Geode Capital Management, LLC	171,570	€7.3m	-1.06%	no data
1.84%	Cutler Capital Management, LLC	153,199	€6.5m	-0.2%	3.3%
1.8%	Pacific Ridge Capital Partners, LLC	150,123	€6.4m	-4.84%	1.84%
1.78%	Renaissance Technologies LLC	147,865	€6.3m	-8.59%	0.01%
1.71%	State Street Global Advisors, Inc.	142,616	€6.1m	4.34%	no data
1.63%	Corey Chambas	135,508	€5.8m	4.44%	no data
1.63%	Bridgeway Capital Management, LLC	135,442	€5.8m	3.29%	0.12%
1.35%	American Century Investment Management Inc	111,980	€4.8m	43.5%	no data
1.18%	AllianceBernstein L.P.	98,314	€4.2m	-6.2%	no data
1.17%	M3F, Inc.	97,152	€4.1m	-37%	1.43%
1.08%	Northern Trust Global Investments	89,921	€3.8m	-2.71%	no data
1.03%	LSV Asset Management	86,025	€3.7m	-8.7%	0.01%
0.98%	Invesco Capital Management LLC	81,384	€3.5m	0%	no data
0.96%	Hillsdale Investment Management Inc.	80,271	€3.4m	52.5%	0.13%
0.9%	De Lisle Partners Llp	74,640	€3.2m	5.33%	0.58%
0.84%	Federated Hermes, Inc.	70,279	€3.0m	0.57%	0.01%
0.78%	Gerald Kilcoyne	64,706	€2.8m	-1%	no data
0.76%	Hotchkis and Wiley Capital Management, LLC	63,319	€2.7m	-3.89%	0.01%
0.73%	Acadian Asset Management LLC	60,642	€2.6m	7.04%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/13 08:32
End of Day Share Price	2025/05/13 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

First Business Financial Services, Inc. is covered by 5 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jeffrey Rulis	D.A. Davidson & Co.
Brian Martin	Janney Montgomery Scott LLC
Damon DelMonte	Keefe, Bruyette, & Woods