2 weeks Ago By ABMN Staff
First Busey ( NASDAQ:BUSE – Get Free Report ) ‘s stock had its “overweight” rating reaffirmed by stock analysts at Stephens in a research report issued on Thursday, Benzinga reports. They currently have a $31.00 price objective on the bank’s stock.
Stephens’ target price would suggest a potential upside of 14.60% from the company’s current price. Several other equities analysts have also recently weighed in on BUSE.
StockNews.com raised shares of First Busey from a “sell” rating to a “hold” rating in a research report on Saturday, July 6th. Keefe, Bruyette & Woods raised their target price on First Busey from $31.
00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, DA Davidson upped their price target on First Busey from $28.
00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock.
According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.60.
Check Out Our Latest Research Report on BUSE First Busey Stock Up 0.6 % First Busey ( NASDAQ:BUSE – Get Free Report ) last posted its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.
50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.01.
First Busey had a net margin of 17.18% and a return on equity of 9.26%.
The business had revenue of $116.24 million during the quarter, compared to the consensus estimate of $116.65 million.
As a group, research analysts forecast that First Busey will post 2.06 EPS for the current fiscal year. Insider Buying and Selling In other First Busey news, EVP John Joseph Powers sold 6,090 shares of the company’s stock in a transaction on Friday, July 5th.
The stock was sold at an average price of $23.54, for a total value of $143,358.60.
Following the completion of the transaction, the executive vice president now owns 89,511 shares in the company, valued at approximately $2,107,088.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website .
In other First Busey news, EVP John Joseph Powers sold 6,090 shares of First Busey stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $23.54, for a total value of $143,358.
60. Following the sale, the executive vice president now owns 89,511 shares of the company’s stock, valued at $2,107,088.94.
The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink . Also, CEO Van A. Dukeman sold 16,539 shares of the stock in a transaction that occurred on Friday, July 5th.
The shares were sold at an average price of $23.54, for a total transaction of $389,328.06.
Following the transaction, the chief executive officer now directly owns 386,277 shares of the company’s stock, valued at $9,092,960.58. The disclosure for this sale can be found here .
Over the last three months, insiders have acquired 264 shares of company stock worth $5,319 and have sold 22,790 shares worth $536,477. 7.10% of the stock is currently owned by corporate insiders.
Institutional Trading of First Busey Large investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of First Busey by 397.
0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,660 shares of the bank’s stock worth $258,000 after acquiring an additional 8,515 shares during the period.
The Manufacturers Life Insurance Company boosted its position in First Busey by 9.3% during the second quarter. The Manufacturers Life Insurance Company now owns 30,171 shares of the bank’s stock worth $730,000 after purchasing an additional 2,579 shares during the period.
Sei Investments Co. increased its stake in shares of First Busey by 21.3% in the second quarter.
Sei Investments Co. now owns 113,148 shares of the bank’s stock worth $2,739,000 after purchasing an additional 19,831 shares in the last quarter. Denali Advisors LLC raised its position in shares of First Busey by 58.
7% in the second quarter. Denali Advisors LLC now owns 55,400 shares of the bank’s stock valued at $1,341,000 after purchasing an additional 20,500 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in First Busey by 28.
9% in the 2nd quarter. Renaissance Technologies LLC now owns 386,231 shares of the bank’s stock worth $9,351,000 after buying an additional 86,492 shares during the period. 56.
49% of the stock is owned by hedge funds and other institutional investors. About First Busey ( Get Free Report ) 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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