First Busey (NASDAQ:BUSE) Earning Somewhat Positive Media Coverage, Study Shows

Media stories about First Busey (NASDAQ:BUSE) have been trending somewhat positive on Sunday, Accern reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. First Busey earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 46.3551260940291 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news articles that may have impacted Accern’s scoring:

BUSE has been the subject of several recent research reports. B. Riley upgraded First Busey from a “neutral” rating to a “buy” rating and cut their price target for the company from $36.00 to $35.00 in a research note on Tuesday, February 6th. BidaskClub upgraded First Busey from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. ValuEngine cut First Busey from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Zacks Investment Research upgraded First Busey from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $33.60.

First Busey (NASDAQ BUSE) traded up $0.29 during midday trading on Friday, reaching $29.67. The company’s stock had a trading volume of 248,061 shares, compared to its average volume of 122,305. The company has a quick ratio of 0.90, a current ratio of 0.93 and a debt-to-equity ratio of 0.27. First Busey has a 12-month low of $27.33 and a 12-month high of $32.88. The company has a market capitalization of $1,444.48, a PE ratio of 17.45, a PEG ratio of 2.22 and a beta of 1.03.

First Busey (NASDAQ:BUSE) last released its earnings results on Tuesday, January 30th. The bank reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.05). First Busey had a return on equity of 10.75% and a net margin of 20.31%. The business had revenue of $86.61 million for the quarter, compared to the consensus estimate of $82.39 million. equities research analysts expect that First Busey will post 2.23 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, February 2nd. Stockholders of record on Friday, January 26th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.70%. This is a boost from First Busey’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, January 25th. First Busey’s dividend payout ratio is presently 54.05%.

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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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