Q1 2018 Earnings Forecast for First Busey Corporation (BUSE) Issued By FIG Partners
First Busey Corporation (NASDAQ:BUSE) – Stock analysts at FIG Partners boosted their Q1 2018 earnings per share estimates for First Busey Corporation in a research report issued to clients and investors on Monday. FIG Partners analyst B. Martin now anticipates that the bank will earn $0.46 per share for the quarter, up from their previous estimate of $0.45. FIG Partners also issued estimates for First Busey Corporation’s Q4 2018 earnings at $0.53 EPS.
A number of other research analysts have also issued reports on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and set a $32.00 target price on shares of First Busey Corporation in a research note on Thursday, October 26th. Zacks Investment Research raised shares of First Busey Corporation from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Monday, October 2nd. Piper Jaffray Companies set a $32.00 target price on shares of First Busey Corporation and gave the company a “hold” rating in a research note on Tuesday, July 25th. BidaskClub lowered shares of First Busey Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, FBR & Co reissued a “neutral” rating and set a $34.00 target price (up from $32.00) on shares of First Busey Corporation in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. First Busey Corporation currently has a consensus rating of “Hold” and an average price target of $33.25.
The company also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 20th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Thursday, October 19th. First Busey Corporation’s payout ratio is 47.06%.
A number of institutional investors have recently bought and sold shares of BUSE. BNP Paribas Arbitrage SA boosted its stake in First Busey Corporation by 799.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,460 shares of the bank’s stock valued at $131,000 after purchasing an additional 3,964 shares during the period. US Bancorp DE raised its position in shares of First Busey Corporation by 0.5% during the 2nd quarter. US Bancorp DE now owns 4,951 shares of the bank’s stock worth $145,000 after buying an additional 23 shares in the last quarter. Citigroup Inc. raised its position in shares of First Busey Corporation by 45.5% during the 2nd quarter. Citigroup Inc. now owns 6,422 shares of the bank’s stock worth $188,000 after buying an additional 2,009 shares in the last quarter. Meeder Asset Management Inc. raised its position in shares of First Busey Corporation by 143.6% during the 3rd quarter. Meeder Asset Management Inc. now owns 5,998 shares of the bank’s stock worth $188,000 after buying an additional 3,536 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new stake in shares of First Busey Corporation during the 2nd quarter worth about $208,000. 45.45% of the stock is owned by hedge funds and other institutional investors.
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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