First Busey (BUSE) to Release Quarterly Earnings on Wednesday

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.

TRADEMARK VIOLATION NOTICE: This piece of content was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/01/17/first-busey-buse-to-release-quarterly-earnings-on-wednesday.html.

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.

Earnings History for First Busey (NASDAQ:BUSE)

Receive News & Ratings for First Busey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Busey and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply