First Busey Co. (BUSE) Given Consensus Rating of “Hold” by Brokerages

First Busey Co. (NASDAQ:BUSE) has been given a consensus rating of “Hold” by the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $33.50.

BUSE has been the topic of a number of analyst reports. Zacks Investment Research upgraded First Busey from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Monday, January 1st. BidaskClub downgraded First Busey from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Piper Jaffray Companies reiterated a “hold” rating and issued a $33.00 price target on shares of First Busey in a report on Tuesday, January 9th. Finally, B. Riley upgraded First Busey from a “neutral” rating to a “buy” rating and cut their price target for the company from $36.00 to $35.00 in a report on Tuesday, February 6th.

Large investors have recently made changes to their positions in the company. Magnetar Financial LLC purchased a new position in shares of First Busey in the 3rd quarter valued at $204,000. Vestor Capital LLC purchased a new position in First Busey during the 3rd quarter worth $224,000. Xact Kapitalforvaltning AB purchased a new position in First Busey during the 4th quarter worth $239,000. LPL Financial LLC purchased a new position in First Busey during the 4th quarter worth $281,000. Finally, Legal & General Group Plc grew its stake in First Busey by 24.0% during the 3rd quarter. Legal & General Group Plc now owns 9,913 shares of the bank’s stock worth $311,000 after buying an additional 1,918 shares during the last quarter. Institutional investors and hedge funds own 47.20% of the company’s stock.

Shares of First Busey (BUSE) opened at $31.51 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $1,538.17, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 2.32 and a beta of 1.05. First Busey has a 1 year low of $27.33 and a 1 year high of $32.88.

First Busey (NASDAQ:BUSE) last announced its quarterly earnings results on Tuesday, January 30th. The bank reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.05). First Busey had a net margin of 20.31% and a return on equity of 9.84%. The company had revenue of $86.61 million during the quarter, compared to analysts’ expectations of $82.39 million. equities research analysts predict that First Busey will post 2.27 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This story was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this story on another domain, it was illegally copied and reposted in violation of US and international trademark and copyright legislation. The correct version of this story can be accessed at

First Busey 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.

Receive News & Ratings for First Busey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Busey and related companies with's FREE daily email newsletter.

Leave a Reply