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.

In other First Busey news, Director George Barr sold 14,492 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $31.30, for a total value of $453,599.60. Following the completion of the sale, the director now owns 64,088 shares of the company’s stock, valued at approximately $2,005,954.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 9.60% of the company’s stock.

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.

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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.

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