First Busey Corp. (NASDAQ:BUSE) – Stock analysts at DA Davidson issued their FY2018 earnings per share estimates for shares of First Busey Corp. in a research report issued on Wednesday. DA Davidson analyst K. Reevey forecasts that the brokerage will post earnings per share of $2.03 for the year.
First Busey Corp. (NASDAQ:BUSE) last released its quarterly earnings results on Tuesday, October 25th. The company reported $0.40 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.40. First Busey Corp. had a net margin of 22.15% and a return on equity of 11.28%.
A number of other analysts have also weighed in on BUSE. Zacks Investment Research raised shares of First Busey Corp. from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Tuesday, August 2nd. Keefe, Bruyette & Woods upped their target price on shares of First Busey Corp. from $22.00 to $23.00 and gave the stock a “market perform” rating in a report on Monday, August 1st. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $23.00.
First Busey Corp. (NASDAQ:BUSE) opened at 23.05 on Friday. First Busey Corp. has a 12-month low of $17.68 and a 12-month high of $24.02. The company has a market capitalization of $880.67 million, a PE ratio of 15.57 and a beta of 0.92. The firm has a 50-day moving average of $22.73 and a 200 day moving average of $22.17.
The business also recently declared a quarterly dividend, which was paid on Friday, October 28th. Shareholders of record on Friday, October 21st were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, October 19th. This represents a $0.68 dividend on an annualized basis and a yield of 2.95%. First Busey Corp.’s dividend payout ratio is presently 46.26%.
A number of institutional investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System boosted its position in First Busey Corp. by 83.5% in the second quarter. California Public Employees Retirement System now owns 116,271 shares of the company’s stock worth $2,487,000 after buying an additional 52,895 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in First Busey Corp. during the second quarter worth approximately $1,139,000. Swiss National Bank boosted its position in First Busey Corp. by 22.6% in the second quarter. Swiss National Bank now owns 45,499 shares of the company’s stock worth $973,000 after buying an additional 8,400 shares in the last quarter. California State Teachers Retirement System boosted its position in First Busey Corp. by 27.2% in the second quarter. California State Teachers Retirement System now owns 64,926 shares of the company’s stock worth $1,389,000 after buying an additional 13,878 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust bought a new position in First Busey Corp. during the second quarter worth approximately $771,000. 46.21% of the stock is owned by institutional investors and hedge funds.
First Busey Corp. Company Profile