First Busey Corp. Upgraded by FIG Partners to Outperform (BUSE)
First Busey Corp. (NASDAQ:BUSE) was upgraded by research analysts at FIG Partners from a “market perform” rating to an “outperform” rating in a report released on Friday, TheFlyOnTheWall.com reports.
Shares of First Busey Corp. (NASDAQ:BUSE) traded up 1.55% on Friday, hitting $5.25. 42,144 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 $5.44. The stock’s 50-day moving average is $5.15 and its 200-day moving average is $4.77. The company has a market cap of $455.2 million and a price-to-earnings ratio of 22.38.
First Busey Corp. (NASDAQ:BUSE) last announced its earnings results on Tuesday, October 29th. The company reported $0.08 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.08. On average, analysts predict that First Busey Corp. will post $0.30 earnings per share for the current fiscal year.
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 3.09%. The ex-dividend date is Wednesday, October 23rd.
Other equities research analysts have also recently issued reports about the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of First Busey Corp. from $5.00 to $5.50 in a research note to investors on Thursday. Separately, analysts at FBR & Co. upgraded shares of First Busey Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday. Finally, analysts at FBR Capital Markets upgraded shares of First Busey Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday. They now have a $6.25 price target on the stock, up previously from $5.50. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $5.85.
First Busey Corporation (NASDAQ:BUSE) is a financial holding company.
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