First Busey Corp. (BUSE) Reaches New 52-Week High at $23.05
First Busey Corp. (NASDAQ:BUSE)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $23.05 and last traded at $22.90, with a volume of 22,426 shares traded. The stock had previously closed at $22.75.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of First Busey Corp. from a “hold” rating to a “sell” rating in a research note on Friday, April 15th. DA Davidson started coverage on shares of First Busey Corp. in a research note on Thursday, April 7th. They set a “buy” rating and a $23.00 target price on the stock. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $22.00.
The firm has a 50-day moving average of $21.75 and a 200 day moving average of $20.38. The firm has a market cap of $869.35 million and a PE ratio of 16.05.
First Busey Corp. (NASDAQ:BUSE) last posted its earnings results on Tuesday, April 26th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. On average, equities analysts expect that First Busey Corp. will post $1.51 earnings per share for the current fiscal year.
In other First Busey Corp. news, Director David J. Downey purchased 7,500 shares of the company’s stock in a transaction dated Monday, May 2nd. The shares were acquired at an average price of $20.60 per share, for a total transaction of $154,500.00. Following the completion of the purchase, the director now owns 190,899 shares of the company’s stock, valued at $3,932,519.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
Other large investors have modified their holdings of the company. Russell Frank Co raised its stake in shares of First Busey Corp. by 26.3% in the fourth quarter. Russell Frank Co now owns 53,251 shares of the company’s stock worth $1,119,000 after buying an additional 11,100 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of First Busey Corp. by 39.4% in the fourth quarter. Nationwide Fund Advisors now owns 114,585 shares of the company’s stock worth $2,364,000 after buying an additional 32,411 shares during the last quarter. LSV Asset Management raised its stake in shares of First Busey Corp. by 134.7% in the fourth quarter. LSV Asset Management now owns 97,644 shares of the company’s stock worth $2,014,000 after buying an additional 56,045 shares during the last quarter. Morgan Stanley raised its stake in shares of First Busey Corp. by 16.7% in the fourth quarter. Morgan Stanley now owns 158,094 shares of the company’s stock worth $3,262,000 after buying an additional 22,655 shares during the last quarter. Finally, Bailard Inc. acquired a new stake in shares of First Busey Corp. during the fourth quarter worth $1,264,000.
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 at multiple locations in Illinois, Florida, Indiana and Missouri. First Busey has a bank subsidiary, Busey Bank (the Bank). It operates through three segments: Banking, Remittance Processing and Wealth Management.
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