Keefe Bruyette & Woods Maintains First Business Financial Services Inc to Outperform with Price Target $27.00

Brokerage firm Keefe Bruyette & Woods Maintains its rating on First Business Financial Services Inc(NASDAQ:FBIZ). In a research note issued to the investors, the brokerage major Lowers the price-target to $27.00 per share. The shares have been rated Outperform. The rating by Keefe Bruyette & Woods was issued on Aug 1, 2016.

First Business Financial Services Inc (FBIZ) remained unchanged at the close of Monday session. Even as the volume increased to 11,528 ,the shares failed to make any impression and ended at 0 points or 0.00% at $23.22. The trading session commenced at $22.69 and the stock hit a high of $23.44 and touched $22.69 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $27.35 and the 52-week low is $20.0601. The company has a market cap of $202 M and has approximately 87,03,942 outstanding shares.

First Business Financial Services Inc(FBIZ) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $21.56M. Analysts had an estimated revenue of $20.10M. Earnings per share were $0.43. Analysts had estimated an EPS of $0.51.

Several Insider Transactions has been reported to the SEC. On Jun 9, 2016, Corey A Chambas (President and CEO) sold 13,605 shares at $24.50 per share price.Also, On May 25, 2016, Jerome J Smith (director) sold 6,000 shares at $24.45 per share price.On May 17, 2016, David J Vetta (Pr/CEO First Bus. Bank Milw.) sold 5,500 shares at $24.10 per share price, according to the Form-4 filing with the securities and exchange commission.

First Business Financial Services Inc. (FBFS) is a bank holding company. The Company engages in the commercial banking business through three wholly owned bank subsidiaries First Business Bank (FBB) First Business Bank-Milwaukee and Alterra Bank (Alterra) (FBB and FBB-Milwaukee and together with FBB the Banks). The Banks offers a line of commercial banking products including commercial loans and commercial real estate loans and services to meet the needs of small- and medium-sized businesses business owners executives professionals and high net worth individuals. Its business lines include commercial lending asset-based financing equipment financing small business administration (SBA) lending treasury management services and trust and investment services. FBB’s subsidiaries also include Rimrock Road Investment Fund LLC (Rimrock) and First Madison Investment Corp. (FMIC). The Company’s subsidiary FBFS Statutory Trust II (Trust II) is a Delaware-based business trust.

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