First Busey (BUSE) Earning Somewhat Favorable News Coverage, Study Shows

Media stories about First Busey (NASDAQ:BUSE) have been trending somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. First Busey earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave news stories about the bank an impact score of 45.8723438447139 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news stories that may have effected Accern Sentiment’s rankings:

A number of brokerages have issued reports on BUSE. Zacks Investment Research raised First Busey from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Monday, January 1st. BidaskClub downgraded First Busey from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $33.00 price target on shares of First Busey in a report on Tuesday, January 9th. Finally, B. Riley raised First Busey from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $36.00 to $35.00 in a report on Tuesday, February 6th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $33.60.

Shares of BUSE stock opened at $31.16 on Wednesday. First Busey has a fifty-two week low of $27.33 and a fifty-two week high of $32.88. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.87. The firm has a market capitalization of $1,527.94, a PE ratio of 21.05, a PEG ratio of 2.32 and a beta of 1.05.

First Busey (NASDAQ:BUSE) last posted its earnings results on Tuesday, January 30th. The bank reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.05). First Busey had a net margin of 20.31% and a return on equity of 9.84%. The firm had revenue of $86.61 million during the quarter, compared to analysts’ expectations of $82.39 million. analysts anticipate that First Busey will post 2.25 earnings per share for the current fiscal year.

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First Busey Company Profile

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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