First Busey (BUSE) Stock Rating Reaffirmed by Piper Jaffray Companies

Piper Jaffray Companies reaffirmed their hold rating on shares of First Busey (NASDAQ:BUSE) in a research report report published on Tuesday morning. The firm currently has a $33.00 price objective on the bank’s stock.

BUSE has been the subject of several other reports. Zacks Investment Research cut First Busey from a buy rating to a hold rating in a report on Tuesday, October 3rd. Keefe, Bruyette & Woods reiterated a hold rating and issued a $32.00 target price on shares of First Busey in a report on Thursday, October 26th. ValuEngine lowered First Busey from a buy rating to a hold rating in a research report on Friday, November 10th. BidaskClub lowered First Busey from a buy rating to a hold rating in a research report on Thursday, December 7th. Finally, FBR & Co reissued a neutral rating and issued a $34.00 price target (up from $32.00) on shares of First Busey in a research report on Wednesday, October 25th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. First Busey currently has an average rating of Hold and an average target price of $33.25.

Shares of First Busey (NASDAQ BUSE) traded down $0.05 during mid-day trading on Tuesday, hitting $32.18. The company’s stock had a trading volume of 108,920 shares, compared to its average volume of 150,536. First Busey has a twelve month low of $27.33 and a twelve month high of $32.88. The stock has a market cap of $1,570.00, a PE ratio of 21.17, a price-to-earnings-growth ratio of 2.42 and a beta of 0.99. The company has a quick ratio of 0.90, a current ratio of 0.93 and a debt-to-equity ratio of 0.27.

In other news, Director George Barr sold 14,492 shares of the business’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $31.30, for a total value of $453,599.60. Following the completion of the transaction, the director now directly owns 64,088 shares of the company’s stock, valued at approximately $2,005,954.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 9.60% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of First Busey by 2.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,823,493 shares of the bank’s stock worth $57,185,000 after acquiring an additional 38,805 shares in the last quarter. Vanguard Group Inc. raised its position in shares of First Busey by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,476,846 shares of the bank’s stock worth $43,301,000 after acquiring an additional 19,354 shares in the last quarter. Northern Trust Corp raised its position in shares of First Busey by 3.8% in the 2nd quarter. Northern Trust Corp now owns 712,793 shares of the bank’s stock worth $20,899,000 after acquiring an additional 26,024 shares in the last quarter. State Street Corp increased its position in First Busey by 4.4% during the 2nd quarter. State Street Corp now owns 585,996 shares of the bank’s stock valued at $17,184,000 after buying an additional 24,499 shares in the last quarter. Finally, Thomson Horstmann & Bryant Inc. increased its position in First Busey by 11.1% during the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 518,580 shares of the bank’s stock valued at $15,526,000 after buying an additional 51,810 shares in the last quarter. 46.09% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: This report was first reported by Markets Daily and is the sole property of of Markets Daily. If you are accessing this report on another site, it was stolen and reposted in violation of international copyright & trademark law. The original version of this report can be read at https://www.themarketsdaily.com/2018/01/13/first-busey-buse-stock-rating-reaffirmed-by-piper-jaffray-companies.html.

About First Busey

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.

Latest News

Leave a Reply