Keefe, Bruyette & Woods Doesn't Expect Chief Accounting Officer's Resignation to Affect First Business Financial Services

In a report published Friday, Keefe, Bruyette & Woods analyst Damon DelMonte reiterated an Outperform rating and $56.00 price target on

. In the report, Keefe, Bruyette & Woods noted, “FBIZ announced Tuesday afternoon that current Chief Accounting Officer Shauna Gnorski, intends to resign from her position effective March 13, 2015. Although Ms. Gnorksi represents the second member of the executive team to announce their resignation this year (CFO Jim Ropella being the other); both decisions appear to revolve around personal reasons and should not reflect on the company's business momentum and overall strategic direction, in our view.” First Business Financial Services closed on Wednesday at $46.33.