Wall Street analysts predict that First Busey Co. (NASDAQ:BUSE) will post earnings per share of $0.52 for the current quarter, Zacks reports. Five analysts have made estimates for First Busey’s earnings. The highest EPS estimate is $0.53 and the lowest is $0.51. First Busey also reported earnings per share of $0.52 in the same quarter last year. The company is expected to issue its next earnings report on Tuesday, July 23rd.

According to Zacks, analysts expect that First Busey will report full year earnings of $2.13 per share for the current financial year, with EPS estimates ranging from $2.08 to $2.17. For the next financial year, analysts forecast that the firm will post earnings of $2.35 per share, with EPS estimates ranging from $2.30 to $2.40. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for First Busey.

First Busey (NASDAQ:BUSE) last announced its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.03). First Busey had a return on equity of 10.23% and a net margin of 25.94%. The firm had revenue of $94.33 million during the quarter, compared to analysts’ expectations of $96.24 million.

BUSE has been the subject of several recent research reports. BidaskClub raised First Busey from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. Zacks Investment Research lowered First Busey from a “hold” rating to a “sell” rating in a report on Wednesday, March 13th. Finally, B. Riley reissued a “buy” rating on shares of First Busey in a report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $30.75.

BUSE traded down $0.19 during trading hours on Thursday, hitting $25.20. The stock had a trading volume of 808 shares, compared to its average volume of 132,513. The firm’s fifty day simple moving average is $25.54. First Busey has a 1 year low of $23.13 and a 1 year high of $33.25. The stock has a market capitalization of $1.42 billion, a PE ratio of 11.98, a PEG ratio of 2.00 and a beta of 1.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.85 and a current ratio of 0.85.

In related news, Director Stanley J. Bradshaw bought 1,183 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was acquired at an average price of $24.95 per share, for a total transaction of $29,515.85. Following the purchase, the director now directly owns 4,195 shares in the company, valued at $104,665.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stanley J. Bradshaw bought 3,680 shares of the business’s stock in a transaction on Friday, April 26th. The stock was bought at an average price of $25.69 per share, with a total value of $94,539.20. Following the purchase, the director now owns 4,195 shares in the company, valued at $107,769.55. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 69,955 shares of company stock valued at $1,859,546. 7.50% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Great West Life Assurance Co. Can boosted its stake in First Busey by 137.7% in the 4th quarter. Great West Life Assurance Co. Can now owns 4,636 shares of the bank’s stock worth $110,000 after purchasing an additional 2,686 shares during the period. Amundi Pioneer Asset Management Inc. bought a new stake in shares of First Busey during the 4th quarter valued at about $120,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of First Busey by 474.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 6,960 shares of the bank’s stock valued at $170,000 after acquiring an additional 5,749 shares during the last quarter. Bank of Montreal Can boosted its position in shares of First Busey by 80.6% during the 4th quarter. Bank of Montreal Can now owns 7,011 shares of the bank’s stock valued at $172,000 after acquiring an additional 3,129 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of First Busey by 10.3% during the 4th quarter. Legal & General Group Plc now owns 7,893 shares of the bank’s stock valued at $194,000 after acquiring an additional 738 shares during the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

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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