First Busey (NASDAQ:BUSE) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Thursday.
Several other analysts also recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $32.00 target price on shares of First Busey in a report on Thursday, October 26th. Zacks Investment Research raised shares of First Busey from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Monday, October 2nd. ValuEngine downgraded shares of First Busey from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, FBR & Co reissued a “neutral” rating and issued a $34.00 price objective (up previously from $32.00) on shares of First Busey in a report on Wednesday, October 25th. Six equities research analysts have rated the stock with a hold rating, First Busey has a consensus rating of “Hold” and an average price target of $33.25.
Shares of First Busey (NASDAQ:BUSE) traded down $0.30 during mid-day trading on Thursday, hitting $30.81. 77,983 shares of the company traded hands, compared to its average volume of 118,712. The company has a market cap of $1,513.02, a P/E ratio of 18.30, a price-to-earnings-growth ratio of 3.07 and a beta of 0.98. The company has a quick ratio of 0.90, a current ratio of 0.93 and a debt-to-equity ratio of 0.27. First Busey has a 1-year low of $27.33 and a 1-year high of $32.88.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in First Busey by 2.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,823,493 shares of the bank’s stock valued at $57,185,000 after purchasing an additional 38,805 shares during the period. Vanguard Group Inc. lifted its holdings in shares of First Busey by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,476,846 shares of the bank’s stock worth $43,301,000 after acquiring an additional 19,354 shares during the period. Northern Trust Corp lifted its holdings in shares of First Busey by 3.8% during the 2nd quarter. Northern Trust Corp now owns 712,793 shares of the bank’s stock worth $20,899,000 after acquiring an additional 26,024 shares during the period. State Street Corp lifted its holdings in shares of First Busey by 4.4% during the 2nd quarter. State Street Corp now owns 585,996 shares of the bank’s stock worth $17,184,000 after acquiring an additional 24,499 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of First Busey by 17.5% during the 2nd quarter. Renaissance Technologies LLC now owns 487,500 shares of the bank’s stock worth $14,294,000 after acquiring an additional 72,600 shares during the period. 46.12% of the stock is owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of US & international copyright & trademark legislation. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/12/09/first-busey-buse-downgraded-by-bidaskclub-to-hold.html.
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 Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Busey Co. and related companies with MarketBeat.com's FREE daily email newsletter.