First Busey Corporation (BUSE) Getting Somewhat Positive News Coverage, Analysis Shows
Headlines about First Busey Corporation (NASDAQ:BUSE) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. First Busey Corporation earned a news impact score of 0.19 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 46.5017824269946 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several equities research analysts have issued reports on the company. ValuEngine downgraded First Busey Corporation from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Zacks Investment Research upgraded First Busey Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Keefe, Bruyette & Woods restated a “hold” rating and set a $32.00 target price on shares of First Busey Corporation in a research report on Thursday, October 26th. FBR & Co restated a “neutral” rating and set a $34.00 target price (up previously from $32.00) on shares of First Busey Corporation in a research report on Wednesday, October 25th. Finally, Piper Jaffray Companies set a $32.00 target price on First Busey Corporation and gave the stock a “hold” rating in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $33.25.
Shares of First Busey Corporation (NASDAQ BUSE) traded down $0.11 during mid-day trading on Wednesday, hitting $30.75. The company had a trading volume of 72,705 shares, compared to its average volume of 121,794. The company has a quick ratio of 0.90, a current ratio of 0.93 and a debt-to-equity ratio of 0.27. First Busey Corporation has a one year low of $26.78 and a one year high of $32.44. The stock has a market capitalization of $1,490.17, a P/E ratio of 18.02, a PEG ratio of 3.03 and a beta of 0.99.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 20th were given a $0.18 dividend. The ex-dividend date of this dividend was Thursday, October 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.34%. First Busey Corporation’s dividend payout ratio (DPR) is presently 47.06%.
In related news, Director George Barr sold 1,665 shares of the stock in a transaction on Friday, October 27th. The stock was sold at an average price of $32.25, for a total value of $53,696.25. Following the sale, the director now owns 64,088 shares in the company, valued at $2,066,838. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 9.60% of the company’s stock.
First Busey Corporation 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.
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