First Busey Co. (NASDAQ:BUSE) – Research analysts at FIG Partners issued their FY2020 EPS estimates for shares of First Busey in a report released on Friday, August 24th. FIG Partners analyst B. Martin expects that the bank will post earnings of $2.60 per share for the year. FIG Partners has a “Outperform” rating on the stock.

First Busey (NASDAQ:BUSE) last posted its quarterly earnings results on Tuesday, July 24th. The bank reported $0.51 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.02). First Busey had a net margin of 21.51% and a return on equity of 9.97%. The company had revenue of $83.17 million during the quarter, compared to analyst estimates of $84.85 million.

BUSE has been the subject of several other research reports. BidaskClub cut First Busey from a “buy” rating to a “hold” rating in a research note on Thursday, May 3rd. Keefe, Bruyette & Woods raised First Busey from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 16th. B. Riley raised their target price on First Busey from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, June 19th. Finally, Zacks Investment Research raised First Busey from a “sell” rating to a “hold” rating in a research note on Monday, May 28th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $33.80.

BUSE stock opened at $31.97 on Monday. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.24. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 19.85, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. First Busey has a 52-week low of $27.33 and a 52-week high of $33.25.

A number of hedge funds have recently bought and sold shares of the business. Segall Bryant & Hamill LLC increased its stake in First Busey by 0.7% during the first quarter. Segall Bryant & Hamill LLC now owns 236,931 shares of the bank’s stock worth $7,042,000 after acquiring an additional 1,754 shares during the last quarter. MetLife Investment Advisors LLC increased its stake in First Busey by 10.6% during the second quarter. MetLife Investment Advisors LLC now owns 20,300 shares of the bank’s stock worth $644,000 after acquiring an additional 1,947 shares during the last quarter. Victory Capital Management Inc. increased its stake in First Busey by 15.9% during the second quarter. Victory Capital Management Inc. now owns 15,424 shares of the bank’s stock worth $489,000 after acquiring an additional 2,117 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in First Busey by 16.8% during the second quarter. Metropolitan Life Insurance Co. NY now owns 15,315 shares of the bank’s stock worth $486,000 after acquiring an additional 2,205 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in First Busey by 3.5% during the second quarter. California Public Employees Retirement System now owns 71,171 shares of the bank’s stock worth $2,258,000 after acquiring an additional 2,407 shares during the last quarter. 49.38% of the stock is owned by institutional investors.

First Busey Company Profile

First Busey Corporation operates as the bank holding company for Busey Bank that provides retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. The company operates in three segments: Banking, Remittance Processing, and Wealth Management.

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Earnings History and Estimates for First Busey (NASDAQ:BUSE)

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