BidaskClub downgraded shares of First Busey (NASDAQ:BUSE) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.

A number of other research analysts also recently weighed in on BUSE. Zacks Investment Research raised shares of First Busey from a sell rating to a hold rating in a research report on Monday, May 28th. Keefe, Bruyette & Woods raised shares of First Busey from a market perform rating to an outperform rating in a research report on Thursday, May 31st. B. Riley increased their target price on shares of First Busey from $35.00 to $36.00 and gave the company a buy rating in a research report on Tuesday, June 19th. Finally, FIG Partners reissued an outperform rating on shares of First Busey in a research report on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $33.80.

First Busey stock opened at $31.30 on Thursday. First Busey has a twelve month low of $28.34 and a twelve month high of $33.25. The company has a market cap of $1.53 billion, a PE ratio of 16.56, a P/E/G ratio of 2.44 and a beta of 0.99. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.24.

First Busey (NASDAQ:BUSE) last released its earnings results on Tuesday, July 24th. The bank reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.02). First Busey had a net margin of 21.51% and a return on equity of 9.97%. The company had revenue of $83.17 million for the quarter, compared to the consensus estimate of $84.85 million. equities analysts expect that First Busey will post 2.14 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC lifted its stake in shares of First Busey by 83.8% during the 1st quarter. SG Americas Securities LLC now owns 6,477 shares of the bank’s stock valued at $192,000 after buying an additional 2,953 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of First Busey during the 1st quarter valued at approximately $208,000. Virginia Retirement Systems ET AL purchased a new stake in shares of First Busey during the 2nd quarter valued at approximately $209,000. Quantitative Systematic Strategies LLC lifted its stake in shares of First Busey by 35.4% during the 2nd quarter. Quantitative Systematic Strategies LLC now owns 10,500 shares of the bank’s stock valued at $333,000 after buying an additional 2,747 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of First Busey by 47.3% during the 1st quarter. Victory Capital Management Inc. now owns 13,307 shares of the bank’s stock valued at $395,000 after buying an additional 4,270 shares in the last quarter. Institutional investors own 49.38% of the company’s stock.

First Busey Company Profile

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.

Featured Article: Intrinsic Value and Stock Selection

Analyst Recommendations 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.