First Business Financial Services, Inc. (NASDAQ:FBIZ) Shares Sold by Barclays PLC

First Business Financial Services, Inc. (FBFS) is a publicly traded company listed on The NASDAQ Global Select Market under the symbol NASDAQFBIZ. On August 18, 2021, it was announced that Barclays PLC, a multinational investment bank and financial services company headquartered in London, England, had sold approximately 3.7 million shares of FBFS common stock for an aggregate purchase price of $45.9 million.

FBFS is a leading provider of specialized financial services to small and mid-sized businesses (SMBs) in the United States. The company offers a range of products and services, including commercial banking, treasury management, merchant services, and payment processing solutions. FBFS operates through its wholly owned subsidiary, First Business Bank, which is headquartered in San Antonio, Texas.

Barclays PLC is one of the largest and most respected financial institutions in the world, with operations in over 190 countries and territories. The company provides a wide range of products and services to individuals, businesses, and governments, including investment banking, retail banking, credit cards, and insurance.

The sale of FBFS shares by Barclays PLC represents a strategic decision by the bank to divest itself of its stake in the company. It is not clear why Barclays PLC decided to sell its shares at this time, but it may be due to changes in the bank's investment strategy or the performance of FBFS.

It is important to note that the sale of FBFS shares by Barclays PLC does not necessarily reflect any change in the company's financial health or future prospects. FBFS remains a strong and growing business, with a solid track record of profitability and growth. The company continues to invest in its products and services, and is well-positioned to capitalize on the growing demand for specialized financial services among SMBs in the United States.