Keefe, Bruyette & Woods reiterated their hold rating on shares of First Busey Corporation (NASDAQ:BUSE) in a research note released on Friday, May 26th. Keefe, Bruyette & Woods currently has a $31.00 price objective on the bank’s stock.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised First Busey Corporation from a hold rating to a buy rating and set a $33.00 price objective for the company in a report on Monday, March 13th. FBR & Co reissued a market perform rating and issued a $32.00 price objective on shares of First Busey Corporation in a report on Monday, January 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $32.00.
First Busey Corporation (NASDAQ BUSE) traded down 2.00% during midday trading on Friday, reaching $29.45. 82,463 shares of the company were exchanged. First Busey Corporation has a one year low of $20.05 and a one year high of $32.22. The firm’s 50-day moving average is $29.46 and its 200-day moving average is $29.83. The firm has a market cap of $1.13 billion, a P/E ratio of 20.55 and a beta of 0.99.
First Busey Corporation (NASDAQ:BUSE) last released its quarterly earnings data on Tuesday, April 25th. The bank reported $0.41 EPS for the quarter, meeting the consensus estimate of $0.41. The company had revenue of $62.03 million during the quarter, compared to the consensus estimate of $62.83 million. First Busey Corporation had a return on equity of 10.25% and a net margin of 21.05%. On average, equities analysts expect that First Busey Corporation will post $1.71 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its stake in shares of First Busey Corporation by 0.3% in the first quarter. Wellington Management Group LLP now owns 2,601,325 shares of the bank’s stock worth $76,479,000 after buying an additional 8,500 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of First Busey Corporation by 4.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,697,899 shares of the bank’s stock worth $49,918,000 after buying an additional 71,916 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of First Busey Corporation by 7.8% in the first quarter. Vanguard Group Inc. now owns 1,457,492 shares of the bank’s stock worth $42,850,000 after buying an additional 105,803 shares during the last quarter. Columbia Wanger Asset Management LLC raised its stake in shares of First Busey Corporation by 9.4% in the first quarter. Columbia Wanger Asset Management LLC now owns 848,002 shares of the bank’s stock worth $24,931,000 after buying an additional 72,513 shares during the last quarter. Finally, Thomson Horstmann & Bryant Inc. raised its position in First Busey Corporation by 32.5% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 576,033 shares of the bank’s stock worth $16,935,000 after buying an additional 141,364 shares in the last quarter. Hedge funds and other institutional investors own 51.91% of the company’s stock.
First Busey Corporation Company Profile
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.
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