Revenue Update on First Business Financial Services Inc(NASDAQ:FBIZ)

First Business Financial Services Inc(NASDAQ:FBIZ) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $21.56M. Analysts estimated a revenue of $20.10M. Earnings per share were $0.43. Analysts had estimated an EPS of $0.51.

First Business Financial Services Inc (FBIZ) made into the market gainers list on Thursdays trading session with the shares advancing 0.80% or 0.18 points. Due to strong positive momentum, the stock ended at $22.77, which is also near the day’s high of $22.8. The stock began the session at $22.65 and the volume stood at 67,419 shares. The 52-week high of the shares is $27.35 and the 52 week low is $20.0601. The company has a current market capitalization of $198 M and it has 87,00,172 shares in outstanding.

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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