First Busey Corp. (BUSE) Announces Quarterly Earnings Results, Hits Estimates
First Busey Corp. (NASDAQ:BUSE) released its earnings data on Tuesday. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08, Analyst RN reports.
A number of analysts have recently weighed in on BUSE shares. Analysts at Zacks downgraded shares of First Busey Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, October 2nd. They now have a $5.80 price target on the stock. On a related note, analysts at FBR & Co. initiated coverage on shares of First Busey Corp. in a research note to investors on Wednesday, August 21st. They set a “market perform” rating on the stock. Finally, analysts at FBR Capital Markets initiated coverage on shares of First Busey Corp. in a research note to investors on Wednesday, August 21st. They set a “market perform” rating and a $5.50 price target on the stock.
First Busey Corp. (NASDAQ:BUSE) traded up 0.38% during mid-day trading on Tuesday, hitting $5.28. 79,293 shares of the company’s stock traded hands. First Busey Corp. has a 52 week low of $4.09 and a 52 week high of $5.14. The stock’s 50-day moving average is $4.94 and its 200-day moving average is $4.61. The company has a market cap of $457.8 million and a P/E ratio of 22.77.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 1st. Investors of record on Friday, October 25th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Wednesday, October 23rd.
First Busey Corporation (NASDAQ:BUSE) is a financial holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.