BidaskClub upgraded shares of First Busey (NASDAQ:BUSE) from a sell rating to a hold rating in a research note issued to investors on Monday, February 5th.
BUSE has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of First Busey from a hold rating to a buy rating and set a $34.00 target price on the stock in a research note on Monday, January 1st. FBR & Co restated a neutral rating and set a $34.00 target price (up previously from $32.00) on shares of First Busey in a research note on Wednesday, October 25th. Piper Jaffray Companies restated a hold rating and set a $33.00 target price on shares of First Busey in a research note on Tuesday, January 9th. ValuEngine lowered shares of First Busey from a buy rating to a hold rating in a research report on Friday, November 10th. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and set a $32.00 price target on shares of First Busey in a research report on Thursday, October 26th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $33.60.
First Busey (BUSE) opened at $29.60 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.90 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1,444.48, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 2.22 and a beta of 1.03. First Busey has a 1 year low of $27.33 and a 1 year high of $32.88.
First Busey (NASDAQ:BUSE) last announced its quarterly earnings results on Tuesday, January 30th. The bank reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.05). The firm had revenue of $86.61 million during the quarter, compared to the consensus estimate of $82.39 million. First Busey had a return on equity of 10.75% and a net margin of 20.31%. equities research analysts predict that First Busey will post 2.23 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, February 2nd. Investors of record on Friday, January 26th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.70%. This is a positive change from First Busey’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Thursday, January 25th. First Busey’s dividend payout ratio is currently 54.05%.
A number of institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc increased its holdings in First Busey by 8.7% in the 2nd quarter. Legal & General Group Plc now owns 7,995 shares of the bank’s stock worth $235,000 after acquiring an additional 639 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in First Busey by 3.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,480 shares of the bank’s stock valued at $718,000 after buying an additional 787 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in First Busey by 1.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 155,566 shares of the bank’s stock valued at $4,562,000 after buying an additional 1,661 shares in the last quarter. American International Group Inc. grew its holdings in First Busey by 7.9% during the 4th quarter. American International Group Inc. now owns 27,442 shares of the bank’s stock valued at $822,000 after buying an additional 2,005 shares in the last quarter. Finally, Citigroup Inc. grew its holdings in First Busey by 45.5% during the 2nd quarter. Citigroup Inc. now owns 6,422 shares of the bank’s stock valued at $188,000 after buying an additional 2,009 shares in the last quarter. 45.94% of the stock is owned by institutional investors.
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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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