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

  • 6/21/2018 – First Busey was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/19/2018 – First Busey had its price target raised by analysts at B. Riley from $35.00 to $36.00. They now have a “buy” rating on the stock.
  • 6/13/2018 – First Busey was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/2/2018 – First Busey was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 5/31/2018 – First Busey was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating.
  • 5/28/2018 – 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. “
  • 5/16/2018 – First Busey was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating.
  • 5/3/2018 – First Busey was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 4/30/2018 – 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. “
  • 4/24/2018 – First Busey was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

NASDAQ BUSE traded down $0.15 during trading on Thursday, reaching $32.88. 161,957 shares of the company’s stock traded hands, compared to its average volume of 123,342. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. First Busey Co. has a 12-month low of $27.33 and a 12-month high of $33.22.

First Busey (NASDAQ:BUSE) last posted its earnings results on Tuesday, April 24th. The bank reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.07). The business had revenue of $82.24 million for the quarter, compared to analysts’ expectations of $84.98 million. First Busey had a net margin of 20.74% and a return on equity of 9.93%. equities analysts expect that First Busey Co. will post 2.19 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. boosted its holdings in shares of First Busey by 2.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 196,005 shares of the bank’s stock valued at $5,869,000 after buying an additional 4,875 shares in the last quarter. US Bancorp DE boosted its holdings in shares of First Busey by 168.6% in the 4th quarter. US Bancorp DE now owns 11,678 shares of the bank’s stock valued at $349,000 after buying an additional 7,331 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of First Busey in the 4th quarter valued at about $397,000. First Trust Advisors LP boosted its holdings in shares of First Busey by 40.0% in the 4th quarter. First Trust Advisors LP now owns 113,035 shares of the bank’s stock valued at $3,384,000 after buying an additional 32,309 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of First Busey by 29.7% in the 4th quarter. Wells Fargo & Company MN now owns 66,085 shares of the bank’s stock valued at $1,979,000 after buying an additional 15,122 shares in the last quarter. 48.14% of the stock is currently owned by institutional investors and hedge funds.

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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