Shares of First Busey Co. (NASDAQ:BUSE) have been assigned a consensus rating of “Hold” from the eight research firms that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $34.33.

Several equities research analysts have recently weighed in on the stock. BidaskClub raised shares of First Busey from a “hold” rating to a “buy” rating in a research report on Thursday, June 21st. B. Riley boosted their target price on shares of First Busey from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, June 19th. Keefe, Bruyette & Woods raised shares of First Busey from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 31st. Zacks Investment Research raised shares of First Busey from a “sell” rating to a “hold” rating in a research report on Monday, May 28th. Finally, FIG Partners reissued an “outperform” rating on shares of First Busey in a research report on Wednesday, July 25th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BUSE. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in shares of First Busey during the 1st quarter valued at about $208,000. Quantitative Systematic Strategies LLC bought a new stake in shares of First Busey during the 1st quarter valued at about $230,000. Prudential Financial Inc. grew its position in shares of First Busey by 17.9% during the 1st quarter. Prudential Financial Inc. now owns 52,282 shares of the bank’s stock valued at $1,554,000 after buying an additional 7,940 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of First Busey during the 1st quarter valued at about $653,000. Finally, State Board of Administration of Florida Retirement System grew its position in shares of First Busey by 24.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 21,717 shares of the bank’s stock valued at $689,000 after buying an additional 4,276 shares during the last quarter. 49.38% of the stock is owned by institutional investors.

BUSE stock traded down $0.02 during trading on Wednesday, reaching $31.83. The stock had a trading volume of 5,734 shares, compared to its average volume of 104,087. First Busey has a 1-year low of $27.35 and a 1-year high of $33.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.88 and a quick ratio of 0.87. The firm has a market capitalization of $1.55 billion, a P/E ratio of 19.80, a P/E/G ratio of 2.48 and a beta of 0.99.

First Busey (NASDAQ:BUSE) last released its earnings results on Tuesday, July 24th. The bank reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.02). The company had revenue of $83.17 million during the quarter, compared to the consensus estimate of $84.85 million. First Busey had a return on equity of 9.97% and a net margin of 21.51%. sell-side analysts anticipate that First Busey will post 2.14 EPS for the current year.

About First Busey

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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Analyst Recommendations for First Busey (NASDAQ:BUSE)

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