First Busey Co. (NASDAQ:BUSE) – Equities researchers at B. Riley boosted their FY2018 EPS estimates for shares of First Busey in a note issued to investors on Thursday. B. Riley analyst S. Moss now forecasts that the bank will post earnings of $2.40 per share for the year, up from their previous estimate of $2.05. B. Riley also issued estimates for First Busey’s FY2019 earnings at $2.50 EPS.

Several other research firms have also issued reports on BUSE. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $32.00 target price on shares of First Busey in a research note on Thursday, October 26th. Zacks Investment Research lowered shares of First Busey from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. FBR & Co reiterated a “neutral” rating and issued a $34.00 target price (up previously from $32.00) on shares of First Busey in a research note on Wednesday, October 25th. BidaskClub upgraded shares of First Busey from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $33.00 target price on shares of First Busey in a research note on Tuesday, January 9th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $33.25.

First Busey (NASDAQ:BUSE) traded down $0.05 during midday trading on Monday, hitting $32.18. 108,900 shares of the stock traded hands, compared to its average volume of 211,211. First Busey has a 12-month low of $27.33 and a 12-month high of $32.88. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.90 and a current ratio of 0.93. The company has a market cap of $1,565.06, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 2.42 and a beta of 0.98.

First Busey (NASDAQ:BUSE) last released its quarterly earnings data on Tuesday, October 24th. The bank reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.01). First Busey had a return on equity of 10.42% and a net margin of 22.02%.

In other news, Director George Barr sold 14,492 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $2,005,954.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.60% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nordea Investment Management AB grew its position in First Busey by 2.8% during the third quarter. Nordea Investment Management AB now owns 186,466 shares of the bank’s stock valued at $5,848,000 after buying an additional 5,000 shares during the period. Vanguard Group Inc. boosted its position in First Busey by 1.3% during the second quarter. Vanguard Group Inc. now owns 1,476,846 shares of the bank’s stock worth $43,301,000 after purchasing an additional 19,354 shares during the period. TIAA CREF Investment Management LLC boosted its position in First Busey by 33.5% during the second quarter. TIAA CREF Investment Management LLC now owns 111,412 shares of the bank’s stock worth $3,267,000 after purchasing an additional 27,931 shares during the period. Prudential Financial Inc. boosted its position in First Busey by 57.3% during the third quarter. Prudential Financial Inc. now owns 41,354 shares of the bank’s stock worth $1,297,000 after purchasing an additional 15,069 shares during the period. Finally, First Midwest Bank Trust Division bought a new position in First Busey during the third quarter worth about $324,000. Institutional investors own 46.09% of the company’s stock.

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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.

Earnings History and Estimates for First Busey (NASDAQ:BUSE)

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