First Busey (NASDAQ:BUSE) Upgraded by BidaskClub to Hold

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.

TRADEMARK VIOLATION NOTICE: This piece of content was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another site, it was stolen and republished in violation of U.S. and international copyright legislation. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/02/13/first-busey-buse-upgraded-by-bidaskclub-to-hold.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.

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