First Busey (BUSE) – Investment Analysts’ Recent Ratings Changes

First Busey (NASDAQ: BUSE) has recently received a number of price target changes and ratings updates:

  • 10/18/2018 – First Busey was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “First Busey Corporation is a financial holding company located in Urbana, Illinois. First Busey is engaged primarily in commercial, retail and correspondent banking and provides trust services, insurance services, and travel services. “
  • 10/17/2018 – First Busey was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “buy” rating. They now have a $33.00 price target on the stock. According to Zacks, “First Busey Corporation is a financial holding company located in Urbana, Illinois. First Busey is engaged primarily in commercial, retail and correspondent banking and provides trust services, insurance services, and travel services. “
  • 10/15/2018 – First Busey was given a new $36.00 price target on by analysts at B. Riley. They now have a “buy” rating on the stock.
  • 10/11/2018 – First Busey was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 10/3/2018 – First Busey was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “First Busey Corporation is a financial holding company located in Urbana, Illinois. First Busey is engaged primarily in commercial, retail and correspondent banking and provides trust services, insurance services, and travel services. “
  • 9/25/2018 – First Busey was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “First Busey Corporation is a financial holding company located in Urbana, Illinois. First Busey is engaged primarily in commercial, retail and correspondent banking and provides trust services, insurance services, and travel services. “
  • 9/20/2018 – First Busey was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Shares of NASDAQ:BUSE traded down $0.21 during trading on Friday, hitting $28.87. The stock had a trading volume of 4,747 shares, compared to its average volume of 160,261. First Busey Co. has a 12 month low of $28.34 and a 12 month high of $33.25. The firm has a market capitalization of $1.45 billion, a P/E ratio of 17.93, a P/E/G ratio of 2.32 and a beta of 0.97. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.87 and a current ratio of 0.88.

First Busey (NASDAQ:BUSE) last announced its earnings results on Tuesday, July 24th. The bank reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.02). First Busey had a return on equity of 9.97% and a net margin of 21.51%. The firm had revenue of $83.17 million during the quarter, compared to the consensus estimate of $84.85 million. On average, equities analysts forecast that First Busey Co. will post 2.14 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 26th. Stockholders of record on Friday, October 19th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Thursday, October 18th. First Busey’s dividend payout ratio is currently 49.69%.

Several large investors have recently made changes to their positions in the company. Deprince Race & Zollo Inc. raised its position in shares of First Busey by 401.9% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 940,676 shares of the bank’s stock worth $29,208,000 after acquiring an additional 753,254 shares in the last quarter. United Services Automobile Association increased its position in First Busey by 26.6% during the 2nd quarter. United Services Automobile Association now owns 461,927 shares of the bank’s stock valued at $14,652,000 after buying an additional 96,930 shares in the last quarter. Northern Trust Corp increased its position in First Busey by 3.2% during the 2nd quarter. Northern Trust Corp now owns 804,481 shares of the bank’s stock valued at $25,518,000 after buying an additional 24,820 shares in the last quarter. Bank of New York Mellon Corp increased its position in First Busey by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 286,354 shares of the bank’s stock valued at $9,083,000 after buying an additional 5,432 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in First Busey by 3.5% during the 2nd quarter. California Public Employees Retirement System now owns 71,171 shares of the bank’s stock valued at $2,258,000 after buying an additional 2,407 shares in the last quarter. 50.24% of the stock is owned by hedge funds and other institutional investors.

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.

Recommended Story: Conference Calls

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

Leave a Reply