First Busey Corporation (BUSE) Receiving Somewhat Positive News Coverage, Accern Reports
News coverage about First Busey Corporation (NASDAQ:BUSE) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First Busey Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 45.8047680543767 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- First Busey Corporation (BUSE) to Post Q3 2017 Earnings of $0.47 Per Share, DA Davidson Forecasts (americanbankingnews.com)
- ETFs with exposure to First Busey Corp. : October 4, 2017 (finance.yahoo.com)
- First Busey Corp. :BUSE-US: Earnings Analysis: Q2, 2017 By the Numbers : October 3, 2017 (finance.yahoo.com)
- First Busey Corporation Finalizes Acquisition of Mid Illinois Bancorp, Inc. and South Side Trust & Savings Bank of Peoria (feeds.benzinga.com)
BUSE has been the subject of several research reports. Zacks Investment Research raised First Busey Corporation from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Monday. Piper Jaffray Companies set a $32.00 price target on First Busey Corporation and gave the stock a “hold” rating in a research note on Tuesday, July 25th. Finally, BidaskClub raised First Busey Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $32.50.
Shares of First Busey Corporation (NASDAQ:BUSE) traded up 0.76% on Thursday, reaching $31.63. 77,237 shares of the company traded hands. The company has a market capitalization of $1.44 billion, a PE ratio of 20.92 and a beta of 1.01. First Busey Corporation has a 52-week low of $21.83 and a 52-week high of $32.22. The firm has a 50-day moving average of $29.36 and a 200-day moving average of $29.33.
First Busey Corporation (NASDAQ:BUSE) last announced its earnings results on Tuesday, July 25th. The bank reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. First Busey Corporation had a return on equity of 10.59% and a net margin of 22.04%. The business had revenue of $62.43 million during the quarter, compared to the consensus estimate of $63.40 million. On average, equities research analysts forecast that First Busey Corporation will post $1.73 earnings per share for the current fiscal year.
In other news, insider Curt A. Anderson sold 1,400 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $29.40, for a total transaction of $41,160.00. Following the completion of the sale, the insider now directly owns 43,482 shares of the company’s stock, valued at $1,278,370.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 9.60% of the company’s stock.
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About First Busey Corporation
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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