First Busey Corporation (NASDAQ:BUSE) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.

Several other research firms also recently weighed in on BUSE. BidaskClub downgraded shares of First Busey Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised shares of First Busey Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. FBR & Co reissued a “neutral” rating and issued a $34.00 price target (up from $32.00) on shares of First Busey Corporation in a research note on Wednesday, October 25th. Piper Jaffray Companies set a $32.00 price target on shares of First Busey Corporation and gave the stock a “hold” rating in a research note on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $32.00 price target on shares of First Busey Corporation in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. First Busey Corporation presently has a consensus rating of “Hold” and an average price target of $33.25.

First Busey Corporation (NASDAQ:BUSE) traded up $0.18 during trading on Friday, reaching $29.57. 240,100 shares of the company’s stock traded hands, compared to its average volume of 140,161. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.93 and a quick ratio of 0.90. The company has a market capitalization of $1,438.14, a P/E ratio of 17.39, a PEG ratio of 2.88 and a beta of 0.99. First Busey Corporation has a 1-year low of $25.29 and a 1-year high of $32.44.

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Several large investors have recently modified their holdings of the company. US Bancorp DE raised its stake in shares of First Busey Corporation by 0.5% during the second quarter. US Bancorp DE now owns 4,951 shares of the bank’s stock valued at $145,000 after acquiring an additional 23 shares during the last quarter. Legal & General Group Plc raised its stake in shares of First Busey Corporation by 8.7% during the second quarter. Legal & General Group Plc now owns 7,995 shares of the bank’s stock valued at $235,000 after acquiring an additional 639 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of First Busey Corporation by 3.3% during the second quarter. The Manufacturers Life Insurance Company now owns 24,480 shares of the bank’s stock valued at $718,000 after acquiring an additional 787 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of First Busey Corporation by 17.6% during the second quarter. Victory Capital Management Inc. now owns 7,608 shares of the bank’s stock valued at $223,000 after acquiring an additional 1,139 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of First Busey Corporation by 0.8% during the second quarter. Nordea Investment Management AB now owns 181,466 shares of the bank’s stock valued at $5,321,000 after acquiring an additional 1,500 shares during the last quarter. 45.43% 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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