First Busey Co. (NASDAQ:BUSE) – Stock analysts at B. Riley decreased their Q1 2018 earnings per share estimates for shares of First Busey in a note issued to investors on Tuesday. B. Riley analyst S. Moss now expects that the bank will post earnings per share of $0.52 for the quarter, down from their prior estimate of $0.55. B. Riley currently has a “Buy” rating and a $35.00 price target on the stock. B. Riley also issued estimates for First Busey’s Q2 2018 earnings at $0.57 EPS, Q3 2018 earnings at $0.57 EPS, Q4 2018 earnings at $0.60 EPS, FY2018 earnings at $2.25 EPS, Q1 2019 earnings at $0.58 EPS, Q2 2019 earnings at $0.59 EPS, Q3 2019 earnings at $0.60 EPS, Q4 2019 earnings at $0.64 EPS and FY2019 earnings at $2.40 EPS.

First Busey (NASDAQ:BUSE) last announced its quarterly earnings data on Tuesday, January 30th. The bank reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.05). The firm had revenue of $86.61 million for the quarter, compared to analysts’ expectations of $82.39 million. First Busey had a net margin of 20.31% and a return on equity of 10.75%.

A number of other equities analysts have also recently commented on BUSE. FBR & Co reaffirmed a “neutral” rating and issued a $34.00 price target (up from $32.00) on shares of First Busey in a research note on Wednesday, October 25th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $32.00 price target on shares of First Busey in a research note on Thursday, October 26th. Zacks Investment Research raised First Busey from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. ValuEngine cut First Busey from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, BidaskClub cut First Busey from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $33.60.

First Busey (NASDAQ BUSE) opened at $29.67 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.93 and a quick ratio of 0.90. The company has a market capitalization of $1,430.36, a P/E ratio of 17.28, a price-to-earnings-growth ratio of 2.19 and a beta of 1.03. First Busey has a 12 month low of $27.33 and a 12 month high of $32.88.

The business also recently declared a quarterly dividend, which was paid on Friday, February 2nd. Shareholders of record on Friday, January 26th were paid a $0.20 dividend. This is a boost from First Busey’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Thursday, January 25th. First Busey’s payout ratio is 54.05%.

Several institutional investors and hedge funds have recently bought and sold shares of BUSE. BlackRock Inc. increased its stake in shares of First Busey by 8.5% during the fourth quarter. BlackRock Inc. now owns 2,529,982 shares of the bank’s stock valued at $75,747,000 after buying an additional 198,311 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of First Busey by 444.1% during the second quarter. Goldman Sachs Group Inc. now owns 218,196 shares of the bank’s stock valued at $6,397,000 after buying an additional 178,093 shares during the period. MPS Loria Financial Planners LLC purchased a new position in shares of First Busey during the second quarter valued at approximately $3,194,000. Dimensional Fund Advisors LP increased its stake in shares of First Busey by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,784,688 shares of the bank’s stock valued at $52,328,000 after buying an additional 86,789 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of First Busey by 17.5% during the second quarter. Renaissance Technologies LLC now owns 487,500 shares of the bank’s stock valued at $14,294,000 after buying an additional 72,600 shares during the period. 46.12% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Earnings History and Estimates for First Busey (NASDAQ:BUSE)

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