Headlines about First Busey Corporation (NASDAQ:BUSE) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Busey Corporation earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 45.8509971653986 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern’s rankings:
- Analysts Expect First Busey Corporation (BUSE) Will Post Quarterly Sales of $76.94 Million (americanbankingnews.com)
- First Busey Corporation (BUSE) Expected to Announce Earnings of $0.46 Per Share (americanbankingnews.com)
- Director of First Busey Corporation (NASDAQ:BUSE), Stewart Jon D, buys 280 shares worth $8,893 (empowerednews.net)
- First Busey Corporation (BUSE) to Post Q3 2017 Earnings of $0.47 Per Share, DA Davidson Forecasts (americanbankingnews.com)
BUSE has been the subject of a number of research analyst reports. Piper Jaffray Companies set a $32.00 target price on shares of First Busey Corporation and gave the company a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research raised shares of First Busey Corporation from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Monday, October 2nd. Finally, BidaskClub cut shares of First Busey Corporation from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $32.50.
Shares of First Busey Corporation (BUSE) traded up 0.28% on Wednesday, reaching $32.09. 99,446 shares of the company’s stock were exchanged. First Busey Corporation has a 1-year low of $21.83 and a 1-year high of $32.22. The stock’s 50-day moving average price is $29.70 and its 200-day moving average price is $29.41. The company has a market capitalization of $1.46 billion, a P/E ratio of 21.39 and a beta of 1.01.
First Busey Corporation (NASDAQ:BUSE) last released its earnings results on Tuesday, July 25th. The bank reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. First Busey Corporation had a net margin of 22.04% and a return on equity of 10.59%. The business had revenue of $62.43 million for the quarter, compared to the consensus estimate of $63.40 million. Analysts anticipate that First Busey Corporation will post $1.73 EPS for the current fiscal year.
In other news, insider Curt A. Anderson sold 1,400 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $29.40, for a total transaction of $41,160.00. Following the sale, the insider now owns 43,482 shares in the company, valued at $1,278,370.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.60% of the stock is owned by insiders.
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About First Busey Corporation
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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