First Busey Corporation (NASDAQ:BUSE) has received a consensus rating of “Hold” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $32.67.
Several research analysts recently weighed in on the company. Zacks Investment Research raised First Busey from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Monday, October 2nd. FBR & Co reaffirmed a “neutral” rating and set a $34.00 target price (up previously from $32.00) on shares of First Busey in a research note on Wednesday, October 25th. ValuEngine cut First Busey from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $32.00 target price on shares of First Busey in a research note on Thursday, October 26th.
In related news, Director George Barr sold 14,492 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $31.30, for a total transaction of $453,599.60. Following the completion of the transaction, the director now owns 64,088 shares of the company’s stock, valued at $2,005,954.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 9.60% of the company’s stock.
First Busey (BUSE) opened at $31.50 on Monday. The company has a market capitalization of $1,532.00, a price-to-earnings ratio of 18.53, a PEG ratio of 3.11 and a beta of 0.98. The company has a current ratio of 0.93, a quick ratio of 0.90 and a debt-to-equity ratio of 0.27. First Busey has a fifty-two week low of $27.33 and a fifty-two week high of $32.88.
About First Busey
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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