First Business Financial Services Inc (FBIZ) was Downgraded by Sandler O’Neill to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Sandler O’Neill advised their investors in a research report released on Aug 1, 2016.
First Business Financial Services Inc closed down -0.77 points or -3.15% at $23.71 with 22,912 shares getting traded on Friday. Post opening the session at $24.5, the shares hit an intraday low of $23.0201 and an intraday high of $24.5 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Jun 9, 2016, Corey A Chambas (President and CEO) sold 13,605 shares at $24.50 per share price. According to the SEC, 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.