First Busey (NASDAQ:BUSE) had its price objective lifted by B. Riley from $35.00 to $36.00 in a research note published on Tuesday morning. B. Riley currently has a buy rating on the bank’s stock. B. Riley also issued estimates for First Busey’s Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.59 EPS, FY2018 earnings at $2.18 EPS, Q1 2019 earnings at $0.57 EPS, Q3 2019 earnings at $0.59 EPS, Q4 2019 earnings at $0.63 EPS and FY2019 earnings at $2.38 EPS.
Several other equities analysts have also commented on BUSE. Zacks Investment Research lowered First Busey from a buy rating to a hold rating in a research report on Tuesday, February 27th. BidaskClub raised First Busey from a hold rating to a buy rating in a research report on Tuesday, April 24th. Finally, Keefe, Bruyette & Woods raised First Busey from a market perform rating to an outperform rating in a research report on Wednesday, May 16th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $33.80.
Shares of First Busey stock opened at $32.98 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 2.50 and a beta of 1.08. First Busey has a 12 month low of $27.33 and a 12 month high of $33.22.
First Busey (NASDAQ:BUSE) last announced its quarterly earnings data on Tuesday, April 24th. The bank reported $0.45 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.07). The firm had revenue of $82.24 million for the quarter, compared to analysts’ expectations of $84.98 million. First Busey had a net margin of 20.74% and a return on equity of 9.93%. sell-side analysts anticipate that First Busey will post 2.19 EPS for the current year.
Large investors have recently modified their holdings of the company. Segall Bryant & Hamill LLC increased its holdings in shares of First Busey by 8.8% during the fourth quarter. Segall Bryant & Hamill LLC now owns 235,177 shares of the bank’s stock valued at $7,041,000 after acquiring an additional 18,944 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of First Busey by 1.0% during the fourth quarter. Bank of New York Mellon Corp now owns 430,761 shares of the bank’s stock valued at $12,897,000 after acquiring an additional 4,121 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of First Busey by 8.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 29,994 shares of the bank’s stock valued at $899,000 after acquiring an additional 2,233 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of First Busey during the fourth quarter valued at $397,000. Finally, Renaissance Technologies LLC increased its holdings in shares of First Busey by 4.1% during the fourth quarter. Renaissance Technologies LLC now owns 575,133 shares of the bank’s stock valued at $17,219,000 after acquiring an additional 22,800 shares in the last quarter. Hedge funds and other institutional investors own 48.14% of the company’s stock.
First Busey Company Profile
First Busey Corporation operates as the bank holding company for Busey Bank that provides retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. The company operates in three segments: Banking, Remittance Processing, and Wealth Management.
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.