First Busey Co. (NASDAQ:BUSE) – Research analysts at FIG Partners increased their FY2018 earnings per share (EPS) estimates for First Busey in a report released on Wednesday, Zacks Investment Research reports. FIG Partners analyst B. Martin now forecasts that the bank will post earnings per share of $2.26 for the year, up from their prior estimate of $2.00.
Other equities research analysts also recently issued research reports about the stock. BidaskClub raised shares of First Busey from a “sell” rating to a “hold” rating in a research report on Thursday. Piper Jaffray Companies reissued a “hold” rating and set a $33.00 price objective on shares of First Busey in a research report on Tuesday, January 9th. Zacks Investment Research raised shares of First Busey from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Monday, January 1st. ValuEngine cut shares of First Busey from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $32.00 target price on shares of First Busey in a research note on Thursday, October 26th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $33.25.
In related news, Director George Barr sold 1,665 shares of First Busey stock in a transaction on Friday, October 27th. The shares were sold at an average price of $32.25, for a total transaction of $53,696.25. Following the transaction, the director now owns 64,088 shares in the company, valued at approximately $2,066,838. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 9.60% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in the business. Thomson Horstmann & Bryant Inc. lifted its stake in First Busey by 11.1% in the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 518,580 shares of the bank’s stock worth $15,526,000 after purchasing an additional 51,810 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in First Busey in the 3rd quarter worth $445,000. California Public Employees Retirement System lifted its stake in First Busey by 15.5% in the 3rd quarter. California Public Employees Retirement System now owns 90,884 shares of the bank’s stock worth $2,850,000 after purchasing an additional 12,189 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in First Busey by 1,790.1% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 17,597 shares of the bank’s stock worth $552,000 after purchasing an additional 16,666 shares in the last quarter. Finally, Magnetar Financial LLC purchased a new stake in First Busey in the 3rd quarter worth $204,000. Institutional investors and hedge funds own 46.09% of the company’s stock.
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About First Busey
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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