What is FBIZ's dilution risk score?

FBIZ has a latest available DilutionScore record of 25/100, categorized as low dilution risk by the DilutionWatch scoring model. DilutionWatch displays SEC filing and dilution indicators for FBIZ, including shelf registrations, ATM offerings, warrant exercises, PIPE deals, and reverse split signals when detected in source data.

What SEC filings does DilutionWatch track for FBIZ?

DilutionWatch tracks 25 SEC filing types for FBIZ including S-3 shelf registrations, 424B prospectuses (ATM offerings), S-1 registration statements, 8-K material events, warrant exercise notices, convertible note agreements, and Form 4 insider transactions. Alerts are delivered via email within minutes of a filing appearing on EDGAR.

How does stock dilution affect FBIZ shareholders?

Stock dilution occurs when a company issues new shares, reducing the ownership percentage of existing shareholders. For FBIZ, common dilution events include at-the-market (ATM) stock offerings, shelf registration drawdowns, warrant exercises, and convertible note conversions. Each event increases the share count and can pressure the stock price lower.

Is DilutionWatch free for FBIZ tracking?

DilutionWatch provides a free tier that shows DilutionScores and basic filing history for FBIZ. Premium plans ($19.95/month Basic, $39.95/month Premium) unlock real-time email alerts, the full Pulse™ feed, advanced dilution forecasts, and access to all 10,000+ tracked tickers.

FBIZ Dilution Risk Score: 25/100 (LOW)

Score Breakdown

📋 Offering Ability

💰Cash Runway—

📊 Float Risk

⚠️ Warrant Exposure

🔄 Convertible Debt

Dilution Forecast

⛅

Watch

Minor dilution signals detected

model est. 10%

💰 Capital Raise model 20%

• Active shelf registration ($100M, 17% of market cap)

🔔 Track FBIZ — Get forecast alerts →

Market Data

Market Cap$587.04M

Shares Outstanding8.37M

Float7.82M

Cash$163.36M

Debt$37.25M

Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

Field	Current Value	Basis
DilutionScore	25/100	DilutionWatch score record
Shares Outstanding	8.37M	Verified float table or market cache
Public Float	7.82M	Verified float table or market cache
Market Cap	$587.04M	Market data cache
Cash Runway	Not applicable / unavailable	DilutionWatch score inputs
Shelf Capacity	$100.00M	SEC-derived dilution fields
ATM Capacity	None in current score inputs	SEC-derived dilution fields
Outstanding Warrants	None in current score inputs	SEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 5.

Recent SEC source mix: 4 3, FORM 4 2.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

QoQ: ↑ 13.1% shares (2026Q1 vs prior)

143 institutional holders · 6.56M shares

#1 BlackRock, Inc. 870.2K shares

#2 VANGUARD CAPITAL MANAGEMENT LLC 681.1K shares

#3 DIMENSIONAL FUND ADVISORS LP 499.7K shares

+ 17 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest361.4K

Days to Cover5.0

% of Float4.6%

FINRA data as of Sep 30, 2026

Recent SEC Activity

Form 4 INSIDER TRANSACTION 2026-08-27

Form 4 INSIDER TRANSACTION 2026-08-16

4 INSIDER TRANSACTION 2026-04-14

Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual FBIZ Dilution Snapshot

First Business Financial Services, Inc. (FBIZ) has a DilutionScore of 25/100, rated Low dilution risk. Score date: October 13, 2026.

Stored shelf registration capacity: $100.0M.
Recent SEC activity tracked for FBIZ: Form 4 on 2026-08-27; Form 4 on 2026-08-16; 4 on 2026-04-14.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

FBIZ's DilutionScore is currently 25/100 (Low risk), with 1 score change tracked over 89 days. The score improved from 24/100 (Low risk).

Period	Score	Risk Level	Duration
Aug 22 – Oct 13, 2026	25/100	LOW	53 days
Jul 16 – Aug 21, 2026	24/100	LOW	36 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

FBIZ shares outstanding have increased 0.2% from 8.34M (Apr 2026) to 8.36M (May 2026). Each increase represents potential dilution to existing shareholders.

Date	Shares Outstanding	Public Float	Change
May 22, 2026	8.36M	7.82M	▼ 0.10%
Apr 27, 2026	8.34M	7.83M	▲ 0.24%
Apr 26, 2026	8.34M	7.81M	▼ 0.35%
Apr 15, 2026	8.34M	7.84M	▼ 0.20%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

Track FBIZ Dilution Risk in Real-Time

DilutionWatch monitors SEC filings 24/7 and alerts you the moment FBIZ files a shelf registration, ATM offering, warrant notice, or convertible note. Free tier available — no credit card required.

Start Tracking FBIZ — Free

Email alert within minutes of any SEC filing Daily DilutionScore™ recalculation Score history & trend tracking Tracks 8,000+ tickers simultaneously