First Busey’s (BUSE) Equal Weight Rating Reiterated at Stephens

First Busey (NASDAQ:BUSE)‘s stock had its “equal weight” rating reiterated by equities researchers at Stephens in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $26.00 price target on the bank’s stock. Stephens’ price objective indicates a potential upside of 8.65% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. DA Davidson cut their price objective on First Busey from $28.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $33.00 price target (down previously from $34.00) on shares of First Busey in a research report on Thursday, January 30th. Finally, Piper Sandler dropped their price target on First Busey from $32.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $28.00.

First Busey Stock Down 0.3 %

BUSE stock opened at $23.93 on Monday. The stock’s fifty day simple moving average is $23.80 and its two-hundred day simple moving average is $25.25. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. First Busey has a 1-year low of $21.59 and a 1-year high of $28.97. The stock has a market cap of $1.36 billion, a P/E ratio of 12.15 and a beta of 0.87.

First Busey (NASDAQ:BUSE) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.01. First Busey had a return on equity of 8.94% and a net margin of 17.14%. Analysts expect that First Busey will post 2.61 EPS for the current year.

Institutional Trading of First Busey

Hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its stake in shares of First Busey by 1,173.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,439 shares of the bank’s stock valued at $34,000 after purchasing an additional 1,326 shares during the period. R Squared Ltd bought a new stake in shares of First Busey during the 4th quarter valued at $35,000. Huntington National Bank bought a new stake in shares of First Busey during the 3rd quarter valued at $38,000. Meeder Asset Management Inc. raised its stake in shares of First Busey by 161.1% during the 4th quarter. Meeder Asset Management Inc. now owns 1,697 shares of the bank’s stock valued at $40,000 after purchasing an additional 1,047 shares during the period. Finally, Sterling Capital Management LLC raised its stake in shares of First Busey by 822.7% during the 4th quarter. Sterling Capital Management LLC now owns 1,707 shares of the bank’s stock valued at $40,000 after purchasing an additional 1,522 shares during the period. 56.49% of the stock is currently owned by institutional investors.

First Busey Company Profile

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.