Shares of First Busey Co. (NASDAQ:BUSE – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $27.80.
Several equities research analysts recently commented on the company. StockNews.com upgraded First Busey from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Stephens downgraded First Busey from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $28.00 to $27.00 in a report on Monday. Keefe, Bruyette & Woods lifted their price objective on First Busey from $31.00 to $33.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Finally, DA Davidson lifted their price objective on First Busey from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, August 28th.
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First Busey Price Performance
Shares of NASDAQ:BUSE opened at $26.03 on Thursday. First Busey has a 1-year low of $17.51 and a 1-year high of $28.97. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.81 and a quick ratio of 0.81. The business has a fifty day moving average price of $25.89 and a 200-day moving average price of $24.52. The company has a market capitalization of $1.48 billion, a PE ratio of 13.15 and a beta of 0.84.
First Busey (NASDAQ:BUSE – Get Free Report) last issued its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.01. First Busey had a return on equity of 9.10% and a net margin of 17.18%. The firm had revenue of $116.24 million during the quarter, compared to the consensus estimate of $116.65 million. As a group, equities analysts expect that First Busey will post 2.05 EPS for the current fiscal year.
First Busey Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 18th will be given a $0.24 dividend. The ex-dividend date is Friday, October 18th. This represents a $0.96 annualized dividend and a yield of 3.69%. First Busey’s payout ratio is 48.48%.
About First Busey
First Busey Corporation operates as the bank holding company for Busey Bank that engages in the provision of retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. It operates through three segments: Banking, Wealth Management, and FirsTech.
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