First Busey (NASDAQ:BUSE) is scheduled to be announcing its earnings results after the market closes on Wednesday, January 24th. Analysts expect the company to announce earnings of $0.46 per share for the quarter.
First Busey (NASDAQ:BUSE) last released its quarterly earnings data on Tuesday, October 24th. The bank reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). First Busey had a net margin of 22.02% and a return on equity of 10.42%. On average, analysts expect First Busey to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of First Busey (BUSE) opened at $31.87 on Wednesday. The firm has a market cap of $1,550.00, a PE ratio of 20.97, a price-to-earnings-growth ratio of 2.42 and a beta of 0.99. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.90 and a current ratio of 0.93. First Busey has a 12 month low of $27.33 and a 12 month high of $32.88.
In other news, Director George Barr sold 14,492 shares of First Busey stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $31.30, for a total value of $453,599.60. Following the completion of the sale, the director now directly owns 64,088 shares in the company, valued at $2,005,954.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 9.60% of the company’s stock.
A number of analysts have weighed in on BUSE shares. BidaskClub upgraded shares of First Busey from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Zacks Investment Research upgraded shares of First Busey from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Monday, January 1st. Piper Jaffray Companies reiterated a “hold” rating and issued a $33.00 price target on shares of First Busey in a research note on Tuesday, January 9th. FBR & Co reiterated a “neutral” rating and issued a $34.00 price target (up from $32.00) on shares of First Busey in a research note on Wednesday, October 25th. Finally, ValuEngine lowered shares of First Busey from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.25.
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First Busey Company Profile
First Busey Corporation (First Busey) is a financial holding company. The Company offers a range of financial services through its banking and non-banking subsidiaries. The Company operates through three segments: Banking, Remittance Processing and Wealth Management. The Banking segment provides a range of banking services to individual and corporate customers through its branch network in downstate Illinois, St.
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