Somewhat Positive News Coverage Somewhat Unlikely to Affect First Busey Corporation (BUSE) Stock Price
News articles about First Busey Corporation (NASDAQ:BUSE) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of 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 gave news stories about the bank an impact score of 45.6130505642625 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several research firms have recently commented on BUSE. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $31.00 price target on shares of First Busey Corporation in a report on Friday, May 26th. Zacks Investment Research lowered shares of First Busey Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. BidaskClub lowered shares of First Busey Corporation from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Piper Jaffray Companies set a $32.00 price target on shares of First Busey Corporation and gave the company a “hold” rating in a report on Tuesday, July 25th. Finally, ValuEngine raised shares of First Busey Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. First Busey Corporation currently has a consensus rating of “Hold” and a consensus target price of $32.00.
First Busey Corporation (NASDAQ:BUSE) traded up 0.34% on Friday, hitting $29.86. 58,895 shares of the stock traded hands. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 19.75 and a beta of 0.99. First Busey Corporation has a 12-month low of $21.80 and a 12-month high of $32.22. The stock has a 50-day moving average of $28.92 and a 200-day moving average of $29.28.
First Busey Corporation (NASDAQ:BUSE) last announced its quarterly earnings data on Tuesday, July 25th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. First Busey Corporation had a net margin of 22.04% and a return on equity of 10.59%. The company had revenue of $62.43 million during the quarter, compared to analysts’ expectations of $63.40 million. Analysts forecast that First Busey Corporation will post $1.74 earnings per share for the current year.
In other news, insider Curt A. Anderson sold 1,400 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $29.40, for a total value of $41,160.00. Following the completion of the transaction, the insider now owns 43,482 shares in the company, valued at approximately $1,278,370.80. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 9.60% of the company’s stock.
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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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