First Business Financial Services, Inc. (FBIZ) Ownership
FBIZ ownership summary
as of October 18, 2026- Institutions
- 74.9% of shares outstanding
- Insiders
- 4.84% of shares outstanding
- Shares outstanding
- 8.4M
- Float
- 7.8M shares available to trade
- Short interest
- 4.52% 361K shares short
- Days to cover
- 5.95 short interest up 17.2% vs prior month
- Institutions 74.94%
- Insiders 4.84%
- Other investors 20.22%
FBIZ top institutional holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | BlackRock Inc | 11.09% | 928K | $65.5M | +58,178 (+6.7%) | June 30, 2026 |
| 2 | Dimensional Fund Advisors, Inc. | 5.96% | 498K | $35.1M | −1,286 (−0.3%) | June 30, 2026 |
| 3 | Vanguard Capital Management, LLC | 4.10% | 343K | $24.2M | +2,944 (+0.9%) | June 30, 2026 |
| 4 | First Business Financial Services Inc | 4.07% | 340K | $24.0M | −21,122 (−5.8%) | June 30, 2026 |
| 5 | American Century Companies Inc | 3.26% | 273K | $19.2M | +32,651 (+13.6%) | June 30, 2026 |
| 6 | Manufacturers Life Insurance Co | 2.90% | 243K | $17.1M | −1,790 (−0.7%) | June 30, 2026 |
| 7 | Geode Capital Management, LLC | 2.57% | 215K | $15.2M | +15,215 (+7.6%) | June 30, 2026 |
| 8 | State Street Corp | 2.24% | 187K | $13.2M | +13,653 (+7.9%) | June 30, 2026 |
| 9 | Banc Funds Co LLC | 1.95% | 163K | $11.5M | −3,000 (−1.8%) | June 30, 2026 |
| 10 | Cutler Capital Management | 1.84% | 154K | $10.9M | −244 (−0.2%) | June 30, 2026 |
| 11 | LSV Asset Management | 1.69% | 141K | $9.9M | −2,600 (−1.8%) | June 30, 2026 |
| 12 | Pacific Ridge Capital Partners, LLC | 1.67% | 140K | $9.9M | −1,084 (−0.8%) | June 30, 2026 |
| 13 | AQR Capital Management LLC | 1.54% | 129K | $9.1M | +34,300 (+36.2%) | June 30, 2026 |
| 14 | Federated Hermes Inc | 1.50% | 126K | $8.9M | +9,430 (+8.1%) | June 30, 2026 |
| 15 | Renaissance Technologies Corp | 1.44% | 121K | $8.5M | −1,600 (−1.3%) | June 30, 2026 |
| 16 | Vanguard Portfolio Management, LLC | 1.21% | 102K | $7.2M | +9,273 (+10.1%) | June 30, 2026 |
| 17 | Hillsdale Investment Management Inc. | 1.10% | 92K | $6.5M | +8,600 (+10.4%) | June 30, 2026 |
| 18 | Northern Trust Corp | 1.00% | 83K | $5.9M | +3,926 (+4.9%) | June 30, 2026 |
| 19 | Bridgeway Capital Management, LLC | 0.96% | 81K | $5.7M | +3,175 (+4.1%) | June 30, 2026 |
| 20 | Morgan Stanley - Brokerage Accounts | 0.96% | 80K | $5.6M | +4,275 (+5.6%) | June 30, 2026 |
Value at the latest close. Change = shares bought or sold in the latest quarterly filing (13F). In the top 20, 12 holders added 196K shares and 8 cut 33K.
FBIZ top mutual fund and ETF holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | Avantis US Small Cap Value ETF | 3.02% | 253K | $17.8M | +216 (+0.1%) | September 30, 2026 |
| 2 | Vanguard MStar Total Stk Mkt Idx Invest | 2.84% | 237K | $16.7M | — | August 31, 2026 |
| 3 | iShares Russell 2000 ETF | 2.62% | 219K | $15.4M | +3,504 (+1.6%) | September 30, 2026 |
| 4 | JHancock Regional Bank A | 1.59% | 133K | $9.4M | — | August 31, 2026 |
| 5 | BlackRock Advantage Small Cap Core Instl | 1.58% | 133K | $9.3M | — | August 31, 2026 |
| 6 | VT De Lisle America B USD | 1.12% | 94K | $6.6M | −200 (−0.2%) | September 30, 2026 |
| 7 | JH Financial Opportunities | 1.10% | 92K | $6.5M | — | August 31, 2026 |
| 8 | Fidelity Small Cap Index | 1.05% | 88K | $6.2M | +941 (+1.1%) | July 31, 2026 |
| 9 | DFA US Small Cap Value I | 1.03% | 86K | $6.1M | −14,864 (−14.8%) | August 31, 2026 |
| 10 | Tributary Small Company Instl | 1.02% | 85K | $6.0M | −1,743 (−2.0%) | September 30, 2026 |
| 11 | DFA US Targeted Value I | 0.92% | 77K | $5.4M | — | August 31, 2026 |
| 12 | iShares Russell 2000 Value ETF | 0.88% | 74K | $5.2M | +112 (+0.2%) | September 30, 2026 |
| 13 | State Street® SPDR® S&PRgnllBkgETF | 0.79% | 66K | $4.7M | +1,984 (+3.1%) | September 30, 2026 |
| 14 | Adara Smaller Companies | 0.66% | 55K | $3.9M | — | August 31, 2026 |
| 15 | Dimensional US Targeted Value ETF | 0.58% | 49K | $3.4M | — | September 30, 2026 |
| 16 | Vanguard Dividend Appreciation ETF | 0.57% | 47K | $3.3M | +11 (+0.0%) | September 30, 2026 |
| 17 | DFA US Small Cap I | 0.56% | 47K | $3.3M | — | August 31, 2026 |
| 18 | Vanguard Russell 2000 ETF | 0.56% | 47K | $3.3M | +610 (+1.3%) | September 30, 2026 |
| 19 | EA Bridgeway Omni Small-Cap Value ETF | 0.51% | 43K | $3.0M | — | September 30, 2026 |
| 20 | Federated Hermes MDT Small Cap Core IS | 0.47% | 39K | $2.8M | +4,318 (+12.3%) | June 30, 2026 |
Funds report holdings monthly or quarterly; dates differ by fund.
FBIZ insider transactions
latest 3| Date | Name | Transaction | Price | Shares | Value |
|---|---|---|---|---|---|
| 2025-11-07 | Kevin D Crampton | Buy | $51.40 | 71 | $3,649 |
| 2025-07-30 | Jason R Graham | Buy | $47.87 | 1,000 | $47,870 |
| 2025-07-30 | Ralph R Kauten | Buy | $47.80 | 10,000 | $478,000 |
Reported trades by company officers, directors and other filers (including disclosures by members of Congress where EODHD lists them). "—" where the filing gives no share count.
FBIZ shares outstanding
Year-end shares outstanding, adjusted for splits.
Who owns FBIZ
Institutional investors own 74.9% of First Business Financial Services's shares and insiders 4.84%. The largest holder is BlackRock Inc with 11.09% of the shares (928K), as of June 30, 2026. Among the top 20 institutions, 12 added shares and 8 reduced their stake in the latest filings. Short interest is 4.52% of the float, or 5.95 days of average trading volume. The share count fell 1.2% since 2014.
Related: FBIZ analyst forecast, FBIZ key metrics, FBIZ dividend history. See the FBIZ stock overview for the latest quote and news.
FBIZ ownership FAQ
Who owns the most First Business Financial Services stock?
The largest shareholders of First Business Financial Services are BlackRock Inc (11.09%), Dimensional Fund Advisors, Inc. (5.96%), Vanguard Capital Management, LLC (4.10%), First Business Financial Services Inc (4.07%), American Century Companies Inc (3.26%).
What percentage of First Business Financial Services is owned by institutions?
Institutions hold 74.9% of First Business Financial Services's shares outstanding; insiders hold 4.84%.
Which funds own First Business Financial Services?
The largest fund holders of First Business Financial Services are Avantis US Small Cap Value ETF (3.02%), Vanguard MStar Total Stk Mkt Idx Invest (2.84%), iShares Russell 2000 ETF (2.62%), JHancock Regional Bank A (1.59%), BlackRock Advantage Small Cap Core Instl (1.58%).
What is First Business Financial Services's short interest?
361K shares of First Business Financial Services were sold short, 4.52% of the float; at the average daily volume it would take 5.95 days to cover.
Are insiders buying or selling First Business Financial Services?
Of the latest 3 reported insider transactions in First Business Financial Services (since July 30, 2025), 3 were purchases and 0 were sales.
How many shares of First Business Financial Services are outstanding?
First Business Financial Services has 8.4M shares outstanding, of which 7.8M are in the public float.