First Busey (NASDAQ:BUSE) had its price target hoisted by B. Riley from $35.00 to $36.00 in a report issued on Tuesday, June 19th. They currently have 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.
A number of other research analysts have also recently commented on BUSE. Zacks Investment Research cut First Busey from a buy rating to a hold rating in a report on Tuesday, February 27th. BidaskClub raised First Busey from a hold rating to a buy rating in a report on Tuesday, April 24th. Finally, Keefe, Bruyette & Woods raised First Busey from a market perform rating to an outperform rating in a report on Wednesday, May 16th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. First Busey presently has a consensus rating of Hold and an average price target of $33.80.
NASDAQ BUSE opened at $31.72 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.89 and a current ratio of 0.89. First Busey has a 12 month low of $27.33 and a 12 month high of $33.22. The company has a market capitalization of $1.56 billion, a P/E ratio of 17.74, a price-to-earnings-growth ratio of 2.43 and a beta of 1.08.
First Busey (NASDAQ:BUSE) last posted its quarterly earnings results on Tuesday, April 24th. The bank reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.07). First Busey had a return on equity of 9.93% and a net margin of 20.74%. The business had revenue of $82.24 million during the quarter, compared to analysts’ expectations of $84.98 million. equities analysts forecast that First Busey will post 2.19 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd raised its holdings in shares of First Busey by 34.3% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 22,385 shares of the bank’s stock worth $665,000 after acquiring an additional 5,719 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of First Busey during the 1st quarter worth approximately $653,000. Xact Kapitalforvaltning AB raised its holdings in shares of First Busey by 67.5% during the 1st quarter. Xact Kapitalforvaltning AB now owns 13,395 shares of the bank’s stock worth $398,000 after acquiring an additional 5,400 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of First Busey by 13.0% during the 1st quarter. Royal Bank of Canada now owns 134,350 shares of the bank’s stock worth $3,993,000 after acquiring an additional 15,495 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of First Busey during the 1st quarter worth approximately $208,000. 48.14% of the stock is currently owned by institutional investors and hedge funds.
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.
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