Brokerages expect First Busey Co. (NASDAQ:BUSE) to report $85.16 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for First Busey’s earnings. The lowest sales estimate is $83.92 million and the highest is $86.10 million. First Busey posted sales of $76.78 million in the same quarter last year, which indicates a positive year-over-year growth rate of 10.9%. The firm is scheduled to report its next quarterly earnings results on Tuesday, October 23rd.

On average, analysts expect that First Busey will report full year sales of $338.05 million for the current fiscal year, with estimates ranging from $337.00 million to $339.00 million. For the next financial year, analysts anticipate that the business will report sales of $380.10 million per share, with estimates ranging from $351.99 million to $433.20 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for First Busey.

First Busey (NASDAQ:BUSE) last released its quarterly earnings results on Tuesday, July 24th. The bank reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.02). The firm had revenue of $83.17 million for the quarter, compared to the consensus estimate of $84.85 million. First Busey had a return on equity of 9.97% and a net margin of 21.51%.

Several analysts have recently weighed in on BUSE shares. Zacks Investment Research upgraded First Busey from a “sell” rating to a “hold” rating in a report on Monday, May 28th. FIG Partners restated an “outperform” rating on shares of First Busey in a report on Wednesday, July 25th. BidaskClub lowered First Busey from a “hold” rating to a “sell” rating in a research note on Thursday. Keefe, Bruyette & Woods raised First Busey from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 31st. Finally, B. Riley lifted their price objective on First Busey from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, June 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. First Busey has a consensus rating of “Hold” and an average price target of $33.80.

NASDAQ:BUSE opened at $31.30 on Monday. The stock has a market cap of $1.53 billion, a PE ratio of 19.44, a PEG ratio of 2.44 and a beta of 0.99. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.24. First Busey has a 1-year low of $28.34 and a 1-year high of $33.25.

Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC lifted its stake in shares of First Busey by 83.8% in the first quarter. SG Americas Securities LLC now owns 6,477 shares of the bank’s stock worth $192,000 after acquiring an additional 2,953 shares during the period. Virginia Retirement Systems ET AL acquired a new position in shares of First Busey in the second quarter worth approximately $209,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of First Busey in the first quarter worth approximately $208,000. Quantitative Systematic Strategies LLC lifted its stake in shares of First Busey by 35.4% in the second quarter. Quantitative Systematic Strategies LLC now owns 10,500 shares of the bank’s stock worth $333,000 after acquiring an additional 2,747 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of First Busey by 47.3% in the first quarter. Victory Capital Management Inc. now owns 13,307 shares of the bank’s stock worth $395,000 after acquiring an additional 4,270 shares during the period. 49.38% of the stock is currently owned by institutional investors.

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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