Shares of First Busey Co. (NASDAQ:BUSE) have been given a consensus rating of “Hold” by the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $30.50.

Several equities research analysts have weighed in on BUSE shares. BidaskClub raised shares of First Busey from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. Zacks Investment Research downgraded shares of First Busey from a “hold” rating to a “sell” rating in a research note on Thursday, February 14th. Finally, B. Riley reaffirmed a “buy” rating on shares of First Busey in a research note on Wednesday, April 10th.

In other First Busey news, Director Stephen V. King acquired 7,180 shares of First Busey stock in a transaction dated Friday, May 3rd. The stock was purchased at an average cost of $26.59 per share, for a total transaction of $190,916.20. Following the completion of the acquisition, the director now directly owns 7,357 shares of the company’s stock, valued at $195,622.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas G. Sloan acquired 8,000 shares of First Busey stock in a transaction dated Tuesday, April 30th. The shares were acquired at an average price of $25.91 per share, with a total value of $207,280.00. Following the completion of the acquisition, the director now directly owns 231,471 shares of the company’s stock, valued at $5,997,413.61. The disclosure for this purchase can be found here. Insiders have bought 69,955 shares of company stock valued at $1,859,546 over the last quarter. Corporate insiders own 7.50% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of BUSE. Meeder Asset Management Inc. boosted its holdings in First Busey by 7.8% during the first quarter. Meeder Asset Management Inc. now owns 8,694 shares of the bank’s stock worth $212,000 after purchasing an additional 626 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in First Busey by 31.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,945 shares of the bank’s stock worth $72,000 after purchasing an additional 712 shares during the last quarter. Legal & General Group Plc boosted its holdings in First Busey by 10.3% during the fourth quarter. Legal & General Group Plc now owns 7,893 shares of the bank’s stock worth $194,000 after purchasing an additional 738 shares during the last quarter. Blair William & Co. IL boosted its holdings in First Busey by 3.0% during the first quarter. Blair William & Co. IL now owns 46,820 shares of the bank’s stock worth $1,142,000 after purchasing an additional 1,375 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in First Busey by 44.5% during the first quarter. Great West Life Assurance Co. Can now owns 6,699 shares of the bank’s stock worth $163,000 after purchasing an additional 2,063 shares during the last quarter. Hedge funds and other institutional investors own 45.88% of the company’s stock.

BUSE traded up $0.02 during midday trading on Friday, hitting $25.22. The company had a trading volume of 4,995 shares, compared to its average volume of 121,148. First Busey has a 52 week low of $23.13 and a 52 week high of $33.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.23. The company has a market cap of $1.40 billion, a P/E ratio of 12.02, a price-to-earnings-growth ratio of 1.94 and a beta of 1.00.

First Busey (NASDAQ:BUSE) last posted its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.03). First Busey had a net margin of 25.94% and a return on equity of 10.23%. The company had revenue of $94.33 million during the quarter, compared to the consensus estimate of $96.24 million. On average, research analysts forecast that First Busey will post 2.13 EPS for the current fiscal year.

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.

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