Brokerages predict that First Busey Co. (NASDAQ:BUSE) will report earnings per share (EPS) of $0.54 for the current quarter, according to Zacks. Five analysts have issued estimates for First Busey’s earnings. First Busey posted earnings per share of $0.41 in the same quarter last year, which suggests a positive year-over-year growth rate of 31.7%. The company is scheduled to announce its next quarterly earnings report on Tuesday, January 29th.

According to Zacks, analysts expect that First Busey will report full-year earnings of $2.12 per share for the current fiscal year, with EPS estimates ranging from $2.11 to $2.12. For the next year, analysts expect that the company will post earnings of $2.30 per share, with EPS estimates ranging from $2.26 to $2.33. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for First Busey.

First Busey (NASDAQ:BUSE) last posted its quarterly earnings results on Tuesday, October 23rd. The bank reported $0.55 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.55. First Busey had a return on equity of 10.29% and a net margin of 23.02%. The company had revenue of $82.63 million for the quarter, compared to analysts’ expectations of $85.16 million.

BUSE has been the topic of a number of research analyst reports. Piper Jaffray Companies set a $31.00 target price on First Busey and gave the stock a “hold” rating in a research report on Wednesday, October 31st. BidaskClub upgraded First Busey from a “sell” rating to a “hold” rating in a research report on Thursday, October 11th. Zacks Investment Research cut First Busey from a “buy” rating to a “hold” rating in a research report on Tuesday, October 30th. Finally, B. Riley cut their target price on First Busey from $36.00 to $33.00 and set a “buy” rating on the stock in a research report on Monday, November 5th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $31.25.

Several institutional investors and hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new position in shares of First Busey during the third quarter worth about $249,000. Meeder Asset Management Inc. grew its holdings in shares of First Busey by 131.1% during the third quarter. Meeder Asset Management Inc. now owns 8,068 shares of the bank’s stock worth $251,000 after buying an additional 4,577 shares during the last quarter. WINTON GROUP Ltd grew its holdings in shares of First Busey by 45.1% during the third quarter. WINTON GROUP Ltd now owns 12,695 shares of the bank’s stock worth $394,000 after buying an additional 3,946 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of First Busey during the third quarter worth about $402,000. Finally, Stevens Capital Management LP purchased a new position in shares of First Busey during the third quarter worth about $436,000. Institutional investors and hedge funds own 51.10% of the company’s stock.

First Busey stock opened at $25.50 on Friday. First Busey has a 1-year low of $23.13 and a 1-year high of $33.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.86 and a current ratio of 0.87. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 15.84, a price-to-earnings-growth ratio of 1.85 and a beta of 1.12.

About First Busey

First Busey Corporation operates as the bank holding company for Busey Bank that provides retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. The company operates in three segments: Banking, Remittance Processing, and Wealth Management.

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

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