Analysts expect First Busey Co. (NASDAQ:BUSE) to report $0.52 earnings per share for the current quarter, Zacks reports. Four analysts have provided estimates for First Busey’s earnings, with the highest EPS estimate coming in at $0.56 and the lowest estimate coming in at $0.50. First Busey reported earnings per share of $0.41 in the same quarter last year, which suggests a positive year over year growth rate of 26.8%. The business is scheduled to issue its next quarterly earnings report on Tuesday, April 24th.
On average, analysts expect that First Busey will report full year earnings of $2.25 per share for the current financial year, with EPS estimates ranging from $2.21 to $2.29. For the next financial year, analysts forecast that the company will report earnings of $2.39 per share, with EPS estimates ranging from $2.36 to $2.43. Zacks’ EPS calculations are an average based on a survey of research firms that follow First Busey.
First Busey (NASDAQ:BUSE) last announced its quarterly earnings results on Tuesday, January 30th. The bank reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.05). The firm had revenue of $86.61 million for the quarter, compared to analysts’ expectations of $82.39 million. First Busey had a return on equity of 9.84% and a net margin of 20.31%.
A number of hedge funds have recently bought and sold shares of BUSE. BlackRock Inc. lifted its stake in First Busey by 8.5% in the 4th quarter. BlackRock Inc. now owns 2,529,982 shares of the bank’s stock valued at $75,747,000 after buying an additional 198,311 shares in the last quarter. Millennium Management LLC lifted its stake in First Busey by 59.6% in the 4th quarter. Millennium Management LLC now owns 266,245 shares of the bank’s stock valued at $7,971,000 after buying an additional 99,411 shares in the last quarter. Deutsche Bank AG lifted its stake in First Busey by 105.8% in the 4th quarter. Deutsche Bank AG now owns 105,567 shares of the bank’s stock valued at $3,157,000 after buying an additional 54,270 shares in the last quarter. 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 valued at $15,526,000 after buying an additional 51,810 shares in the last quarter. Finally, Kennedy Capital Management Inc. lifted its stake in First Busey by 18.6% in the 4th quarter. Kennedy Capital Management Inc. now owns 256,282 shares of the bank’s stock valued at $7,673,000 after buying an additional 40,159 shares in the last quarter. 47.16% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:BUSE traded down $0.38 during trading on Monday, hitting $29.34. 182,249 shares of the stock were exchanged, compared to its average volume of 135,411. The firm has a market capitalization of $1,447.11, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 2.20 and a beta of 1.04. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.87. First Busey has a 12-month low of $27.33 and a 12-month high of $32.88.
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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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