First Business Financial Services Inc. Acquires 1,000 Shares of Weyco Group, Inc. (NASDAQ:WEYS)

First Business Financial Services Inc. lifted its holdings in shares of Weyco Group, Inc. (NASDAQ:WEYS) by 8.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,096 shares of the textile maker’s stock after purchasing an additional 1,000 shares during the period. First Business Financial Services Inc. owned 0.14% of Weyco Group worth $446,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of WEYS. Dimensional Fund Advisors LP grew its stake in shares of Weyco Group by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 558,954 shares of the textile maker’s stock valued at $16,947,000 after buying an additional 8,930 shares during the period. Vanguard Group Inc. raised its holdings in Weyco Group by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 339,323 shares of the textile maker’s stock valued at $10,818,000 after acquiring an additional 2,799 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Weyco Group by 2.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 89,620 shares of the textile maker’s stock valued at $2,717,000 after purchasing an additional 2,190 shares during the period. Empowered Funds LLC boosted its stake in Weyco Group by 21.5% in the 1st quarter. Empowered Funds LLC now owns 31,960 shares of the textile maker’s stock worth $1,019,000 after purchasing an additional 5,656 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Weyco Group by 4.9% in the 2nd quarter. Renaissance Technologies LLC now owns 27,726 shares of the textile maker’s stock worth $841,000 after purchasing an additional 1,300 shares during the period. 23.59% of the stock is currently owned by institutional investors and hedge funds.

Weyco Group Stock Up 1.3 %

NASDAQ:WEYS opened at $37.82 on Friday. Weyco Group, Inc. has a twelve month low of $26.06 and a twelve month high of $41.05. The stock has a market cap of $358.91 million, a P/E ratio of 12.52 and a beta of 0.71. The business’s 50-day moving average price is $34.21 and its two-hundred day moving average price is $32.14.

Weyco Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, November 18th will be paid a $2.26 dividend. This represents a $9.04 dividend on an annualized basis and a yield of 23.90%. The ex-dividend date of this dividend is Monday, November 18th. This is a boost from Weyco Group’s previous quarterly dividend of $0.26. Weyco Group’s payout ratio is currently 34.44%.

Insider Buying and Selling

In other Weyco Group news, insider Damian Walton sold 1,340 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $32.50, for a total transaction of $43,550.00. Following the completion of the sale, the insider now directly owns 7,030 shares in the company, valued at $228,475. This represents a 16.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Allison Woss sold 1,463 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $37.81, for a total value of $55,316.03. Following the sale, the vice president now owns 7,623 shares of the company’s stock, valued at $288,225.63. This represents a 16.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,509 shares of company stock worth $194,780. Corporate insiders own 38.90% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Weyco Group from a “buy” rating to a “strong-buy” rating in a research note on Friday.

Weyco Group Profile

Weyco Group, Inc designs and distributes footwear for men, women, and children. It operates in two segments, North American Wholesale Operations and North American Retail Operations. The company offers mid-priced leather dress shoes and casual footwear of man-made materials and leather; and outdoor boots, shoes, and sandals under the Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake brands.