Q1 2018 EPS Estimates for First Busey Co. Boosted by Analyst (BUSE)

First Busey Co. (NASDAQ:BUSE) – B. Riley increased their Q1 2018 EPS estimates for shares of First Busey in a report released on Thursday. B. Riley analyst S. Moss now anticipates that the bank will post earnings per share of $0.55 for the quarter, up from their previous forecast of $0.47. B. Riley also issued estimates for First Busey’s Q2 2018 earnings at $0.62 EPS, Q3 2018 earnings at $0.61 EPS, Q4 2018 earnings at $0.62 EPS, Q1 2019 earnings at $0.59 EPS, Q2 2019 earnings at $0.62 EPS, Q3 2019 earnings at $0.64 EPS and Q4 2019 earnings at $0.65 EPS.

Other research analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of First Busey from a “sell” rating to a “hold” rating in a report on Thursday. Piper Jaffray Companies reaffirmed a “hold” rating and set a $33.00 price target on shares of First Busey in a research report on Tuesday, January 9th. Zacks Investment Research raised shares of First Busey from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Monday, January 1st. ValuEngine lowered shares of First Busey from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $32.00 price target on shares of First Busey in a research report on Thursday, October 26th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. First Busey currently has a consensus rating of “Hold” and an average price target of $33.25.

First Busey (BUSE) opened at $32.18 on Friday. First Busey has a 1-year low of $27.33 and a 1-year high of $32.88. The company has a market cap of $1,567.49, a price-to-earnings ratio of 21.03, a P/E/G ratio of 2.49 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.

In other First Busey 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 transaction of $453,599.60. Following the sale, the director now directly owns 64,088 shares of the company’s stock, valued at $2,005,954.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 9.60% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Nordea Investment Management AB raised its position in shares of First Busey by 2.8% in the third quarter. Nordea Investment Management AB now owns 186,466 shares of the bank’s stock valued at $5,848,000 after purchasing an additional 5,000 shares during the period. Vanguard Group Inc. raised its position in shares of First Busey by 1.3% in the second quarter. Vanguard Group Inc. now owns 1,476,846 shares of the bank’s stock valued at $43,301,000 after purchasing an additional 19,354 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of First Busey by 33.5% in the second quarter. TIAA CREF Investment Management LLC now owns 111,412 shares of the bank’s stock valued at $3,267,000 after purchasing an additional 27,931 shares during the period. Martingale Asset Management L P bought a new position in shares of First Busey in the second quarter valued at about $3,855,000. Finally, Prudential Financial Inc. raised its position in shares of First Busey by 57.3% in the third quarter. Prudential Financial Inc. now owns 41,354 shares of the bank’s stock valued at $1,297,000 after purchasing an additional 15,069 shares during the period. 46.09% of the stock is currently owned by institutional investors.

WARNING: “Q1 2018 EPS Estimates for First Busey Co. Boosted by Analyst (BUSE)” was originally published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this report on another publication, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The legal version of this report can be viewed at https://www.thelincolnianonline.com/2018/01/14/q1-2018-eps-estimates-for-first-busey-co-boosted-by-analyst-buse.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.

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

Receive News & Ratings for First Busey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Busey and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply